WestCom and VeriSign® Announce Strategic Alliance
Companies to bring advanced IP services to the global financial community
NEW YORK NY and MOUNTAIN VIEW, CA, November 16, 2006 – WestCom
Corp. and VeriSign, Inc., (NASDAQ: VRSN) today announced a strategic
alliance agreement to jointly market and deliver a suite of next-generation
converged IP services to the global financial community. The Alliance
brings together one of the world’s largest providers of trader voice
services, with the leading global provider of intelligent infrastructure
services.
The Alliance enhances WestCom’s existing voice and
data network by embedding VeriSign’s advanced routing and security technologies
into the network. The companies will work together to create next-generation
solutions supported by the VeriSign Network Routing Directory (NRD)
to offer portal-based trader line mobility and other enhanced applications
that help meet the demanding standards of the financial services community
for secure, real-time communications.
“WestCom has built one of the largest private any-to-any
business communities in the world, connecting tens of thousands of traders
located in 30 countries,” said Alexander Russo, CEO of WestCom. “Our
customers recognize the power and efficiency of converged communications,
but impose exacting standards of reliability and security. VeriSign
operates one of the world’s most trusted, intelligent infrastructures
and is, therefore, an ideal partner to deliver advanced IP services
to our customers.”
“Financial services firms demand always on communications”
said Bill Wolfe, senior vice president, VeriSign Communications Services.
“WestCom has distinguished itself as a leader in this mission-critical
space. Together, we will leverage their experience and understanding
of this market segment to help deploy new voice and data services over
IP to one of the largest assembled communities of financial services
firms in the world.”
The companies will offer a suite of advanced IP Connect
services, including off- trading floor and BCP-IP functionality, as
well as virtual private line access to Emerging Markets. The companies
plan to expand this suite to include IP-PBX integration, secure messaging,
content distribution, and desktop video services.
About WestCom
WestCom is the world’s largest trader voice services provider, delivering
voice and data solutions to the financial industry. WestCom operates
a global private network enabling members to turn up new services in
less than 24 hours. For more information, please visit www.westcom.com.
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
WestCom Media Relations: Carissa Hiltsley, 212-258-5599, chilstley@westcom.com
VeriSign Media Relations: Allison Flerl, 650-452-4867, aflerl@verisign.com
VeriSign Investor Relations: Nancy Fazioli, 650-426-5146, ir@verisign.com
Forward-Looking Statement
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, 2005 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.