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Summary:

Verisign is finally done with almost all of its non-core disposals, a process that started early last year: Syniverse is buying off its mobi…

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Verisign is finally done with almost all of its non-core disposals, a process that started early last year: Syniverse is buying off its mobile messaging business, for cash consideration of $175 million. The business has an annual revenue run-rate of approximately $140 million over the last 12 months, and the transaction is expected to be immediately accretive to cash net income, the company said. UPDATE: With this sale, VeriSign (NSDQ: VRSN) hasn’t sold all of its mobile properties. Still left, is mQube, for more information go here.

In this deal, VRSN has sold off several mobile businesses, including:

– Inter-Carrier Gateway which enables operators to deliver inter-carrierSMS and MMS messages.
– PictureMail which provides MMS platform including a hosted MMS service center for MMS routing, handset photo applications, a social networking interface, and photo storage and sharing capabilities.
– Premium Messaging Gateway which manages delivery of

By Rafat Ali

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  1. This is not the last of the mobile assets of VeriSign- They still have yet to sell of messaging platform of m-Qube.

    Who's buying that?

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  2. Ashley
    We've a separate post on that here: http://cnt.to/hpp

    Share

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