New Delhi, India, 22 October 2008 - VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced that it has partnered with leading IP communication services and solutions provider Net4 to provide businesses in India with comprehensive secure e-commerce solutions.
Under the terms of the agreement, Net4 will now provide customers across India with all VeriSign Secure Sockets Layer (SSL) solutions, including standard and Extended Validation SSL Certificates. These solutions enable secure e-commerce, communications and interactions for Web sites, intranets and extranets.
As the global leader in Internet trust services, VeriSign (including VeriSign's subsidiaries, affiliates and resellers) secures over 1 million servers, including over 95 percent of the Fortune 500 companies, over 90 percent of the Internet Retailer 500 and 96 of the world's 100 largest SSL-using banks.
"Whether businesses accept orders and credit card details online, give business partners access to an extranet or share information with employees on an intranet, they will need to protect these interactions with SSL encryption to protect confidential information and build trust," said Desi Valli, Executive Director & COO, Net4. "The strength of the VeriSign brand, combined with our dominant market share and expertise in the web services space, will help to drive awareness of this need and increase sales of VeriSign's SSL solutions in India."
VeriSign's SSL solutions complement Net4's broad range of services, particularly its Web hosting, enterprise messaging, domain name and security services. With 14 offices throughout India and STM8 connectivity to the Internet backbone, Net4 services 600 corporate data centre customers, 2,500 business VoIP customers, 75,000 hosted Web sites, 1 million corporate email accounts and 2.5 lac registered domain names. It has the reach and expertise to successfully extend VeriSign's SSL business in India.
"We expect to see significant growth in the Indian market over the next few years through our partnership with Net4," said Shekhar Kirani, vice president for VeriSign India. "We have a partner who shares our security vision and has the capability to deliver to the market."
Net4 is a leading IP Communications services and solutions company, focused on providing services to businesses. It has a PAN Indian presence, encompassing a wide array of IP solutions and services like Data Center services, Web Hosting Services, Corporate Email/Messaging solutions, VoIP services & solutions and Networking & IT Hardware products & integration.
Net4 operates 7 Internet Data Centers across the country and was the first IP Communications Company in the world to receive the prestigious IS0 27001 certification for Information Security. Net4 is an ISO 9001:2000 certified company for Quality Management systems and an ICANN and .IN accredited Domain name Registrar. More information can be found at http://www.net4.in
VeriSign 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/.
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 inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including VeriSign's Extended Validation SSL Certificates and solutions, the possibility that VeriSign's announced new services may not result in additional 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, 2006 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.
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