New Delhi, October 5, 2009 – VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced its reseller partnership with Sri Lanka’s premier technology solutions provider, Millennium Information Technologies Ltd (MillenniumIT), to provide businesses in Sri Lanka with comprehensive and secure e-commerce solutions. Under the terms of the agreement, MillenniumIT will provide customers across Sri Lanka with VeriSign® Secure Sockets Layer (SSL) Certificates to help protect e-commerce interactions online.
The partnership makes MillenniumIT the first authorised Sri Lankan reseller partner of VeriSign SSL Certificates. The partnership will also significantly reduce the cost of purchasing SSL Certificates for businesses in Sri Lanka. The accessibility of VeriSign SSL Certificates directly within the country will also make it easier for Sri Lankan companies to provide the highest standard of online security for their local and foreign clientele.
"With the growing Internet penetration in Sri Lanka, there is a growing need for a secure Web environment where users can feel assured their online transactions are safe," said Dr. Shekhar Kirani, Country Manager, VeriSign India. "The partnership with MillenniumIT will help establish this higher degree of trust by providing a safer online experience. We are pleased to join hands with a reseller partner who shares our security vision and has the capability to deliver effectively to the market."
VeriSign recently achieved the milestone of issuing more than 4 million SSL Certificates to businesses globally. The company has deployed more than 12,000 EV SSL Certificates, making VeriSign the market leader with a 74 percent share of the EV SSL market. And every day, VeriSign conducts up to 1 billion Online Certificate Status Protocol (OCSP) checks – the most timely and efficient way for Web browsers to determine whether an SSL or user certificate is still valid or has been revoked and a key indicator of secure sessions initiated using VeriSign SSL Certificates.
"Online security and the need for protection of confidential data is imperative for businesses that thrive in the online medium," said Rahal Jayawardene, Head of Security Business at Millennium Information Technologies Ltd. By offering market leading VeriSign technology at an affordable price to Sri Lanka, we will have the opportunity to establish practices that offer the safest possible experience to Web users."
VeriSign's SSL Certificates complement MillenniumIT’s technology solutions services, particularly, its focus on IT architecture. The Information Security division of MillenniumIT is a dedicated technology unit specializing in all aspects of Information Security, especially for the financial and telecom sector.
"The strength of the VeriSign brand complemented by our strong presence in Sri Lanka’s IT industry will help to drive awareness about online security and the application of SSL encryption for online businesses across the country," added Mr. Jayawardene.
MillenniumIT is a leading Sri Lankan information technology solutions provider specialising in IT solutions for financial and telecom industries. MillenniumIT also offers information technology infrastructure and consulting services.
In the financial sector, MillenniumIT has developed its own brand capital market systems that are deployed in over 15 locations, including the American Stock Exchange, ICAP and the London Metal Exchange. MillenniumIT’s capital market products include Millennium Exchange (multi asset class trading platform), Millennium SOR (smart order router), Millennium Surveillance (market surveillance and regulatory compliance) and Millennium CSD (central securities depository).
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/in/