Veteran Internet Leader Brings Strong Operating Experience and Track-Record
in Growing Infrastructure Businesses
Mountain View, California, April 27, 2001 - VeriSign, Inc.
(NASDAQ: VRSN), the leading provider of Internet trust services, today
announced that it has appointed veteran Internet executive Herb Hribar
as Executive Vice President and General Manager of VeriSign's Global
Registry Services group. Hribar, formerly CEO of Interliant, will join
VeriSign to lead the expansion of service offerings from the company's
globally deployed registration and resolution infrastructure that currently
supports the Internet's Domain Name System (DNS). Hribar will oversee
development, operations and business development of new and existing
services at the Global Registry. This global infrastructure, based on
an authoritative database of domain names, is critical to the routing
and resolution of domain names globally, and will serve as the basis
for new VeriSign offerings in the future.
"Herb's leadership, vision and extensive Internet
business experience makes him an invaluable addition to our senior management
team," said Stratton Sclavos, president and CEO of VeriSign. "Our
rapid growth demanded that we recruit an aggressive, experienced leader
to oversee the VeriSign Global Registry. Herb brings a significant background
in managing network businesses and intimate Internet knowledge that
we hope to leverage as we build out the Internet's most trusted utility."
"I am delighted to join the strongest Internet
infrastructure company in the world," said Hribar. "Everyday
VeriSign's Global Registry business makes the Internet work and come
alive for businesses and consumers worldwide, and I look forward to
applying my background to help implement the VeriSign mission of enabling
everyone, everywhere to use the Internet with absolute confidence."
Hribar joins VeriSign after an extensive executive
career with some of the world's leading Internet and telecommunications
companies. Immediately before joining VeriSign, Hribar was the CEO and
president at Interliant, Inc, a leading publicly traded Internet application
service provider. Prior to Interliant, Hribar was the president and
COO of Verio Inc., president of Ameritech Cellular Services, Vice President
of Sprint and Sprint International and also a Vice President at GTE
Telenet.
About VeriSign
VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of trusted infrastructure
services to Web sites, enterprises, electronic commerce service providers
and individuals. The Company's domain name, digital certificate and
payment services provide the critical web identity, authentication and
transaction infrastructure that online businesses require to conduct
secure e-commerce and communications. VeriSign's services are available
through its Web site (www.verisign.com)
or through its direct sales force and reseller partners around the world.
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,
VeriSign's limited operating history under its current business structure,
uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results, increased competition, risks associated
with the company's international business and risks related to potential
security breaches. 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, especially in the
company's Annual Report on Form 10-K for the year ended December 31,
2000. VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
VeriSign is a registered trademark of VeriSign,
Inc. Other names may be trademarks of their respective owners.
Worldwide Sites
