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PrePayIN Launch Delivers Converged Suite of Commerce Services to Wireless Providers
MOUNTAIN VIEW, CA., October 3, 2006 - VeriSign, Inc., (NASDAQ: VRSN), the leading provider of intelligent infrastructure for the networked world, today announced its first major release of VeriSign® PrePayIN™, a release that converges VeriSign’s portfolio of wireless and content assets with real-time rating for voice, data and IMS-based services. With the growing demand for next-generation services, PrePayIN allows wireless carriers around the world to more quickly launch new services and generate new revenues while managing the cost and complexity of supporting the entire customer lifecycle.
“Wireless providers are asking us for converged platforms that enable them to offer more services and plans that can be accurately rated, billed and delivered -- anywhere, anytime,” said David Meredith, senior vice president, VeriSign Communications Services. “Our commitment to offering providers, globally, complete flexibility helps them deliver on their commitment to provide the best customer experience.”
PrePayIN Release 11.0 simplifies a carrier’s responsibilities of managing multiple applications separately by delivering a single system that offers integrated solutions for inter-carrier messaging, enterprise application access and advanced messaging features; rapid delivery of the latest entertainment services from distribution to rights management, copyright clearing, and financial settlement; and advanced self-care services including online payment, electronic billing, call traffic reporting and interactive analytics.
VeriSign PrePayIN supports all major technologies (CDMA, GSM, UMTS, diameter, SIP) and provides operators the flexibility to partner with any infrastructure provider.
“With the growing market share of MVNO carriers and the increased demand for all carriers to offer next-generation services, the complexity of content delivery and billing grows,” said Roger Entner, vice president for wireless telecommunications, OVUM. “Carriers are faced with the need to provide the best customer experience possible in a highly competitive marketplace. The significant flexibility to deploy a fully integrated end-to-end solution or select services independently helps carriers compete."
As wireless operators offer prepaid calling plans with multimedia message services (MMS), short message services (SMS), picture mail and video mail options, VeriSign PrePayIN allows them to rate and charge for:
The prepaid market presents a sizable opportunity. According to Yankee Group the worldwide prepaid market is expected to grow from 1.61 billion subscribers in 2006 to 2.04 billion in 2010 and prepaid revenue is expected to grow from $178 billion in 2006 to $217 billion in 2010.
PrePayIN Release 11.0 seamlessly integrates VeriSign’s prepaid application with billing, messaging, and content platforms such as those supporting the applications of VeriSign Self-Care & Analytics (formerly CallVision) and VeriSign Content Services which includes the recently acquired m-Qube and 3united brands.
Available as a managed service or licensed solution, VeriSign’s current pre-paid services support more than 30 million subscribers worldwide. VeriSign offers the world’s broadest and most comprehensive portfolio of next-generation communications, commerce and content solutions.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN) operates intelligent infrastructure services
that enable and protect interactions across voice and data networks
anytime, from anywhere, on multiple devices. Additional news and information
about the company is available at www.verisign.com.
Trademarks
VeriSign, and other trademarks, service marks, and logos are registered
or unregistered marks of VeriSign, Inc. and its subsidiaries in the
United States and in foreign countries. Copyright © 2006 VeriSign, Inc.
All rights reserved.
For More Information
VeriSign Media Relations: Lisa Malloy, lmalloy@verisign.com,
202-270-7600
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Forward-Looking Statement
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve risks and uncertainties
that could cause VeriSign's actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, the uncertainty of future
revenue and profitability and potential fluctuations in quarterly operating
results due to such factors as the inability of VeriSign to successfully
develop and market new products and services and customer acceptance
of any new products or services, including VeriSign's PrePayIN; the
possibility that this service may not result in additional customers,
profits or revenues; and increased competition and pricing pressures.
More information about potential factors that could affect the company's
business and financial results is included in VeriSign's filings with
the Securities and Exchange Commission, including in the company's Annual
Report on Form 10-K for the year ended December 31, 2005 and quarterly
reports on Form 10-Q. VeriSign undertakes no obligation to update any
of the forward-looking statements after the date of this press release.
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