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Global intelligent infrastructure provider opens office in Dubai
Neil Batstone appointed as Territory Manager for the Middle East
DUBAI, UNITED ARAB EMIRATES, January 10, 2006 - VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure for the networked world, today announced the opening of its first office in the Middle East and the appointment of Neil Batstone as Territory Manager. In light of the 480% percent increase in Internet usage in the region since 2000(1), VeriSign has established a local presence to enable and protect interactions across voice and data networks in the Middle East, while improving service to its existing customers in the region previously serviced from VeriSign’s EMEA headquarters in Geneva, Switzerland.
Batstone, with over five years experience working in the Middle East and ten years in the security and telecommunications industry, is building a team of local sales and technical support staff. VeriSign expects staffing levels to ramp up quickly as the Dubai operation grows to meet increasing regional customer demand.
Simon Church, Vice President of VeriSign EMEA, said, “In the Middle East, consumers are increasingly demanding new services and applications that connect them to the information and content they want at any time, from anywhere and on any device. In addition, companies throughout the region are relying on the Internet more and more to conduct and grow their businesses. VeriSign is looking forward to providing our intelligent infrastructure services to help Middle Eastern companies achieve these business priorities.”
VeriSign is rapidly expanding its Middle East customer base as demand has increased for its services. The company already has many strong regional relationships, particularly in the banking and telecommunications sectors, including mobile telephone operator MTC.
Batstone commented, “With regional mobile and internet usage set to grow exponentially, the Middle East is one of the most exciting regions in which to be doing business. Companies will be looking to deliver innovative communications services and secure their intelligent infrastructures. We are excited to provide VeriSign’s world-class services to the region.”
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About VeriSign
VeriSign Inc (NASDAQ: VRSN) operates intelligent infrastructure that
enables and protects billions of interactions every day for the networked
world. Additional news and information about the company is available
at www.verisign.com.
For More Information
VeriSign Media Relations: Victoria Henry, vhenry@verisign.com,
+44 20 8699 0723
VeriSign Investor Relations: Nancy Fazioli, ir@verisign.com,
650-426-5146
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 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, 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, 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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