Major South Korean Carrier Selects VeriSign for Mobile Media and Messaging Gateway Services
MOUNTAIN VIEW, CA (Marketwire) - SK telink, an international telecommunications carrier in South Korea and a subsidiary of SK Telecom, has selected VeriSign Messaging and Mobile Media, a division of VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, as its provider of Open Connectivity Short Message Services (OCSMS), VeriSign announced today. The agreement, which expands VeriSign's leadership in SMS services in the Asian market, creates an important new partnership for the VeriSign Open Connectivity gateway — one that will broaden VeriSign's SMS reach by roughly 45 million of all mobile subscribers in Korea.
By selecting the VeriSign gateway, SK telink becomes part of an OCSMS platform that already connects 600-plus carriers in more than 150 countries and more than 2.4 billion subscribers worldwide. Through VeriSign® OCSMS, SK telink will be able to exchange inter-carrier person to person text messages globally, across wireless carriers and devices, on a highly reliable network. VeriSign OCSMS may enable mobile carriers to increase reach and revenues while reducing the operating costs typically associated with establishing operator agreements, negotiating contracts, and managing billing relationships.
SK telink's international SMS customers, which account for about 70 percent of market share in the international inter-carrier SMS of the 3 major mobile carriers in South Korea, will now be able to send and receive inter-carrier messages to more mobile subscribers globally.
"Mobile messaging is not a regional phenomenon, but a global one," said Seonggyun Hong, vice president of SK telink. "Now through VeriSign OCSMS, we've connected our customers seamlessly to billions of people worldwide. The opportunities for communication, e-commerce, and collaboration are endless and VeriSign will provide those opportunities with reliability, heritage, and expertise."
VeriSign has been actively growing its reach in Asia. The relationship with SK telink and the launch of 30 new customers in the last two quarters to VeriSign OCSMS, including Bayan Telecommunications of the Philippines (July 2008), are testimony to VeriSign's growing leadership in SMS services in Asia and worldwide.
"As a premier carrier in one of the world's most active mobile countries, SK telink has tremendous opportunities to increase revenues by extending their reach via the VeriSign gateway," said Charles Landry, vice president and general manager of VeriSign Messaging and Mobile Media. "SK telink already has the expertise and strong brand recognition a carrier needs to make inroads in SMS. Our gateway provides the missing ingredient: access to a robust, reliable network that provides a great customer experience."
VeriSign was among the first vendors to successfully meet the compliance criteria for Open Connectivity SMS Hubbing Solutions as defined by the GSMA, the operator-led trade association representing the global mobile industry. The VeriSign OCSMS platform supports both IP and SS7 transport mediums to provide the flexibility for operators to exchange messages through a single connection to VeriSign.
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 deliver 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.