VeriSign Expands Commitment in European Market
Thursday June 24, 5:00 am ET
Establishment of MSS SOC and Direct Selling Presence in French and Nordic Markets Highlight Recent Moves to Solidify Presence in Europe
MOUNTAIN VIEW, Calif. and GENEVA, June 24 /PRNewswire-FirstCall/ -- VeriSign, Inc. (Nasdaq: VRSN - News), the leading provider of critical infrastructure services for Internet and telecommunications networks, today announced a series of moves that strengthen the company's European footprint. These moves include the opening of a dedicated Security Operations Center (SOC) in Geneva, Switzerland to serve the company's European Managed Security Services (MSS) customers, and establishment of direct-selling presences in both the French and Nordic markets. These actions complement VeriSign's existing European operations in Switzerland, England, Germany, and Spain, and are part of a series of planned activities that will enable European businesses to take full advantage of VeriSign's services in the coming years.
The opening of a European SOC provides VeriSign's MSS customers with 24x7x365 SLA support, in the same European time zone, in English, German, French, and Spanish. VeriSign's SOC staff will monitor the operation and status of MSS customers' security devices, including vulnerability scanners, intrusion detection systems and firewalls. VeriSign correlates and analyzes this information with intelligence derived from its operation of critical infrastructure services, including two of the Internet root servers and the registry for .com and .net. This intelligence provides customers with timely information regarding security threats and other malicious activity, enabling them to take proactive action to protect mission-critical data.
VeriSign's expansion in Europe is further strengthened through the addition of SSL customers in France, Austria, Switzerland, Finland, Norway, Sweden and Denmark. Customers in these regions can now benefit by working with the recognized leader in providing SSL certificates for securing online transactions.
"The opening of a European SOC, coupled with our new direct presence in France and several Nordic countries, illustrates how VeriSign is solidifying its position as a leading global provider of critical infrastructure services for businesses, regardless of size," said Francois Stieger, senior vice president, VeriSign EMEA. "With our SOC, VeriSign can offer European businesses the full suite of Intelligence and Control Services(SM) for Network Security, giving them insight into security trends not only within their corporate walls, but also across the Internet that VeriSign gains by having the largest breadth of service and devices under management. This, in turn, will allow them to more effectively react to the growing number of threats affecting enterprises today."
In another recent European expansion move, VeriSign acquired Jamba!, based in Berlin, Germany, to enhance its portfolio of Intelligent Communications, Content and Commerce(SM) services. Jamba! is the leading provider of digital content mediation in the European market, providing a robust platform and services for wireless subscribers. By adding Jamba!'s capabilities into its existing communication services platforms, VeriSign expects to be able to offer carriers a comprehensive wireless data utility that covers all aspects of the mobile content value chain. Jamba! has a presence in nine countries and brings new market opportunities for the full portfolio of VeriSign services.
VeriSign, Inc. delivers critical infrastructure services that make the Internet and telecommunications networks more intelligent, reliable, and secure. Every day VeriSign helps thousands of businesses and millions of consumers connect, communicate, and transact with confidence. Additional news and information about the company is available at http://www.verisign.com .
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 ability of VeriSign to successfully develop and market new services and customer acceptance of any new services; the risk that VeriSign's announced strategic relationships may not result in additional products, services, customers and revenues; 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, 2003 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.