The company will pay 65% of the purchase price in cash, and the rest in its own stock. It will acquire 300 employees, millions of wireless subscribers in nine European countries, and billing partnerships with the likes of T-Mobile, KPN and Vodafone.
Jamba provides content services for mobile phones. This includes ringtones, games, music, graphics and applications. VeriSign also seems keen to get its hands on the underlying platform for providing this content.
The company said it will offer the services to other carriers. Functionality will include content on-boarding, aggregation, formatting, mediation, and a variety of billing and payment services, the firm said.
VeriSign reckons the deal could be incremental to its second fiscal quarter financial results depending on when the deal, which needs to be cleared by German regulators, closes. The firm expects $70m in revenue from Jamba in the second half.
