Global Crossing and VeriSign Partner to Offer
Managed Security Services
- Extends Global Crossing’s
unprecedented core network security to the customer premise.
- Enhances Global
Crossing’s converged IP services portfolio.
- Utilizes VeriSign’s
industry-leading 24x7x365 Managed Security Services to deliver best-in-class
customer security solution.
Florham Park, NJ and Mountain View, CA – June
13, 2005 -- Global Crossing (NASDAQ: GLBC) and VeriSign, (NASDAQ:
VRSN) -- the leading provider of intelligent infrastructure services
for the Internet and telecommunications networks -- today announced
they will together offer seamless, advanced security solutions to business
and government customers worldwide.
The relationship leverages Global Crossing Managed
Security Services™ and VeriSign Managed Security Services to deliver
secure critical converged communications, enhancing reliability and
performance for their customers.
“By combining the strengths of Global Crossing and
VeriSign, we’ve created a peerless, comprehensive IP network solution
for customers who are faced with the challenge of securing a complex
networking environment in a cost-effective way,” said Anthony Christie,
Global Crossing’s chief marketing officer. “This offer extends security
from our core to the edge and adds a key capability to our industry-leading
converged IP offer.”
Available today, Global Crossing Managed Security
Services provide proactive monitoring and management of firewall and
intrusion detection systems, 24 hours a day and seven days a week. Additional
features, including managed vulnerability alerts, incident response/forensics,
phishing response, e-mail security and consulting, will be available
over the coming months, creating a comprehensive security solution for
enterprise and government customers.
“VeriSign is pleased to be Global Crossing’s partner
for Managed Security, to provide scalable, reliable information security
to converged enterprise customers under the Global Crossing Managed
Security Services umbrella,” said Chris Babel, VeriSign’s vice president
for managed security services. “Utilizing VeriSign’s services,
Global Crossing’s customers will benefit from our expertise in managing
the largest breadth of devices in the industry, and from the unique
intelligence we gather from operating core Internet technologies.”
"Security is top of mind for IT and network managers.
Security accounts for as much as 30 percent of an enterprise’s total
IT budget," stated Bryan Van Dussen, director telecommunications
strategies at The Yankee Group. "Combining Global Crossing's stringent
levels of security in its core network with VeriSign's best-in-class
security services at the network edge provides the enterprise market
with an attractive alternative for a managed security solution."
Global Crossing’s strategy to provide “defense in
depth” is based on multiple, independent and interlinking layers of
security that provide highly secure network environments to customers.
The company is bound by a precedent-setting Network Security Agreement
with the Department of Homeland Security, Department of Defense, Department
of Justice, and the Federal Bureau of Investigation to support law enforcement
and national security objectives. In addition, Global Crossing
is also cleared to handle sensitive traffic for the UK government.
Global Crossing secures its converged IP network through
physical and logical separation, between the public and private IP space.
The company has also instituted a comprehensive set of proactive policies
and monitoring services to detect and prevent Denial of Service attacks.
Finally, Global Crossing's Acceptable Use Policy (AUP) is designed to
secure the company's network by explicitly forbidding spamming activities
and removing purveyors of malicious traffic.
Global Crossing's Converged IP Service™ is the platform
of choice for enterprises around the world. The secure, flexible service
is backed by industry-leading Service Level Agreements (SLAs) for guaranteed
performance, and provides a seamless path to an all-IP environment.
Delivered over the company’s multi-service IP VPN platform, the service
allows for convergence of voice, video, data and other corporate applications
over a single connection, worldwide. Global Crossing's IP knowledge
center, located at www.ipknowledgecenter.com
provides further details on the features and benefits of IP convergence.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions
over the world's first integrated global IP-based network. Its
core network connects more than 300 cities and 30 countries worldwide,
and delivers services to more than 500 major cities, 50 countries and
6 continents around the globe. The company’s global sales and
support model matches the network footprint and, like the network, delivers
a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking
the world’s enterprises, governments and carriers with customers, employees
and partners worldwide in a secure environment that is ideally suited
for IP-based business applications, allowing e-commerce to thrive.
The company offers a full range of managed data and voice products including
Global Crossing IP VPN Service, Global Crossing Managed Services and
Global Crossing VoIP Services, to more than 40 percent of the Fortune
500, as well as 700 carriers, mobile operators and ISPs.
Please visit http://www.globalcrossing.com
for more information about Global Crossing.
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 http://www.verisign.com/
Statements made
in this press release that state Global Crossing’s intentions, beliefs,
expectations, or predictions for the future are forward-looking statements.
These statements contain words such as “anticipate,” “estimate,” “expect,”
“project,” “intend,” “plan,” “believe,” “will,” “seek,” or similar expressions.
Such statements are subject to known and unknown risks, uncertainties
and other factors that could cause the actual results to differ materially
from those contemplated by the statements, including the conditioning
of the company’s continued listing on the NASDAQ National Market on
its timely filing with the SEC of all periodic reports for all reporting
periods ending on or prior to September 30, 2005; the company’s history
of substantial operating losses and the fact that, in the near term,
funds from operations will not satisfy cash requirements; legal and
contractual restrictions on the payment of dividends and the inter-company
transfer of funds by the company's subsidiaries, including restrictions
under the senior secured notes indenture applicable to Global Crossing
(UK) Telecommunications Limited (“GCUK”); the likelihood that the prices
the company charges for its services will continue to decrease; the
company’s ability to continue to connect its network to incumbent carriers’
networks or maintain Internet peering arrangements on favorable terms;
the success of the company’s business realignment plan and the realization
of anticipated cost savings; the consequences of any inadvertent violation
of the company’s Network Security Agreement with the U.S. Government;
the impact of actual and potential customers’ bankruptcies on the company’s
sales prospects and results of operations; increased competition and
pricing pressures resulting from technology advances and regulatory
changes; competitive disadvantages relative to competitors with superior
resources; the impact on the company’s competitiveness of its technology
choices; the company’s dependence on third parties for many functions;
political, legal and other risks due to the company’s substantial international
operations; risks arising out of the company’s material weaknesses in
internal controls and possible difficulties and delays in improving
such controls; the concentration of GCUK’s revenue in a limited number
of customers, and the rights of such customers to terminate their contracts
or to simply cease purchasing services thereunder; and other risks referenced
from time to time in the company’s filings with the Securities and Exchange
Commission. The company undertakes no duty to update information contained
in this press release or in other public disclosures at any time.
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
strategic relationships, including the relationship 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.
CONTACT GLOBAL CROSSING:
Press Contact
Tom Topalian
+1 973-937-0154
PR@globalcrossing.com
Analysts/Investors Contact
Laurinda Pang
+ 1 800-836-0342
glbc@globalcrossing.com
CONTACT VERISIGN:
Press Contact
Brendan Lewis
+1 650-426-4470
brlewis@verisign.com
Investors Contact
Tom McCallum
+1 650-426-3744
tmccallum@verisign.com
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