The Wayback Machine - https://web.archive.org/all/20060207071323/http://www.verisign.com:80/verisign-inc/news-and-events/news-archive/us-news-2005/page_036513.html
VeriSign Acquires CallVision from VeriSign, Inc.
VeriSign, Inc.® US Home | Worldwide Sites | Site Map

News & Events

VeriSign To Acquire CallVision

Customer Self Care and Consolidated E-Billing and Analysis Services to Complement VeriSign Commerce Suite

MOUNTAIN VIEW, CA—January 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. 

“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

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.

“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 industry’s most trusted brands deliver new services to a broader, diversified audience," said Derek Edwards, CEO of CallVision.

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 VeriSign’s 2006 financial results. The transaction is expected to close in the first quarter of 2006.

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.

Trademarks 
VeriSign 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 © 2006 VeriSign, Inc. All rights reserved.

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

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.

Contact Us
For media inquiries,
please contact us at
415-281-2762 or at
press@verisign.com.