Mobile Messaging Numbers Continue to Skyrocket, VeriSign Reports
MOUNTAIN VIEW, CA (Marketwire) - VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, announced today another record-breaking quarter for mobile messaging, based on the latest quarterly index of mobile messaging statistics compiled by VeriSign's Messaging and Mobile Media division.
Through June 30, 2008, VeriSign's combined mobile messaging networks delivered 95.4 billion Inter-carrier Short Message Service (ICSMS) messages in the calendar year, eclipsing the previous record for text messages in the first half of any year. VeriSign's network also set a single-day record by enabling 648 million texts over a 24-hour period and a one-hour record of 42 million messages.
All told, VeriSign's combined mobile messaging networks enabled more than 52 billion messages in Q2 2008, up more than 20 percent from the previous quarter. VeriSign facilitated an average of approximately 572 million messages per day in Q2 2008, compared to approximately 476 million messages per day in Q1 2008 and approximately 230 million messages per day in Q2 2007. These record-breaking numbers provide additional evidence to support VeriSign's projection earlier this year that its combined mobile messaging networks will enable close to 200 billion total messages worth more than $7 billion in revenue to VeriSign customers by the end of the year.
"As mobile messaging usage continues to grow at a rapid pace, consumers and operators are demanding secure and reliable delivery of their messages. VeriSign continues to raise the bar by providing unparalleled service and delivery at scale with 99.999-plus percent availability in the past 18 months and 100 percent availability for the last nine months," said Charles Landry, vice president and general manager, Products and Innovation, for VeriSign's Messaging and Mobile Media division. "This is critical, because as texting traffic will only continue to grow, service providers and end users will need a network that they can count on."
VeriSign offers one of the most robust, scalable and reliable mobile messaging delivery engines in the world, connecting to more than 600 carriers and reaching more than 2.4 billion wireless subscribers across carrier, enterprise, and media/entertainment networks. VeriSign's combined mobile messaging networks power inter-carrier mobile messaging for seven of the top ten wireless carriers in North America and many other major operators throughout the world. The network generates billions of dollars in revenue for its customers.
Application to person messages (A2P), such as news alerts, ring tones, promotional video clips, and enterprise messages sent to mobile users, also rose sharply in Q2 2008, from approximately 186 million messages in Q1 2008 to approximately 249 million messages in Q2 2008, an increase of close to 33 percent. Contributing to this growth were increases in the steady adoption of mobile banking services by VeriSign's customers, including 7 of the top 10 banks in the United States and a 30 percent increase in traffic volumes for standard and premium A2P traffic messages carried in Europe.
To view the full index, please visit https://www.verisign.com/static/044155.pdf.
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.