This deal is sending ripples throughh the mobile marketing space.
From MoneyCentral VeriSign Acquires m-Qube
March 20 /PRNewswire-FirstCall/ -- VeriSign, Inc. VRSN, the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced it has signed a definitive agreement to acquire m-Qube, a leading mobile channel enabler that helps companies develop, deliver and bill for mobile content, applications and messaging services.
m-Qube , based in Watertown, Massachusetts, is privately held with 200 employees across North America. The acquisition price is $250 million dollars net of cash
m-Qube is the recognized market leader in delivering premium messaging and content services that can reach more than 200 million wireless subscribers in North America.
The company's intelligent application platform powers hundreds of mobile storefronts and marketing campaigns for customers including Sony Pictures, CBS, Major League Baseball Advanced Media, Warner Music Group, Reuters, GQ, Virgin Mobile Canada and Telus Mobility