VeriSign Sponsors 2005 TopCoder Open
Company is Premium Sponsor of Annually Held Competition That Identifies
Next Generation Of Programming Leaders
MOUNTAIN VIEW, CA – July 7, 2005 – VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced that it
is a premium sponsor of the 2005 TopCoder Open (TCO). The TCO is the
premier event for competitive coding, bringing together professional
and collegiate programmers competing for international ranking and a
$150,000 overall prize purse distributed between Algorithm and Component
Design and Development categories.
As part of its agreement with TopCoder, VeriSign is
sponsoring two initial single-round matches, occurring on July 7 and
September 27, 2005, as well as the final rounds. In the initial matches,
participants will be faced with a coding problem they must solve using
either Java, C++, Microsoft Visual C#.NET or Microsoft Visual Basic.NET.
Winners will proceed to the next round, and the onsite finals will take
place on October 12 - 14, 2005 in Santa Clara, CA.
“With rapid advances in technology occurring everyday,
companies are looking for the next generation of leaders to author the
code that will provide the backbone for advanced applications,” said
George Haddad, senior vice president, VeriSign Human Resources. “VeriSign
is pleased to be a premium sponsor of the 2005 TopCoder Open, which
will pit the finest professional and academic minds against each other
in a spirited competition that seeks to identify the individuals who
will lead that charge.”
Online registration for the Algorithm competition
will run August 1 - 16, 2005, with qualification rounds beginning August
16, 2005 and continuing on a weekly basis through September 7, 2005.
The top 48 competitors in this competition will advance to the onsite
Finals in Santa Clara, CA on October 12, 2005. Component Design
and Development registration ran June 13 - 29, 2005. Online rounds
for this competition are running weekly through August 18, 2005, with
the final online round starting on August 24, 2005. The top eight competitors
from each of these categories will advance to the onsite finals
Contestants can compete in the Algorithm competitions,
the Component competitions, or both. Cash prizes for the 2005 TCO will
comprise $75,000 for the Algorithm contest and $75,000 for the Component
tournament ($46,500 Design, $28,500 Development). Full registration
details and rules are available at www.topcoder.com/tco05.
“We are extremely pleased that VeriSign has become
a premium sponsor of the TopCoder Open, and look forward to their participation
throughout our competitions,” said Rob Hughes, president and COO, TopCoder.
“With their sponsorship, VeriSign shows that it is clearly committed
to identifying and harnessing the talent that will help them, and other
technology companies, develop the applications and solutions of tomorrow.”
VeriSign is currently seeking visionary, skilled,
enthusiastic professionals to help the company provide the platform
for the future of electronic commerce through innovative Internet services.
For more information on job openings at VeriSign, please go to www.verisign.com/verisign-inc/careers/jobs/index.html.
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.
About TopCoder
TopCoder, Inc. is the recognized leader in identifying, evaluating and
mobilizing effective software development resources. Through its proprietary
programming competitions and rating system, TopCoder recognizes and
promotes the abilities of the best programmers around the world. TopCoder
Software harnesses the talent of these developers to design, develop
and deploy software through its revolutionary competitive development
methodology. TopCoder’s methodology emphasizes thorough specification
and design, distributed development using reusable components, and a
rigorous quality assurance review process and results in higher quality,
lower cost software solutions than traditional software development
methodologies. For more information about sponsoring TopCoder Events,
recruiting TopCoder members and utilizing TopCoder Software, visit www.topcoder.com.
TopCoder is a registered trademark of TopCoder, Inc. in the United States
and other countries. All other product and company names herein may
be trademarks of their respective owners.
For more information, contact:
VeriSign Media Relations: Brendan Lewis, brlewis@verisign.com,
650-426-4470
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 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.
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