March 21, 2006, 12:00 AM

VeriSign acquires a mobile commerce technology company

VeriSign Inc. has agreed to pay $250 million to acquire m-Qube, a company that provides technology and gateways to telecom carriers that allow companies to develop, deliver and bill for mobile content, applications and messaging services.

 

Mobile commerce is heating up. The latest evidence: VeriSign Inc. has agreed to pay $250 million to acquire m-Qube, a company that provides technology and gateways to telecom carriers that allow companies to develop, deliver and bill for mobile content, applications and messaging services.

M-Qube becomes part of the VeriSign mobile commerce strategy that includes recent acquisitions of 3united and Kontiki. The company says it extends VeriSign`s digital content platform to enable carriers, Internet portals, media companies and consumer brands to provide delivery of mobile and broadband services for any device.

M-Qube is a leader in delivering premium messaging and content services that can reach more than 200 million wireless subscribers in North America. The company says its intelligent application platform powers hundreds of mobile storefronts and marketing campaigns for customers including Sony Pictures, CBS, Major League Baseball Advanced Media, Warner Music Group, Reuters, GQ, Virgin Mobile Canada and Telus Mobility.

"VeriSign is combining its world-class expertise, applications and infrastructure to make content convergence over any network and any device a reality. M-Qube will increase our leadership and expand our services in this emerging category," said Vernon Irvin, executive vice president and general manager, VeriSign Communications Services.

Last month, VeriSign acquired 3united, a wireless applications service provider. Earlier this month, VeriSign acquired Kontiki, which provides managed peer delivery systems for high-quality video and digital content

M-Qube is privately held with 200 employees across North America.

 

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