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Press Release |
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VeriSign Expands Into African and Middle Eastern Markets
Further strategic partners to be recruited in the region
DUBAI, MIDDLE EAST, March 14, 2007 – VeriSign Inc. (Nasdaq:
VRSN), the leading provider of digital infrastructure for the networked
world, today announced that it has expanded its reach in the Middle
East and Africa with the appointment of EppixComm, the specialist in
providing Customer Care and Billing Solutions in the region, as a channel
partner. In January, VeriSign opened an office in the Middle East.
The partnership enables EppixComm to support real-time
charging, billing and rating for network operators. Operators will be
offered a system that supports prepaid voice, data and messaging services
on commonly used technology platforms. EppixComm currently provides
Customer Care and Billing Solutions (CCBS) to 35 customers, while handling
57 percent of billing instructions for operators in the African post-
and pre-paid markets.
Neil Batstone, Territory Manager for VeriSign in the
Middle East, commented: “VeriSign is looking to work with a select number
of strategic channel partners to distribute and support our solutions
in the region. Identifying these trusted, professional and qualified
partners is a focal point for our channel strategy and EppixComm has
a proven track record of Customer Care and Billing Solutions. Together,
we have the infrastructure, technology and expertise to provide convergent
pre- and post paid solutions in this key market.”
The main solution marketed and supported by EppixComm
will be the VeriSign PrePayIN™ system which was developed by VeriSign
in response to carriers’ demands for a powerful and flexible prepaid
platform to support their continuous growth. The scaleable solution
supports networks with 10,000 subscribers to those with millions of
customers.
Saugata Banerjee, Executive Director of EppixComm
says, “We focus on a very niche market that is looking for product enhancements
to expand. By partnering with VeriSign, we are set to realise our long-term
strategy to become the preferred African and Middle Eastern business
partner for network operators.”
As part of its channel strategy, VeriSign will provide
EppixComm with training on product knowledge and product integration
and offer first and second line support.
About EppixComm
EppixComm has a proven track record of 17 years of providing
Customer Care and Billing Solution (CCBS) to 35 customers, while handling
57 percent of billing instructions for operators in the African post-
and pre-paid markets. Additional news and information about the company
is available at www.eppixcomm.com.
About VeriSign
VeriSign, Inc. operates intelligent infrastructure services that
enable and protect billions of interactions every day across the world’s
voice and data networks. Additional news and information about the company
is available at http://www.verisign.co.uk/.
For more information:
VeriSign media relations: Victoria Henry, vhenry@verisign.com
+44 20 8699 0723
VeriSign Investor Relations: Nancy Fazioli, ir@verisign.com
VeriSign media relations: Ghadeer Jaamour (Hill & Knowlton, Dubai), gjaamour@hillandknowlton.com
+971.4.33.44.930
EppixComm contact: Desigan Pillay, Desigan.Pillay@eppixcomm.com
+27 82 315 2555
Forward looking statement
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause VeriSign's actual results to differ
materially from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as the risk that VeriSign's announced
strategic relationships, including the relationship described herein,
may not result in additional products, services, customers, profits
or revenues; and increased competition and pricing pressures. More information
about potential factors that could affect the company's business and
financial results is included in VeriSign's filings with the Securities
and Exchange Commission, including in the company's Annual Report on
Form 10-K for the year ended December 31, 2005 and quarterly reports
on Form 10-Q. VeriSign undertakes no obligation to update any of the
forward-looking statements after the date of this press release.
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