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.

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