VeriSign sells European mobile branch to Sinon February 9, 2009
Posted by aikservices in Europe, Financial, MMS, Sinon, VeriSign.Tags: Europe, Financial, MMS, Sinon, VeriSign
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Global internet infrastructure services provider VeriSign is selling its European mobile branch to Austrian investment group Sinon, with effect from 1 January. The new company, which specialises in mobile messaging, will be called Mobile Messaging Solutions. The sale follows VeriSign’s decision to withdraw from the mobile business sector and focus more on its online naming and security activities. MMS has named Otto Legerer as CEO. The management team comprises Peter Kraus as CFO and Harald Weinberger in the role of CTO. Kraus was previously VeriSign’s financial manager. Weinberger says that the company aims to expand its presence in Vienna and Central and Eastern Europe. Furthermore, ongoing technical development and innovation will be encouraged allowing the company to continue its ongoing expansion into new markets in Asia and Africa. MMS aims to provide mobile applications and SMS services with its international mobile messaging network made up of data centres. These centres will be responsible for the transmission of more than 240 million SMS messages each year on behalf of tier 1 clients including all Austrian mobile communications operators, media providers and large branded organisations. The company will also focus on SMEs to receive support for mobile marketing. MMS and VeriSign plan to continue a long-term partnership within the verticals of mobile security and mobile international services.
RIM tops VeriSign offer for Certicom February 6, 2009
Posted by aikservices in Certicom, Financial, Research In Motion, RIM, VeriSign.Tags: Certicom, Financial, Research In Motion, RIM, VeriSign
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Research In Motion has made a new bid to acquire the mobile security developer Certicom, topping an offer from VeriSign. Certicom went to court to block RIM’s initial bid, saying it was too low. RIM is now offering CAD 3 per share, beating an offer of CAD 2.10 per share from VeriSign. Certicom’s board said it considers RIM’s offer a “superior proposal”, as defined in its agreement with VeriSign. VeriSign now has five business days, until the end of 11 February, to change its offer. If Certicom goes ahead with the RIM deal, it will owe a CAD 4 million termination fee to VeriSign.
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