VeriSign To Acquire CallVision
Customer Self Care and Consolidated E-Billing and Analysis
Services to Complement VeriSign Commerce Suite
MOUNTAIN VIEW, CAJanuary 11, 2006--VeriSign, Inc. (Nasdaq: VRSN),
the leading provider of intelligent infrastructure services for the
Internet and telecommunications networks, today announced it has
signed a definitive agreement to acquire Seattle-based CallVision,
a leading provider of online analysis applications.
The acquisition will enable VeriSign to deliver converged
electronic bill presentation, payment and customer self-care
applications to mobile operators, Tier 1 carriers, broadband
companies and consumer-brand MVNOs worldwide. By adding these
applications to the comprehensive VeriSign Commerce Suite, VeriSign
can help communications providers further simplify the billing
process, improve customer satisfaction, reduce operational
costs and mitigate churn.
Debt Help The acquisition of CallVision is a strategic
investment that furthers our
goal of providing intelligent infrastructure services that
enable rich and seamless communications, commerce and content
services for carriers, online portals, media companies and
consumer brands worldwide, said Vernon Irvin, executive vice
president and general manager, VeriSign Communications
Services
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Counseling Debt CallVision clients such as T-Mobile, Bell Canada, TelstraClear
and AAPT (Australia) use its applications to transform billing data
into vital sources of
business intelligence to
increase satisfaction and retention. This is done by
consolidating billing data from multiple systems, products,
geographies, languages and currencies into a single electronic
analysis and bill payment view and creating one view of multiple
accounts. The company distributes and markets its services
through direct sales and channel partners such as global system
integrators and major BSS/OSS vendors.
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Consolidation Consumer Debt By developing highly regarded customer self-care and
consolidated e-billing and analysis applications for Tier 1 and
global carriers, CallVision has realized solid growth and
established itself as a world-class provider of customer-centric
solutions. We are pleased to be joining VeriSign to help one of the
industrys most trusted brands deliver new services to a broader,
diversified audience," said Derek Edwards, CEO of CallVision.
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Debt Settlement The acquisition is being accounted for as a purchase transaction
and is valued at $30 million net of acquired cash. Revenue and
earnings contributions from the acquisition will not be material to
VeriSigns 2006 financial results. The transaction is expected to
close in the first quarter of 2006.
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Debt Free About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure
services that enable and protect billions of interactions every day
across the worlds voice and data networks. Additional news and
information about the company is available at www.verisign.com.
(AXcess News) Reno, VeriSign, Inc. ( VRSN) is buying mobile services billing and delivery company, Qube, in a $250 million deal. The purchase of the mobile services company marks the second acquisition this year in the mobile device arena for VeriSign. VeriSign' Qubetakes advantage of the mobile services provider's cash on hand, combining it with VeriSign's as part of the financing.The deal was booked as a purchase because of it and is expected to close in the second quarter.
Consolidation Debt Service Source: VeriSign
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