VeriSign and Melodeo Collaborate on Developing
Full-Track Mobile Music Platform
MOUNTAIN VIEW, CA and SEATTLE, WA—December 5, 2005 – VeriSign,
Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure
services for the Internet and telecommunications networks, and Melodeo,
Inc., a company dedicated to creating software and services to bring
digital content to mobile phones, today announced that VeriSign’s Jamster
subsidiary is working with Melodeo to develop a digital music platform
for providing full-track music downloads.
Jamster is reviewing the Melodeo MobilDRM, a leading
digital rights management product that is approved by the four major
music labels for protecting downloadable music, protection that is critical
to preventing theft and preserving the rights of the content community.
The technology is designed to protect mobile music that is sold on a
per download or subscription basis.
“We chose to work with Melodeo because music labels
have endorsed their technology and because of the need in the mobile
marketplace for digital rights protection,” said Mahi de Silva, senior
vice president, VeriSign Communications Services. “We are excited
to work with Melodeo on developing mobile DRM solutions that protect
music subscriptions, which are growing in popularity.”
“Melodeo MobilDRM is the only solution of its kind
designed specifically for the mobile world that protects the rights
of artists and labels while making it easy for listeners to download
play and share music,” said Jim Billmaier, Melodeo CEO. “We’re pleased
to be working with VeriSign to deliver this protection, which can be
used by mobile operators around the world.”
Mobile operators, looking to capitalize on this momentum,
are interested in providing secure, subscription-based media content,
something few DRM offerings provide.
The technology is being used today by several mobile
operators around the world.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), 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 www.verisign.com.
About Melodeo
Melodeo, Inc. is a privately held company in Seattle dedicated to creating
software and services to bring music and content to mobile phones. Melodeo
provides wireless operators and phone handset manufacturers software
that enables the delivery of secure digital content to wireless subscribers
through an easy-to-use, dynamic user interface. Recognizing the importance
of Digital Rights Management (DRM), Melodeo offers a distribution model
which includes DRM technology to ensure artist and label compensation.
More information is available at www.melodeo.com.
Trademarks
VeriSign, Jamster and other trademarks, service marks and logos are
registered or unregistered marks of VeriSign, Inc. and its subsidiaries
in the United States and in foreign countries. Copyright © 2005 VeriSign,
Inc. All rights reserved.
Mobilcast and PowerSearch are trademarks of Melodeo.
All other product and company names mentioned herein may be trademarks
of their respective owners.
For More Information
VeriSign Media Relations: Lori Sinsley, lsinsley@verisign.com,
650-426-4716
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Jennifer Gehrt, Communiqué PR, jennifer@communiquepr.com,
206-419-3203
Adrienne Lenhart, Communiqué PR, adrienne@communiquepr.com,
206-282-2052
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 increasing competition and
pricing pressure from competing services offered at prices below our
prices and market acceptance of our existing services, the inability
of VeriSign to successfully develop and market new services and the
uncertainty of whether new services as provided by VeriSign will achieve
market acceptance or result in any revenues. 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, 2004 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.
