VeriSign buys 3united Mobile Solutions

The $65 million acquisition of a mobile application services company is intended to help expand its communications offering in Europe.

VeriSign announced a handful of moves on Monday, including the acquisition of a mobile application services company and the launch of a new identity protection program.

The company, whose services include securing data and voice networks, obtained 3united Mobile Solutions for about $65.5 million. Vienna, Austria-based 3united helps businesses take advantage of mobile technologies and wireless networks. The acquisition is intended to help expand VeriSign's communications offering in Europe.

Mountain View, Calif.-based VeriSign also introduced a new online identity protection program and announced that its first two customers were Yahoo and eBay.

The VeriSign Identity Protection (VIP) suite enables consumers to use a single security device to authenticate themselves across any VIP Web site, the company said in a statement. VIP is intended to make it cheaper and easier for financial services or e-commerce companies to strengthen authentication by sharing an infrastructure, VeriSign said in a statement.

VeriSign also launched its own Global System for Mobile Communication settlement and exchange service, designed to make it easier for cell-phone carriers to track and support noncustomer roamers and facilitate payment from roaming partners.

VeriSign shares rose 24 cents, or 1 percent, to close Monday on Nasdaq at $23.94.

Tags:
Mobile
About the author

Greg Sandoval covers media and digital entertainment for CNET News. Based in New York, Sandoval is a former reporter for The Washington Post and the Los Angeles Times. E-mail Greg, or follow him on Twitter at @sandoCNET.

 

Discuss VeriSign buys 3united Mobile Solutions

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Articles from CNET
The other analog format: Cassette tape decks have never been cheaper to buy