The two companies expect to work together to integrate future versions of next generation media technologies leveraging VeriSign's Kontiki peer-to-peer technology and Adobe's award-winning Flash Video software. The combined services will allow companies to deliver customized interactive Flash Video experiences, including movies, TV shows, broadcast media, and user interface technologies. Through Adobe Flash Player, the ubiquitous cross platform client runtime installed on more than 700 million connected PCs and devices worldwide, users are able to instantly view video content. Publishers are expected to be able to lower their development, quality assurance, and customer support costs because the combined Flash/VeriSign service reduces the problems of deploying video on-demand applications across multiple platforms and browsers.
"VeriSign's global reach and leadership in intelligent infrastructure services will give content providers the ability to deliver truly innovative and more secure Flash Video experiences to the widest possible audience worldwide," said Bruce Chizen, chief executive officer at Adobe. "The ubiquity and power of Adobe Flash, combined with advanced streaming and media technologies from VeriSign, fundamentally changes how rich media content is deployed to consumers."
Adobe's Emmy award-winning Flash Video technology is profoundly impacting the way video is distributed over the Internet. Today, television shows like "Lost," "Desperate Housewives," "Grey's Anatomy" and "Friday Night Lights" are being delivered online with Flash Video, while the technology also powers the video capabilities of social networking sites such as YouTube and MySpace.
"With its technology and products reaching hundreds of millions of installations on PC and Mac platforms, Adobe has established an incredible reach on a global scale," said Stratton Sclavos, chief executive officer at VeriSign. "By combining forces, we will offer customers a simpler, more cost effective way to create, manage and distribute high-quality, long form video content, revolutionizing the creation and distribution of rich media content online."
VeriSign launched its breakthrough Intelligent CDN last month, offering content publishers the ability for the first time to combine both traditional CDN services, such as video streaming and clientless download with advanced peer to peer technology for long form content delivery. This allows media and entertainment companies to deliver the right viewer experience for every piece of content, while taking advantage of VeriSign's trusted, secure and scalable global infrastructure.
Adobe and VeriSign plan to make specific product and service introductions later in 2007.
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About Adobe Systems Incorporated
Adobe revolutionizes how the world engages with ideas and information -- anytime, anywhere and through any medium. For more information, visit www.adobe.com.
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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.