MOUNTAIN VIEW, Calif.-Digital security and mobile content provider VeriSign Inc. said it plans to spend $30 million in cash to acquire software developer CallVision Inc.
Seattle-based CallVision provides Web-based billing and data analysis applications to operators including T-Mobile, Bell Canada, TelstraClear and Australia’s AAPT. VeriSign, which offers wireless content through its Jamster and Jamba Web portals, hopes to use the acquisition to deliver electronic billing, payment and customer self-care applications to Tier 1 carriers, broadband service providers and mobile virtual network operators.
The transaction is expected to close by April, and earnings from the acquisition “will not be material” to VeriSign’s 2006 financial results, the company said.
“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 of VeriSign Communications Services.
Investors greeted the news tepidly, as shares of VeriSign nudged upward 15 cents to $22.03 in mid-day trading on the Nasdaq.
