VeriSign Positioned in the Leaders Quadrant
for 1H07
North America Managed Security Service Provider Magic Quadrant
Mountain View, Calif. – August 6, 2007 – VeriSign, Inc., (NASDAQ:
VRSN), the leading provider of digital infrastructure for the networked
world, today announced it has been positioned by Gartner, Inc.
in the Leaders quadrant in the “Magic Quadrant for Managed Security
Service Providers (MSSPs), North America, 1H07” report.1 A full
copy of the report is available at: www.verisign.com/dm/gartner-mssp.
“Today’s ongoing security threats are a moving target,
and the growing reliance on wireless communications and compliance mandates
adds to an organization’s risk profile,” said Charles Meyers, senior
vice president of Information, Security and Communications at VeriSign.
“Around the world, VeriSign’s customers and partners are staying ahead
of these mounting threats by relying on VeriSign® Managed Security Services,
which provide a clear view of security threats and best practices for
fast and effective remediation.”
Issued on August 1, 2007, the “Magic Quadrant for
Managed Security Services Providers, North America, 1H07” evaluated
MSSPs on their completeness of vision and ability to execute. According
to Gartner, service providers positioned in the Leaders quadrant have
significant "mind share among enterprises looking to buy an MSS
from pure-play security vendors, and they generally receive positive
reports on service and performance from Gartner clients. Vendors in
the Leaders quadrant are typically appropriate options for enterprises
requiring frequent interaction with the MSSP for analyst expertise and
advice, portal-based correlation and workflow support, and flexible
reporting options.”
“Because Managed Security Services are an essential
part of our Layered Security Solution, VeriSign is pleased that Gartner
has positioned us in the Leaders quadrant among MSSPs in North America,”
added Meyers. “We view this as validation of VeriSign’s comprehensive
approach to securing business interactions on the Internet – one that
encompasses protecting a company’s consumers, brand, Web site, and network.
Building on such MSS innovations such as our Log Management Service
and new Wireless Intrusion Prevention Service, we will work hard to
maintain our leadership position in this market.”
About the Magic Quadrant
The Magic Quadrant is copyrighted August 1, 2007 by Gartner, Inc. and
is reused with permission. The Magic Quadrant is a graphical representation
of a marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that marketplace,
as defined by Gartner. Gartner does not endorse any vendor, product
or service depicted in the Magic Quadrant, and does not advise technology
users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool,
and is not meant to be a specific guide to action. Gartner disclaims
all warranties, express or implied, with respect to this research, including
any warranties of merchantability or fitness for a particular purpose.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital 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.
Contacts
VeriSign Media Relations: Rufus Manning, rmanning@verisign.com,
703-948-4126
VeriSign Investor Relations: Ken Bond, kbond@verisign.com,
+1 650 426 3744
1. Gartner, Inc.,
"Magic Quadrant for MSSPs, North America, 1H07" by Kelly M.
Kavanagh and John Pescatore, August 1, 2007
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 risk that
VeriSign’s announced relationship, including the relationship described
herein, may not result in additional customers, profits or revenues;
and increased competition. 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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