VeriSign / CallVision

VeriSign Inc., a provider of digital security services, said Wednesday it is acquiring CallVision Inc. in a deal worth about $30 million net of cash.

Seattle-based CallVision offers Web-based billing and client management software and data analysis to major telecommunications firms, such as T-Mobile and Bell Canada.

The acquisition is expected to close during the first quarter and is not expected to affect VeriSign's 2006 financial results.

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.

(c) AP & (c) PRNewswire-FirstCall


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