Acquisition Expands VeriSign’s Illuminet Portfolio of Telecommunication Services by Adding End-to-End Billing and CRM Applications for Wireless Carriers
Mountain View, Ca., January 7, 2002 – VeriSign, Inc., (NASDAQ: VRSN), the leading provider of digital trust services, today announced it has entered into a definitive agreement to acquire H.O. Systems, Inc., a leading provider of billing and customer care solutions to wireless carriers. H.O. Systems’ advanced billing platform combined with the signaling, intelligent network and clearing services of VeriSign’s Illuminet Holdings, Inc. subsidiary will give wireless carriers a comprehensive package of essential services needed to succeed and grow in a highly competitive marketplace.