Feeds

VeriSign enters MMS market with Lightsurf buy

Picture This

  • alert
  • submit to reddit

Security for virtualized datacentres

VeriSign is to buy LightSurf Technologies, the privately-held mobile-phone photography firm, for $270m in stock. The deal will enable VeriSign to offer multimedia messaging capabilities and interoperability services to carriers.

VeriSign already sells a number of security and Domain Name System (DNS) services to carriers, but its move into picture messaging is a surprise. LightSurf’s managed services are a "natural fit with VeriSign,” according to VerSign CEO Stratton Sclavos.

Philippe Kahn, chairman and founder of LightSurf (and also founder of Borland), is also “pumped up” about the deal. "LightSurf's vision and leadership with Picture/Video-Messaging and MMS end-to-end-solutions can be leveraged by VeriSign to benefit both organizations," he said.

VeriSign expects the LightSurf acquisition to generate at least $30m in extra revenues for the remaining period of 2005, providing it closea the deal in the first quarter as expected. The acquisition has been approved by both boards of directors, and is subject to standard regulatory and other approvals. VeriSign will gain around 250 full-time LightSurf employees in California and Bangalore.

LightSurf's technology enables mobile subscribers to exchange pictures, video, and other forms of multimedia content. It supports a broad range of mobile devices and wireless networks, and its services are used by telcos including Sprint, Bell Mobility, mm02, Telecom New Zealand and Qwest. Additionally, the company works closely with leading handset manufacturers such as Samsung Electronics, Motorola, Sanyo, LG and Toshiba to develop and deploy multimedia messaging services. ®

Related stories

RSA cosies up to AOL as VeriSign enters token market
Industry unites for .mob?
VeriSign snags RFID tag deal
Kahn battles Agfa to keep e-words free
Former Borland Mr Big (Kahn) sells more stuff to Big M

Intelligent flash storage arrays

More from The Register

next story
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
FCC, Google cast eye over millimetre wireless
The smaller the wave, the bigger 5G's chances of success
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.