September 10, 2008
VeriSign Unveils New Mobile Media Enablement Solution for Social Networking
CTIA WIRELESS I.T. & ENTERTAINMENT -- Staying connected with social networking destinations while on the go just got easier. VeriSign Messaging and Mobile Media, a division of VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced the release of VeriSign(R) Xoomerang, its carrier-based mobile media enablement solution. Designed to satisfy the fast-growing number of mobile consumers who utilize online social networking and media destinations, Xoomerang allows users to view, publish, and interact with online destinations through easy-to-use interfaces.
"Social networking is positioned to be the next big opportunity for the wireless industry, but to unlock its full potential today requires not only improvements in the mobile user experience but also solutions that leverage the existing operator infrastructure," said Warren Faleiro, vice president, Multimedia Applications for VeriSign's Messaging and Mobile Media division. "Using Xoomerang, wireless operators can immediately connect their subscribers to a host of destinations while also providing an enhanced user experience."
YouTube, the world's most popular online video community, is among the many online destinations available via Xoomerang. VeriSign will enable users to easily upload and share video clips on YouTube's site through their mobile devices.
The release of Xoomerang coincides with online social networking's staggering growth worldwide and its expected migration to the mobile ecosystem. According to estimates by Gartner, Inc.(1), about 180 million mobile users worldwide in 2008 use some form of mobile social networking service weekly, that is about six percent of the total base. More significantly, Gartner says, adoption will increase to more than 800 million by 2012.
According to Julie Ask, research director for JupiterResearch in their recently published Mobile Social Networking report(2), a confluence of events, ranging from 3G ubiquity, to teens and young adults increasingly focusing on social networks for online communications, is fundamentally altering consumer expectations of cellular services. Social networks hold the potential to be a killer application for cell phones. To drive wireless use, carriers must provide a solution that simplifies the posting of content to social media and networking sites and the user experience once the application is on the phone.
Xoomerang's Media Interexchange catalog management tool allows carriers to program pre-integrated destination sites available to users from a master catalog of connected sites and to configure custom places. Users can then personalize their account by choosing favorite destinations from either a handset or on the Web. As new destinations are added to the catalog, subscribers are automatically alerted both on the Internet and by text message.
About VeriSign Messaging and Mobile Media
VeriSign Messaging and Mobile Media is a division of VeriSign the trusted provider of Internet infrastructure services for the networked world. Through this business unit, VeriSign provides global application services that reliably delivers short-messages (SMS), multimedia messages (MMS), and mobile content across any wireless operator and mobile device throughout the world. As a leader in mobile messaging, mobile banking and mobile content delivery, VeriSign offers a broad portfolio of mobile infrastructure and delivery services. Offering reliable delivery, a worldwide presence, and rapid and effective deployment, VeriSign has built a trusted and respected brand with global mobile operators, media content providers and enterprises. The reach, reliability and value add of VeriSign services enable these companies to capitalize on the rapidly growing messaging and media content markets.
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.verisign.com.
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
(1) Source: Gartner, Inc. "The Emerging Market of Mobile Social Networks Offers New Business Opportunities," August 11, 2008, by Monica Basso
(2) Source: JupiterResearch "Mobile Social Networking," August 2008, by Julie Ask
SOURCE: VeriSign, Inc.