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New Offerings Enable Creation, Delivery and Monetization of Interactive Consumer Experiences Unmatched in the Marketplace
LOS ANGELES, Sept. 13, 2006 – VeriSign, Inc., (NASDAQ: VRSN), the leading provider of intelligent infrastructure for the networked world, today announced its new Digital Content Services (DCS) platform. VeriSign has integrated its market leading intelligent applications and infrastructure into this new global solutions offering.
“By harnessing our traditional strengths in Internet and wireless infrastructure, and combining them with new expertise across mobile and broadband delivery systems, VeriSign is well positioned to help our customers deliver on the promise of the Any Era,” said Stratton Sclavos, Chief Executive Officer and Chairman of VeriSign. “As our recent announcement with News Corporation indicates, our advanced mobile and broadband services are powering the most innovative and interactive experiences for consumers around the world.”
Yesterday, VeriSign and News Corporation (NYSE: NWS) announced a joint venture to form the world’s largest direct to consumer provider of mobile entertainment. News Corp.’s Mobizzo unit and VeriSign’s wholly-owned Jamba subsidiary will combine to create the new company. VeriSign and News Corp. believe the joint venture combines the most technologically advanced platform in the category with market-leading mobile content production and delivery capabilities with an immediate capability to serve 30 territories with a potential reach of more than a billion mobile subscribers.
The new company will immediately become the largest customer for VeriSign’s Digital Content Services (DCS) platform, which specializes in providing intelligent infrastructure, applications and connectivity solutions to enable the delivery of rich content over mobile and broadband networks. Leading mobile operators, portals, media companies and consumer brands around the world leverage the DCS platform to power their interactive entertainment experiences.
“The mobile delivery space is overcrowded and ripe for consolidation,” said Roger Entner, Vice President for Wireless Development, Ovum. “VeriSign’s recent acquisitions are a logical development and for VeriSign it is another step to become the leading end-to-end provider of wired and wireless connectivity. Progressively, VeriSign’s strategy of acquiring best of breed applications is being unveiled and VeriSign is rapidly becoming the 800 pound gorilla of wireless and wireline commerce, content and connectivity. VeriSign's leadership has the vision to ensure the right pieces are there to build a dominant provider, the challenge is to make it all fit together seamlessly.”
The VeriSign Digital Content Services platform includes:
“This Digital Content Services platform brings new capabilities to VeriSign’s existing intelligent infrastructure solutions, making it possible for our customers to expand their brand and engage consumers in new and valuable ways,” said Jeff Treuhaft, senior vice president, VeriSign Communications Services. “Whether it is for interactive marketing, entertainment or business, our solutions are easily implemented, cost effective, and proven in the marketplace.”
Leading companies already using VeriSign’s DCS include Sprint, Cingular, Fox, Yahoo and eBay.
For more information on VeriSign’s digital content
offerings, please visit:
http://www.verisign.com/products-services/communications
-services/content-and-application-services/index.html
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.verisign.com
For more information, contact:
VeriSign Media Relations: Lisa Malloy, emalloy@verisign.com,
202-270-7600.
VeriSign Media Relations: Allison Flerl, aflerl@verisign.com,
650-452-4867.
Forward-Looking Statement
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 inability of the
parties to reach agreement on definitive documentation for the joint
venture or failure to close the contemplated transactions, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as increasing competition and
pricing pressure from competing services offered at prices below our
prices and market acceptance of our existing services, the inability
of VeriSign to successfully develop and market new services and the
uncertainty of whether new services as provided by VeriSign will achieve
market acceptance or result in any revenues. 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.
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