VeriSign Named a Leader in Managed Security
Services Independent Report
Independent Research Firm Credits Solid Current Offering and Visionary
Strategy
Mountain View, CA – October 4, 2007 –VeriSign, Inc. (NASDAQ:
VRSN), today announced it has been named a Leader in Forrester Research’s
first Wave™ research report for managed security services (MSS). In
the Forrester Wave: Managed Security Services, Q4 2007 (October 2007),
VeriSign also earned the top score for current strategy. A full
copy of the report is available at: www.verisign.com/dm/forrester-mssp
According to the report, “Specialist security player
VeriSign is one of the Leaders in this first Forrester Wave on managed
security services (MSS). A solid current offering and visionary strategy
place VeriSign in the Leader category, ahead of the competition. VeriSign
benefits from its PKI and authentication expertise and from its intelligent
Internet infrastructure experience. The firm’s current offering enjoys
strengths in many areas, including implementation, visibility, portal
strategy, and intelligence through the iDefense® Security Intelligence
offering. While VeriSign needs to expand its international foothold,
its market strategy focuses on investment in key future security areas,
such as threat detection and analysis, visualization, and extending
services to the application layer. This, united with an aggressive go-to
market strategy tailored to suit different geographic regions, makes
VeriSign a player in the MSS space with a bright future.”
For its first assessment of the state of the MSS market,
Forrester evaluated and compared the strengths and weaknesses of top
MSS providers. After examining past research, user need assessments,
and provider and expert interviews, Forrester developed a comprehensive
set of 56 evaluation criteria grouped into three general categories:
Current Offering, Strategy, and Market Presence. After Forrester completed
its evaluation, VeriSign earned the top score in the Strategy category
and was named a Leader for the overall MSS market.
“Every day, securing business transactions on the
Internet is growing more complex, and that has made managed services
such a vital component of reducing an organization’s risk,” said Mike
Denning, vice president, Enterprise Security Services, VeriSign, Inc.
“As an essential component of our Layered Security Solution, VeriSign’s
unique combination of Security Consulting, iDefense Security Intelligence
and Managed Security Services provides a clear view of security threats
and best practices for fast and effective remediation. We are proud
that Forrester has named VeriSign as a Leader in the MSS market and
that VeriSign earned the top score in current strategy– on the heels
of being named a Strong Performer in The Forrester Wave: Security Consulting,
Q3 2007 (September 2007) .
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services
that enable and protect billions of interactions every day across the
world’s voice, video and data networks. Additional news and information
about the company is available at www.verisign.com.
Contacts
Media: Christina Rohall, crohall@verisign.com,
650-426-5219
Industry analysts: Katie Hammler, khammler@verisign.com,
703-948-4367
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 Secure Sockets Layer 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, 2006 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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