VeriSign is to buy LightSurf Technologies, the privately-held mobile-phone photography firm, for $270m in stock. The deal will enable VeriSign to offer multimedia messaging capabilities and interoperability services to carriers.
VeriSign already sells a number of security and Domain Name System (DNS) services to carriers, but its move into picture messaging is a surprise. LightSurfÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s managed services are a “natural fit with VeriSign,ÃƒÂ¢Ã¢â€šÂ¬Ã‚Â according to VerSign CEO Stratton Sclavos.
Philippe Kahn, chairman and founder of LightSurf (and also founder of Borland), is also ÃƒÂ¢Ã¢â€šÂ¬Ã…â€œpumped upÃƒÂ¢Ã¢â€šÂ¬Ã‚Â about the deal. “LightSurf’s vision and leadership with Picture/Video-Messaging and MMS end-to-end-solutions can be leveraged by VeriSign to benefit both organizations,” he said.
LightSurf’s technology enables mobile subscribers to exchange pictures, video, and other forms of multimedia content. It supports a broad range of mobile devices and wireless networks, and its services are used by telcos including Sprint, Bell Mobility, mm02, Telecom New Zealand and Qwest. Additionally, the company works closely with leading handset manufacturers such as Samsung Electronics, Motorola, Sanyo, LG and Toshiba to develop and deploy multimedia messaging services.