Sunday, April 24, 2005

VeriSign to Acquire Lightbridge for IN

VeriSign agreed to acquire to Lightbridge's Intelligent Network Solutions (INS) technology platform and customer base for $17.45 million in cash plus the assumption of certain contractual liabilities. The Lightbridge PrepayIN platform is an Intelligent Network solution that provides real-time rating for voice, data, and IN-based services, empowering mobile operators to deliver prepaid, hybrid, and postpaid charging capabilities to their subscribers.

VeriSign said the acquired PrepayIN platform will augment its Service Portfolio for North American-based Mobile Virtual Network Operators (MVNOs) who are expected to target largely untapped prepaid segments to drive subscriber volume.