VeriSign Ranked Among FORTUNE'S 2007 List
of "America's Most Admired Companies"
MOUNTAIN VIEW, CA – March 23, 2007 – VeriSign, Inc. (NASDAQ:
VRSN), the leading provider of digital infrastructure for the networked
world, announced today it has been named to FORTUNE’s list of “America’s
Most Admired Companies” (PDF) for 2007. VeriSign debuted
as one of the top five companies in the Information Technology Services
category and achieved high scores for the use of its corporate assets,
its social responsibility initiatives and the quality of its management
team.
“We are honored to have achieved this recognition,”
said Stratton Sclavos, chairman and chief executive officer, VeriSign.
“VeriSign has consistently invested in building an organization that
delivers distinctive value to its customers and shareholders.
Achieving this prestigious milestone demonstrates our success in doing
so, and is a testament to the contributions of our employees whose strong
support and contributions yield continuous improvements in our company.”
VeriSign received this honor primarily for the strategic
use of its corporate assets that help address critical business needs.
The company recently announced a $100 million investment to expand its
global Internet infrastructure by 2010, preparing the network to manage
the explosive surge in interactions taking place as e-commerce, social
networking and Internet-enabled wireless devices place huge new demands
on the Internet.
Described as the "definitive report card on corporate
reputations," FORTUNE’s annual list of “America’s Most Admired
Companies” is based on a survey of the top managers and analysts representing
a total of 616 companies in 68 industries. Participants are asked to
rate companies in their respective industries based on eight attributes:
innovation, people management, use of corporate assets, social responsibility,
quality of management, financial soundness, long-term investment, and
quality of products/services. Only the best are listed as most admired.
The list and related stories appear in the March 19
issue of FORTUNE and are currently available online at http://www.fortune.com.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital 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: Lisa Malloy, emalloy@verisign.com,
703-948-4361
VeriSign Investor Relations, Nancy Fazioli, ir@verisign.com,
650-426-5146
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 inability of VeriSign to successfully
develop and market new products and services and customer acceptance
of any new products or services, 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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