VeriSign Celebrates Tenth Anniversary
Company Intends to Continue on Path to Build and Operate Intelligent
Infrastructure Services that Become Indispensable to Society
MOUNTAIN VIEW, CA. – April 12, 2005 - VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today celebrates its tenth
year in business.
Since the company’s inception in April 1995, VeriSign
has had a singular mission: to enable and protect electronic interactions
on the Internet and voice networks. From its roots in Internet security
and authentication, VeriSign has continued to expand its portfolio of
intelligent infrastructure services to address the accelerating revolution
in digital communications, commerce and content.
VeriSign began with 4 employees, modest venture capital
funding and the mission to provide digital credentials that would enable
website authentication and secure communications in the early days of
e-commerce. After establishing several strategic partnerships
and a leadership position in the market, the company completed a successful
initial public offering in February 1998. Today, VeriSign is a
member of the NASDAQ 100, achieving approximately $1.2 billion in revenues
in 2004, and employing more than 3,700 employees in 45 offices globally.
“We’re proud of the company’s accomplishments over
our first ten years as we believe we’ve helped the world begin its migration
to a digital economy and society,” said Stratton Sclavos, Chairman and
Chief Executive Officer, VeriSign. “That being said, there’s more work
to do and our employees are as excited and passionate as ever about
continuing on our journey in our second decade as a company. The
management team and our Board of Directors are grateful to our customers,
shareholders and employees for their support.”
VeriSign’s Intelligent Infrastructure services enable
businesses and people to find, connect, secure and transact across today’s
complex global networks. Each day, VeriSign enables more than
14 billion Internet interactions, 3 billion telephony signals, $100
million of e-commerce transactions and the delivery of over 10 million
wireless text and content messages. The company also provides
services that secure more than 3,000 global enterprises and 450,000
Web sites.
“The key to success for VeriSign has been its ability
to keep up with the growth and convergence of technology,” said Jim
Bidzos, VeriSign Founder and Vice Chairman. “As new markets emerge,
VeriSign will be there to provide the intelligent infrastructure services
that deliver the necessary scale, security and reliability.”
The company has announced plans to continue to expand
its Intelligent Infrastructure services portfolio with innovative solutions
for the emerging RFID, VoIP and broadband entertainment markets.
In commemoration of VeriSign’s tenth anniversary,
employee and customer events will be held at VeriSign facilities around
the world. For more information on VeriSign’s growth, please go
to: http://www.verisign.com/10years
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.
For more information, contact:
VeriSign Media Relations: Brian O’Shaughnessy, boshaughnessy@verisign.com,
650-426-5270
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; 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, 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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