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Financial institutions will be among the first to benefit from transition to end-to-end VoIP
MOUNTAIN VIEW, CA. - April 11, 2005 - VeriSign, Inc. (Nasdaq: VRSN), a leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced that a specialized version of its Managed VoIP service, PBX IP Connect, is available for trial by companies in the financial services industry, enabling financial services institutions, buyers and sellers to interconnect their “Ringdown” voice networks over Internet Protocol (IP). Previously, enterprises routing Ringdown traffic were limited to the use of the Public Switched Telephone Networks (PSTN), restricting use of rich media services and applications between enterprises and incurring higher telecommunications costs.
VeriSign® PBX IP Connect service bridges disparate enterprise VoIP networks and legacy systems to centralize voice and data management, and may help reduce costs, and allow service providers to offer an expanded selection of value-added services to enterprises. VeriSign intends to make available to VoIP providers the ability to offer end-to-end multimedia services to enterprises while resolving network security, interoperability and inter-domain routing challenges. Additionally, Verisign PBX IP Connect, version 0.1 met the Cisco AVVID (Architecture for Voice and Video Integrated Data) Partner Program test criteria for interoperability with the Cisco CallManager 4.0(2).
“As the IP PBX infrastructure grows, enterprises require service providers that can interconnect disparate VoIP networks securely and reliably,” said Vernon Irvin, executive vice president of VeriSign Communications Services. “VeriSign’s PBX IP Connect will help enable carriers to offer a suite of IP-based Intelligent Network applications to enterprise customers, giving them the true end-to-end VoIP experience without the added costs of routing through the PSTN.”
VeriSign also announced the first alliance partner to develop a VoIP-based Trader Voice service. KGM Circuit Solutions, a provider of managed private line services, will utilize the VeriSign service for its financial services customers.
“The VeriSign solution will help us provide the foundation for a new set of services, including video and collaboration applications,” said Kevin Gurl, principal at KGM Circuit Solutions. “As a managed services company, we are excited about offering these innovative solutions to our existing customer base. Today, KGM Circuit Solutions provides management of private line services for many of the top-tier financial organizations, who are increasingly migrating key applications to their IP network infrastructure. Our market presence, combined with this partner alliance will help financial services customers to quickly see the value of the end-to-end IP capabilities offered via the VeriSign solution.”
VeriSign joined the Cisco Architecture for Voice, Video and Integrated Data (AVVID) Partner Program as an IP Telephony participant. Through participation in the AVVID Partner Program, VeriSign PBX IP Connect, version 0.1 may help service providers to accelerate the deployment of new inter-enterprise IP services and expand their VoIP portfolio by delivering rich media features, such as point-to-point video between enterprises, in a secure and reliable manner.
The Cisco AVVID Partner Program sets criteria for interoperability testing by independent third parties and enables leading product and services firms to deploy innovative business solutions. The program provides enterprise customers with information regarding Cisco AVVID partner products and services that an independent testing facility has tested and found to interoperate with Cisco networking technology.
“Cisco supports open, standards-based architectures and shares a commitment to interoperable solutions with Verisign. Through this vision, the Cisco AVVID Partner Program delivers the power of choice to enterprises, and the ability to extend the Cisco end-to-end architecture with our participants’ solid products and technologies,” said Hank Lambert, director product management, IP Communications Business Unit. “With Cisco AVVID partner offerings such as Verisign PBX IP Connect, version 0.1, customers can deploy a broad range of business solutions that foster innovation and drive rapid adoption of business-critical technologies.”
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable businesses and individuals to find, connect, secure,
and transact across today’s complex, global networks. Additional news
and information about the company is available at www.verisign.com.
Trademarks
VeriSign, and other trademarks, service marks, and logos are registered
or unregistered marks of VeriSign and its subsidiaries in the United
States and in foreign countries.
Copyright © 2005 VeriSign, Inc. All rights reserved.
About KGM Circuit Solutions
KGM Circuit Solutions is an industry-leading provider of point-to-point
bandwidth and private line services for the financial markets. Our solutions
deliver immediate connectivity and consistently high-quality voice trader
lines – a critical tool for traders and brokers. Services include: VoIP-based
trader Voice services; Private Line DS0, DS1 and DS3; Hoot n Holler;
Virtual Private Lines; Metro Private Line DS3 service (point-to-point
and point-to-multipoint); and Domestic and International specialized
voice and data services. For more information, please visit kgmckts.com.
For more information, contact:
VeriSign Media Relations: Leslie Rubin, lrubin@verisign.com,
650-426-5363
VeriSign Investor Relations: Tom McCallum,
tmccallum@verisign.com, 650-426-3744
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 PBX IP Connect; the possibility that VeriSign’s announced new services may not result in additional customers, profits or revenues; the possibility that VeriSign’s announced strategic relationships, including the relationships 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, 2004 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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