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

{"source":"https:\/\/gigaom.com\/2009\/08\/25\/419-verisign-finally-finds-buyer-for-mobile-messaging-biz-syniverse-for-175\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_60fc038d87cd7fd26dc617ad2f119223","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}