VeriSign, Inc., the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced the successful completion of its acquisition of Berlin, Germany-based Jamba! AG, a leading European provider of wireless content services.

VeriSign announced a definitive agreement to acquire Jamba! on May 24th. Under the terms of the agreement, VeriSign paid approximately $273 million for Jamba!, with the final consideration consisting of 65% cash, and 35% stock. The acquisition will be treated as a purchase transaction. VeriSign will maintain Jamba!'s office in Berlin, gaining approximately 300 full-time employees.

"The acquisition is an extension of VeriSign's Communications Services Intelligent Communication, Commerce, and Content (IC3) strategy, which provides carriers with the intelligent infrastructure services they need to help their customers find, connect, secure, and transact over any network, anywhere, said Vernon Irvin, executive vice president, VeriSign Communications Services. "It also supports VeriSign Communications Services growth initiatives to expand its portfolio of wireless services and to further penetrate Tier 1 carriers and international markets."

By adding Jamba!'s capabilities into its existing communication services platforms, VeriSign expects to be able to offer carriers a comprehensive wireless data utility that covers all aspects of the mobile content value chain. Functionality will include content on-boarding, aggregation, formatting, mediation, and a variety of billing and payment services.

Oliver and Marc Samwer, the founders and managing directors of Jamba, will now report to Mahi deSilva, senior vice president of the wireless business unit for VeriSign Communications Services. VeriSign will provide further guidance on the expected contribution from Jamba! on its Q2 earnings call.

About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), delivers critical infrastructure services that make the Internet and telecommunications networks more intelligent, reliable, and secure. Every day VeriSign helps thousands of businesses and millions of consumers connect, communicate, and transact with confidence. Additional news and information about the company is available at http://www.verisign.com.