VeriSign Acquires Moreover Technologies
Real-time Aggregation Platform to Complement Blog and RSS Feed Infrastructure
MOUNTAIN VIEW, CA, October 17, 2005 - VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced the acquisition
of Moreover Technologies, a wholesale aggregator of real-time content
for Web sites, search engines and enterprise customers. By combining
Moreover’s content aggregation services with VeriSign’s global feed
management infrastructure, VeriSign will offer bloggers, publishers,
enterprises and Web portals a more intelligent and scalable, real-time
content platform.
The new content aggregation services will utilize
VeriSign’s ping server infrastructure to increase the reliability and
intelligence of its content distribution network. Currently, Moreover
aggregates more than 12,000 news sources and millions of blogs.
Harvesting information from across 126 countries in 25 languages, Moreover
uses an advanced content tagging system with more than 30 metadata tags
and 380 categories to deliver hundreds of thousands of unduplicated
real-time content articles every day. Customers such as MSN, AskJeeves,
and BBC use Moreover’s technology to provide their customers with real-time
news and content while hundreds of other enterprises, use the technology
to garner real-time information about market and business trends.
“By combining the intelligent content of Moreover’s
aggregation services with RSS feeds and the reliability of our ping
server infrastructure, VeriSign will provide our customers with a highly
relevant source of real-time information,” said Mark McLaughlin, senior
vice president and general manager of VeriSign’s Naming and Directory
Services. “The new services will make it easier for publishers
and bloggers to distribute and track their content, as well as for our
enterprise and Web portal customers to improve the reliability and quality
of their feeds as the demand for RSS and Blog information continues
to grow.”
“Moreover customers are delighted with our ability
to rapidly harvest, tag and distribute customized real-time content
within minutes,” said James Pitkow, President and CEO of Moreover Technologies.
“Our customers not only seek the fastest and most current aggregated
content, but they also demand reliable and highly structured data feeds.
VeriSign’s intelligent infrastructure will allow us to provide our customers
with even greater stability to deliver real-time content so our customers
can continue to count on this information as a reliable part of their
business communications and applications.”
The price of the acquisition was approximately $30
million in cash and it is being accounted for as a purchase transaction.
Moreover Technologies has 35 employees with offices
in San Francisco and London.
Read more about VeriSign Real-Time Publisher Services
at: http://www.verisign.com/realtime.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. 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 the combined companies’ services and customer acceptance
of the combined companies’ services; the risk that the expected synergies
resulting from the combination will not materialize; the incurrence
of unexpected costs integrating the businesses; 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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