The Alliance enhances WestCom's existing voice and data network by embedding VeriSign's advanced routing and security technologies into the network. The companies will work together to create next-generation solutions supported by the VeriSign Network Routing Directory (NRD) to offer portal-based trader line mobility and other enhanced applications that help meet the demanding standards of the financial services community for secure, real-time communications.
"WestCom has built one of the largest private any-to-any business communities in the world, connecting tens of thousands of traders located in 30 countries," said Alexander Russo, CEO of WestCom. "Our customers recognize the power and efficiency of converged communications, but impose exacting standards of reliability and security. VeriSign operates one of the world's most trusted, intelligent infrastructures and is, therefore, an ideal partner to deliver advanced IP services to our customers."
"Financial services firms demand always on communications," said Bill Wolfe, senior vice president, VeriSign Communications Services. "WestCom has distinguished itself as a leader in this mission-critical space. Together, we will leverage their experience and understanding of this market segment to help deploy new voice and data services over IP to one of the largest assembled communities of financial services firms in the world."
The companies will offer a suite of advanced IP Connect services, including off-trading floor and BCP-IP functionality, as well as virtual private line access to Emerging Markets. The companies plan to expand this suite to include IP-PBX integration, secure messaging, content distribution, and desktop video services.
WestCom is the world's largest trader voice services provider, delivering voice and data solutions to the financial industry. WestCom operates a global private network enabling members to turn up new services in less than 24 hours. For more information, please visit www.westcom.com.
VeriSign, Inc. (
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. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the risk that VeriSign's announced strategic relationships, including the relationship described herein, may not result in additional products, services, customers, profits or revenues; and increased competition and pricing pressures. 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, 2005 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.