VeriSign ditches analytics biz: Division sold back to original owner

Just two years after shelling out $30 million for CallVision Inc., VeriSign Inc. is spinning off its telecom-analytics business.
The company said it is selling its Self-care and Analytics business unit back to its original management team, which founded CallVision 12 years ago. The move gives birth to a new, Seattle-based company, Globys Inc., whose investors include Trilogy Partnership, Duff Ackerman and Goodrich, and Cedar Grove.
Terms of the deal were not disclosed.
Globys will continue to offer “detailed analytics” to both mobile and fixed-line operators, according to Derek Edwards, a CallVision co-founder who continued to manage the business under VeriSign and was tapped to serve as CEO of the new company.
“This group brings it all together and allows carriers a view into (the analytics),” Edwards said. “We help them with churn reduction and allow them to up-sell and cross-sell.”
The spinoff is the latest move by VeriSign to streamline its operations and focus on core businesses such as its Internet domain registry, online security technology and identity protection services. VeriSign unveiled the effort in November, outlining plans to sell or close as many as 12 divisions including some – or perhaps all – of its mobile operations.