Based on VeriSign's closing stock price of $38.30 per share Sept. 21, the value of the transaction is about $1.2 billion.
About VeriSign
Mission: Leader in providing digital trust services such as Web identity, authentication and payments
Headquarters: Based in Mountain View, Calif., with some operations in Northern Virginia
Employees: About 2,300
Revenue: $815 million for past four fiscal quarters.
Key fact: Exclusive .com, .net, .org infrastructure that handles 5.4 billion Domain Name System look-ups a day.
It has 3,330 enterprise customers, 6.5 million domain name customers, 102,000 Web site certificate customers, and more than 50,000 merchants.
Web site: www.verisign.com
About Illuminet
Leading provider of SS7 network connectivity and intelligent network services to telecommunications carriers.
Headquarters: 4501 Intelco Loop S.E., Lacey, with offices in Overland Park, Kan.
Employees: About 500.
Revenue: $174 million for past four quarters
Key facts: 32 million customer names in database; 24 million calling name records; 22 percent of U.S. local number portability service; handles 4 billion resolutions per week
Web site: www.illuminet.com
Combined services of the two companies
Expands VeriSign's digital trust services portfolio to include telephony services:
- Web identity services
- Authentication services
- Payment services
Accelerates the introduction of new services for carriers such as:
- Local number portability
- Voice Over IP bridging
- Secure short messaging
Enables VeriSign to deliver data-voice offerings such as:
- WebNum, a navigation service that enables wireless phones to link specific numbers directly to Internet domain names
- Services using ENUM, which combines phone numbers and domain names to create one contact point for businesses and individuals.
- Global Voice Registry Service, which enable callers to reach a business simply by speaking the company's name.