VeriSign Announces VoIP Solution for Financial
Services Industry
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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