VeriSign is entering the Broadband Content Services market to provide rich digital media over IP networks. In tune with that development, it has signed a definitive agreement to acquire Kontiki, a leading provider of managed peer delivery systems for high-quality video, software and digital content.
Kontiki’s system will form the cornerstone of VeriSign’s Broadband Content Services platform to enable the delivery of rich media over broadband networks to personal computers, television sets and portable devices. The broadband delivery capabilities complement VeriSign’s Mobile Content Services infrastructure and expand the company’s Content Services portfolio.
Kontiki, based in Mountain View, CA, is privately held and has 34 employees in the United States. The acquisition price is approximately USD 62 million dollars. The transaction is being accounted for as a purchase transaction and is expected to close in the first quarter of 2006. The financial impact of the transaction will be disclosed following the closing.
VeriSign also completed the acquisition of 3united Mobile Solutions ag, for which it paid 55 million Euros.
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