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News & Events
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VeriSign® and BearingPoint to Deliver VeriSign
Global Billing and Payment Services
VeriSign plans to aggressively expand global reach with delivery of
next-generation solution for communications service providers
CANNES, France - 3GSM World - FEB. 23, 2004 - VeriSign, Inc.
(Nasdaq: VRSN), the leading provider of critical infrastructure services
for the Internet and telecommunications networks, today announced a
strategic relationship with BearingPoint, Inc. (NYSE:BE), one of the
world's largest business consulting and systems integration firms, to
deliver a next-generation billing and payments platform for the communications
services industry. Based on an agreement, VeriSign and BearingPoint
will coordinate sales, support, and implementation worldwide.
"The relationship with BearingPoint is about
helping carriers find billing solutions in an increasingly complex industry,"
said Vernon Irvin, executive vice president of VeriSign Communications
Services. "VeriSign and BearingPoint are committed to delivering
operation-critical business solutions for communications that meet the
needs of communications service providers worldwide, beginning with
the release of our next-generation billing and payments platform in
2004. This relationship gives carriers a solution for all of their value-added
billing and payment needs and dramatically reduces the cost and complexity
of delivering compelling new services to their subscribers."
The relationship brings together VeriSign's unparalleled
portfolio of communications services with BearingPoint's InfoNovaTM
convergent rating and billing platform to deliver a comprehensive, integrated
billing and payments solution. VeriSign global billing and payment services
will meet the near-term requirements of VeriSign's wireless customers
while serving as the foundation for providing advanced billing capabilities
for VeriSign's expansion into new markets, including international and
other service lines such as VoIP, wireline voice and data, broadband,
cable, and wireless content and data.
Said Judith List, BearingPoint's executive vice president
of the Communications and Content business unit: "VeriSign has
combined BearingPoint's InfoNovaTM convergent billing technology with
VeriSign's integrated billing and payments systems, resulting in a next-generation
platform that can help carriers meet a range of customer demands from
green-field operators starting with basic IP-based services, up to large
telcos who want to expand their services to triple play."
VeriSign currently offers one of the first comprehensive
billing solutions in the wireless industry that integrates traditional
prepaid and post-paid services through a single point of entry for their
carrier customers. Building on this integrated prepaid/post-pay billing
and payments platform, BearingPoint's InfoNovaTM platform adds robust
rating, real-time subscriber account monitoring and the ability for
carriers to easily modify rates and service plans to respond rapidly
to market opportunities.
Relationships such as with BearingPoint are a key
component to VeriSign's business strategy as it enhances its leadership
position in the domestic wireless and Internet sectors while establishing
an immediate foothold on international telecommunication markets. In
addition to its global presence, VeriSign selected BearingPoint for
its breadth of complementary services, and for its reputation as a leader
in business consulting and systems integration services to the communications
market.
The companies will expand the near-term international
focus of their relationship by identifying key markets in Latin America,
Asia and Europe while building on VeriSign's domestic leadership in
managed communication services.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), delivers critical infrastructure services
that make the Internet and telecommunications networks more intelligent,
reliable and secure. Every day VeriSign helps thousands of businesses
and millions of consumers connect, communicate, and transact with confidence.
Additional news and information about the company is available at http://www.verisign.com.
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world's largest business
consulting, systems integration and managed services firms serving Global
2000 companies, medium-sized businesses, government agencies and other
organizations. We provide business and technology strategy, systems
design, architecture, applications implementation, network infrastructure,
systems integration and managed services. Our service offerings are
designed to help our clients generate revenue, reduce costs and access
the information necessary to operate their business on a timely basis.
Based in McLean, Va., BearingPoint has been named by Fortune as one
of America's Most Admired Companies in the computer and data services
sector. For more information, visit the Company's website at www.bearingpoint.com.
For more information, contact:
VeriSign Media Relations: Leslie Rubin, lrubin@verisign.com,
650-426-5363
VeriSign Investor Relations: Kathleen Bare, kbare@verisign.com,
650-426-3241
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 ability of VeriSign to successfully develop and market new services
and customer acceptance of any new services; the risk that VeriSign's
announced network expansion may not result in additional products, services,
customers and revenues; 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, 2002 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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