Home > News > VeriSign Plans to Buy MMS Leader LightSurf • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

VeriSign Plans to Buy MMS Leader LightSurf

VeriSign Plans to Buy MMS Leader LightSurf
Get XBIZ News
Jan 10, 2005 4:23 PM PST    Text size: 
MOUNTAIN VIEW, Calif. — Eager to get into the mobile market, VeriSign Inc. said Monday it agreed to purchase LightSurf Technologies for $270 million.

LightSurf is credited with developing software and services that allow customers of North American cellphone carriers to email and electronically modify images so they can be properly displayed on various kinds of handsets and other computers.

VeriSign recently branched out from securing web commerce transactions to a range of other communications services. It operates a huge signaling network, which helps phone carriers manage transactions such as wireless text messages and cellular roaming, as well as the systems needed to help call up web pages based on “.com” and “.net” addresses.

The Mountain View, Calif., company said, in a statement, it expects the all-stock acquisition for the seven-year-old company to generate at least $30 million in incremental revenues for the remaining period of 2005.

LightSurf is the led by entrepreneur Philippe Kahn, who sold his StarFish Software to Motorola Inc. in 1998 for $253 million. But the 52-year-old is best known for founding what is now Borland Software Corp.

Kahn is expected to stay on with the company after the deal is finalized.

LightSurf has 250 employees, about half at its headquarters in Santa Cruz, Calif., and the remainder in Bangalore, India.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

LEGAL PERSPECTIVES

The Skinny on the New DMCA Requirement

The requirements under the Digital Millennium Copyright Act (DMCA) have changed, but the sky is not falling. We have, even as a law firm, been hit with an unbelievable amount of spam sent out by law firms... More »

2017 Outlook: Legal Matters Around the Corner

The adult entertainment business’ legal community recently weighed in the top issues that companies and the industry, as a whole, should be concerned about. XBIZ asked industry attorneys to discuss... More »

Fraudulent Brazilian Trademark Registrations Running Rampant

Although you might not think often about protecting your trademark rights in Brazil, you need to — even if you don’t yet have a single Brazilian customer. Scammers are constantly looking for... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA

Phoenix Forum 2017

Mar 23 - Mar 26
Tempe, Arizona

EXXXOTICA Denver

Mar 31 - Apr 02
Denver, CO.
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!