VeriSign Issues First Ever Extended Validation
SSL Certificate in Support of IE7 and Microsoft Vista Launch
New Groundbreaking EV Upgrader™ technology will enable all IE7 browsers
on Microsoft Windows™ XP client systems to also display the green address
bar
MOUNTAIN VIEW, CA., December 11, 2006 – VeriSign, Inc., (NASDAQ:
VRSN), the leading provider of intelligent infrastructure for the networked
world, today announced the general availability of its Extended
Validation (EV) SSL Certificates, which help protect users
against online fraudulent activity by providing third party verification
of a Web site’s authenticity. These new certificates support Microsoft’s
IE7 and Vista operating system and also incorporate VeriSign’s unique EV
Upgrader technology enabling all Windows XP clients using
IE7 to display the same green address bar and other interface enhancements
as Windows Vista clients. VeriSign issued the first of these certificates
to Overstock.com, one of the largest online retailers in North America.
"As one of the first Web sites to implement the
new VeriSign Extended Validation SSL Certificates, Overstock.com continues
to demonstrate leadership in making online shopping safer," said
Jacob Hawkins, senior vice president of marketing at Overstock.com.
"When customers see the green browser bar and trusted VeriSign
Secured Seal on our site, they can be confident that their online transactions
are secure."
VeriSign’s Extended Validation SSL Certificates help
maximize consumer confidence when visiting Web sites by providing a
visual cue that these sites are who they claim to be and that their
online transactions are secured by encryption. When a user enters a
URL in a supporting high-security browser such as IE7, the browser address
bar will turn green, indicating that the site’s identity has been verified
using known, reliable authentication methodology. The green browser
bar will also display the registered organization’s name and the name
of the SSL provider, which allows site visitors to confirm the genuine
name of the businesses they are interacting with online.
“As the most recognized sign of trust on the Internet,
VeriSign is the SSL
provider of choice for over 93% of the Fortune 500, 47 of the 50 biggest
e-commerce sites, and the world’s 40 largest banks,” said Chris Babel,
vice president and general manager, SSL, for VeriSign. “As of
last Wednesday, we’ve been issuing the industry’s first EV certificates.
These new certificates continue our tradition of assuring site visitors
that their personal and financial information is safe during online
transactions.”
VeriSign’s EV SSL Certificates include EV Upgrader
technology, which enables IE 7 users on Windows XP to display the green
address bar for Web sites secured by VeriSign EV SSL Certificates. EV
Upgrader utilizes the VeriSign Secured Seal to prompt the IE7 browser
to safely update its VeriSign SSL roots. The VeriSign Secured Seal is
currently displayed on over 65,000 Web properties and viewed by consumers
approximately 100 million times per day.
“Protecting consumers online is a high priority for
Microsoft and we are working hard to make the Internet a safer place.
Internet Explorer 7’s support for Extended Validation SSL Certificates
is another example of our dedication to this commitment,” said Markellos
Diorinos, product manager for Internet Explorer at Microsoft.
“As one of the industry’s recognized leaders in Web site authentication,
VeriSign’s support for EV Certificates will help increase identity awareness
in online transactions, thereby boosting consumer confidence.”
Pricing and Availability
Browser recognition of Extended Validation SSL certificates are expected
to be activated by Microsoft Internet Explorer 7 by the end of January
2007. Through a special promotional offer, customers can purchase VeriSign SSL
Certificates with EV now and save up to $500. EV Upgrader
(a $300 value) is also included in this limited time offer. This offer
expires January 31, 2007.
VeriSign Secure Site Pro with EV combines SGC (Server
Gated Cryptography) for the best encryption protection and Extended
Validation for the industry’s most vigorous authentication procedures.
Buy Secure Site Pro with EV for $1299 (1-year) and save $200 off the
regular one-year price, or $2495 (2-year), and save over $500 off the
regular one-year price. After this limited time offer, Secure Site Pro
with EV will retail for $1499 (1-year) and $2695 (2-year).
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
Contacts
VeriSign Media Relations: Monisha Khanna, mkhanna@verisign.com,
650-426-4522.
VeriSign Investor Relations: Nancy Fazioli, ir@verisign.com,
650-426-5146.
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 develop and market new products and services and customer
acceptance of any new products or services, including VeriSign's Extended
Validation SSL Certificates; the possibility that VeriSign’s announced
new services may not result in additional 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.
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