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Press Release |
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VeriSign Invests in the Middle East Digital Growth
Global intelligent infrastructure provider opens office in Dubai Neil
Batstone appointed as Territory Manager for the Middle East
DUBAI, UNITED ARAB EMIRATES, January 10, 2007 - VeriSign, Inc.
(Nasdaq: VRSN), the leading provider of intelligent infrastructure for
the networked world, today announced the opening of its first office
in the Middle East and the appointment of Neil Batstone as Territory
Manager. In light of the 480% percent increase in Internet usage in
the region since 2000(1), VeriSign has established a local presence
to enable and protect interactions across voice and data networks in
the Middle East, while improving service to its existing customers in
the region previously serviced from VeriSign’s EMEA headquarters in
Geneva, Switzerland.
Batstone, with over five years experience working
in the Middle East and ten years in the security and telecommunications
industry, is building a team of local sales and technical support staff.
VeriSign expects staffing levels to ramp up quickly as the Dubai operation
grows to meet increasing regional customer demand.
Simon Church, Vice President of VeriSign EMEA, said,
“In the Middle East, consumers are increasingly demanding new services
and applications that connect them to the information and content they
want at any time, from anywhere and on any device. In addition,
companies throughout the region are relying on the Internet more and
more to conduct and grow their businesses. VeriSign is looking
forward to providing our intelligent infrastructure services to help
Middle Eastern companies achieve these business priorities.”
VeriSign is rapidly expanding its Middle East customer
base as demand has increased for its services. The company already has
many strong regional relationships, particularly in the banking and
telecommunications sectors, including mobile telephone operator MTC.
Batstone commented, “With regional mobile and internet
usage set to grow exponentially, the Middle East is one of the most
exciting regions in which to be doing business. Companies will be looking
to deliver innovative communications services and secure their intelligent
infrastructures. We are excited to provide VeriSign’s world-class services
to the region.”
Miniwatts Marketing Group http://www.internetworldstats.com/stats5.htm
About VeriSign
VeriSign Inc (NASDAQ: VRSN) operates intelligent infrastructure
that enables and protects billions of interactions every day for the
networked world. Additional news and information about the company is
available at http://www.verisign.co.uk/.
For More Information
VeriSign Media Relations: Victoria Henry, vhenry@verisign.com,
+44 20 8699 0723
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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