VeriSign Purchases Assets of Weblogs.com
Increases Reliability and Infrastructure of Ping Server Architecture
for Blogosphere
MOUNTAIN VIEW, CA, October 7, 2005 - VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced that it
has purchased Weblogs.com and its ping service from Scripting News,
Inc., to provide more stable and reliable communications for the Internet’s
blogosphere.
A ping server automatically notifies subscribers
when new content is posted to a Web site or blog. Weblogs.com
is the original ping server created and developed by pioneering blogger
Dave Winer, also one of the pioneers of Really Simple Syndication (RSS).
Weblogs.com currently handles nearly two million pings each day and
supports thousands of daily RSS feeds from bloggers as well as professional
publishers. By migrating Weblogs.com’s ping service to VeriSign’s
reliable and scalable ping infrastructure, VeriSign will be able to
offer the users of RSS and real-time content a robust, intelligent platform
as the use of RSS and real-time content continues its rapid growth.
VeriSign will continue to operate Weblogs.com as an openly available
service, greatly benefiting the entire blogosphere, from individual
bloggers to value-added feed applications such as blog search services.
“The Internet has experienced an explosion
in both the number of bloggers and the number of daily RSS feeds from
bloggers over the past 12 to 24 months, but the infrastructure to support
that level of Internet communications has not kept pace,” said Mark
McLaughlin, senior vice president of VeriSign’s Naming and Directory
Services. “VeriSign is uniquely positioned to provide the scalable,
secure infrastructure that the blogosphere needs. Purchasing the ping
server architecture of Weblogs.com enables VeriSign to continue supporting
the vast numbers of Internet communications and improve the experience
of millions of Internet users.”
Currently, VeriSign enables over 14.5 billion
Internet interactions each day in operating the Internet’s .com and
.net infrastructure.
VeriSign purchased Weblogs.com from Scripting
News, Inc. for $2.3 million in cash. To read more about VeriSign’s
work in supporting the blogosphere, visit http://www.verisign.com/infrablog.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure
services that enable and protect interactions across voice and data
networks-anytime, from anywhere on multiple devices. Additional news
and information about the company is available at www.verisign.com
For more information, contact:
VeriSign Media Relations: Patrick Burns, pburns@verisign.com,
703-948-4471
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
market its services, including the weblogs.com services; customer acceptance
of the services as provided by VeriSign; the risk that expected economies
in servicing customers will not materialize; the incurrence of unexpected
costs integrating the assets; increased competition and pricing pressures;
and the inability of VeriSign to successfully develop and market new
products and services and customer acceptance of any new products or
services. 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 statement after the date of this
press release.
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