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VeriSign To Acquire CallVision

VeriSign , a provider of SL certification, today said it is acquiring CallVision in a net cash deal worth $30 million.

The Seattle-based CallVision offers Web-based billing and client-management software that consolidates billing data from multiple systems, products, languages and currencies and creates one view of multiple accounts.

The firm provides this data analysis to major telecommunications firms, such as T-Mobile, Bell Canada and TelstraClear.

The addition of these applications is expected to enhance VeriSign's Commerce Suite, which can help communications providers streamline billing processes, improve customer satisfaction, reduce operational costs and mitigate churn, according to the Mountain View, Calif. company.

"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," Vernon Irvin, executive vice president and general manager of VeriSign Communications Services, said in a statement.

The move 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, the company said.

CallVision distributes and markets its services through direct sales and channel partners, such as global system integrators and major BSS/OSS vendors.

"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," Derek Edwards, CEO of CallVision, said in a statement.

Revenue and earnings contributions from the acquisition will not be material to VeriSign's 2006 financial results.

The transaction is expected to close in the first quarter of 2006.