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Mobile Payments: Paydiant Gets $7.6 Million; Square Drops Its Fees

Feb 23, 2011 5:24 AM

It’s still very early days for mobile payments, but with operators, handset makers and Google (NSDQ: GOOG) jumping on the NFC bandwagon, the larger field is getting crowded with speculators looking to strike gold, in particular by pinning hopes (and investment) on to entrepreneurs with strong track records. Yesterday, Paydiant,…

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Posted In: E-Commerce, Payment Systems, Micropayments, Mobile, Money, M&A & Venture Capital, Venture Capital, Technologies / Formats, SMS, Companies, Apple, iPhone, Twitter, VeriSign, general catalyst partners, jack dorsey, north bridge venture partners, paydiant, square

Verisign Sells mQube To Mobile Messenger For Measly $19 Million

Nov 16, 2009 1:36 PM

Verisign is selling off its last remaining non-core mobile business, mQube, to mobile messaging company Mobile Messenger, for an undisclosed sum. MM obtains m-Qube’s direct connections to carriers in the US and Canada, and its entire business of delivering commercial messaging and premium mobile content. Verisign acquired mQube for $250…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign, mobile messenger, mqube

VeriSign Is Still Not Done Selling Off Its Mobile Services; Has mQube Left

Aug 26, 2009 3:36 PM

VeriSign (NSDQ: VRSN) said yesterday it had agreed to sell its mobile messaging services to Syniverse for $175 million, but according to a document filed with the SEC, we are finding out today that VeriSign has not finished selling off all of its mobile properties. Still remaining is the company’s…

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Posted In: Mobile, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign

Verisign Finally Finds Buyer For Mobile Messaging Biz: Syniverse, For $175 Million

Aug 25, 2009 7:58 AM

Verisign is finally done with almost all of its non-core disposals, a process that started early last year: Syniverse is buying off its mobile messaging business, for cash consideration of $175 million. The business has an annual revenue run-rate of approximately $140 million over the last 12 months, and the…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign, syniverse

Certicom Accepts RIM’s New Offer Of $106.5 Million

Feb 11, 2009 9:05 AM

Security software maker Certicom Corp has accepted Research In Motion’s offer to buy the company for around C$131 million ($106.5 million), or C$3 a share, after internet security firm VeriSign (NSDQ: VRSN) told the company it would not match RIM’s new offer, reports Reuters. Last week, RIM (NSDQ: RIMM) doubled…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, RIM, VeriSign, certicom

RIM Doubles Down To Outbid VeriSign For Certicom Acquisition

Feb 6, 2009 12:12 PM

Research In Motion, which had originally offered to pay C$1.50 a share for security software maker Certicom has doubled its offer, resulting in a superior bid to what VeriSign (NSDQ: VRSN) was willing to pay, Reuters reports. Apparently, Certicom is capable of putting things in the past because it fought…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, RIM, VeriSign, certicom

VeriSign Sells Off European Mobile Messaging Unit to Austrian Holding Firm

Feb 5, 2009 8:06 AM

VeriSign (NSDQ: VRSN), which has been in the process of selling off its non-core (including mobile) assets for the last year, has now sold of its European mobile messaging division, Austrian company 3united, to another Austrian business holding company Sinon Invest Holding. Financial details were not released. 3United was bought…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign, Countries, Europe, 3united

Surprise: VeriSign Buys Certicom For More Than What RIM Was Willing To Pay

Jan 23, 2009 1:52 PM

After Research In Motion’s hostile takeover attempt of Certicom, a Canadian mobile encryption company, ended with a court granting a permanent injunction against the offering, another bidder came out of the woodwork and offered more than what the Blackberry-maker was willing to pay. VeriSign (NSDQ: VRSN) said it will pay…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, RIM, VeriSign, Countries, Canada, certicom

10-Q Watch: Stuff Still Left To be Sold At VeriSign; Anyone Buying?

Nov 11, 2008 12:59 PM

VeriSign (NSDQ: VRSN), which recently sold off its Jamba mobile content division to News Corp (NYSE: NWS) for $200 million, still has a number of divisions that are up for sale, including some in its mobile/telecom sector. A list of them is detailed in its 10-Q for Q308, filed late…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign

Wireless Consultancy inCode Completes Separation From VeriSign

Nov 6, 2008 7:18 PM

inCode, a wireless consultant to carriers, has completed a management buyout from VeriSign (NSDQ: VRSN). Going forward, inCode will be an independent company that will continue its focus on advising carriers and helping to deploy new wireless services. Previous projects include strategies on MVNOs, RFID and spectrum management. The inCode…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, VeriSign, incode

VeriSign Exits Mobile Content; Sells Remaining Stake In JV To News Corp For $200 Million

Oct 7, 2008 8:10 AM

VeriSign’s (NSDQ: VRSN) effort to capitalize on mobile content through its acquisition of Jamba is officially over. VeriSign tried to keep skin in the game through a JV with News Corp (NYSE: NWS). selling 51 percent in May 2007 for $187.5 million and a merger with Fox Mobile Entertainment. Today,…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, News Corp., VeriSign, jamba

VeriSign’s m-Cube Pays $500,000 To Florida Attorney General For Fraudulent Ringtone Ads

Sep 2, 2008 5:52 PM

m-Qube, a VeriSign (NSDQ: VRSN) subsidiary, has agreed to pay the Florida Attorney General’s Office $500,000 for allegedly billing for ringtones that were promoted through fraudulent ads, the ClickZ Network reports. The Watertown, MA-based mobile content firm agreed to adopt and enforce strict standards for online ads through a settlement…

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Posted In: Legal, Companies, VeriSign

Text Messages Increasingly Used To Send Alerts, Ringtones, Video Clips, Etc.: Report

Aug 27, 2008 6:32 PM

The number of text messages sent during the second quarter jumped 20 percent to 52 billion messages, compared to the previous quarter, according to VeriSign (NSDQ: VRSN), which compiles statistics based on the messaging traffic it sees from its media division. Although the figures are skewed because they come from…

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Posted In: E-Commerce, Payment Systems, Technologies / Formats, Companies, VeriSign

Mobile Content Bits: Dream Is FCC Approved; Jamba On Opera; Verizon Kid-Tracker; Quattro Adds Games

Aug 18, 2008 3:38 PM

—Android phone receives FCC approval: The HTC Dream phone, which will be the first phone using Google’s (NSDQ: GOOG) Android operating system, has received FCC approval, according to Engadget. The phone comes with a “jogball,” which has been seen in mysterious videos online. From documentation, it also looks like it…

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Posted In: Advertising, Entertainment, Games, Media & Publishing, Social Media, Companies, Google, T-Mobile, VeriSign

Industry Moves
Industry Moves: Verisign CEO Roper Resigns; Bidzos Is Interim Head

Jul 3, 2008 7:09 PM

Verisign, which has pared down the company over the last year, has seen another CEO change: William Roper, who had been president and CEO for a bit more than a year, has resigned and the company board has named Jim Bidzos as interim CEO, president and executive chairman. Bidzos was…

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Posted In: Industry Moves, Companies, VeriSign

Jamba Quitting Mobile Games Development, Shutting Ojom Unit

May 29, 2008 11:46 AM

Rafat was almost right on the button. In a meeting today, Jamba decided to stop developing its own mobile games, so is shutting its Ojom development unit. Berlin-based Ojom is actually one of VeriSign’s (NSDQ: VRSN) contributions to the venture with News Corp (NYSE: NWS). which will now concentrate only…

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Posted In: Companies, News Corp., VeriSign, Countries, Europe, Germany, jamba, ojom

What’s Happening At Jamba? Strategic Options?

May 28, 2008 11:41 PM

What will happen tomorrow at Jamba? The mobile content company which is majority owned by News Corp (NYSE: NWS). and rest owned by Verisign, has a big meeting tomorrow, according to Rupert Murdoch, who was speaking tonight at the D conference in Carlsbad, CA. Murdoch confessed he didn’t know that…

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Posted In: Entertainment, Companies, News Corp., VeriSign, jamba, rupert murdoch

Industry Moves
Industry Moves: Jamster Takes Content EVP Linders From Endemol

May 19, 2008 6:41 AM

News Corp/VeriSign (NSDQ: VRSN) mobile entertainment JV Jamster/Jamba has hired Endemol International’s digital media director William Linders as its content EVP, based at the Berlin HQ. Linders had spent seven years with the TV producer, working on interactive ideas around shows like Big Brother. At Jamster, he will lead global…

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Posted In: Industry Moves, Companies, News Corp., VeriSign, Countries, Europe, Germany, jamster, william linders

10-K Watch: Verisign’s Call/Put Options on its JV With News Corp on Jamba; Sells Services Business

Mar 4, 2008 11:28 AM

Verisign, which sold off a 51 percent stake in Jamba/Jamster to News Corp in early 2007, has released some more details on developments since, in its 10-K, filed last week with SEC: —On investing more in Jamba over 2007: “Fox paid VeriSign (NSDQ: VRSN) approximately $192.4 million in cash for…

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Posted In: Companies, News Corp., VeriSign, jamba, verisign

Earnings
Earnings: VeriSign Posts Net Loss In Q2, As Revenues Fall 6.3 Percent

Jul 26, 2007 3:48 PM

VeriSign (Nasdaq: VRSN) blamed is Q2 net losses and revenue decline on restructuring charges. The network security company posted a net loss of $4.7 million, or 2 cents per share, versus $376.8 million, or $1.52 per share, during the same period last year. On a non-GAAP basis, earnings were $62…

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Posted In: Money, Earnings, Companies, VeriSign

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