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Press Release |
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Adobe and VeriSign to Transform Distribution of Rich Media Online
Companies to Enable Delivery of Flash Video for Media And Entertainment
Companies
LONDON, UK — Feb. 9, 2007 — VeriSign, Inc., (NASDAQ:
VRSN) and Adobe Systems Incorporated today announced their intent to
collaborate on integrating Adobe® Flash® technologies with VeriSign’s
peer assisted content distribution technology, setting a new standard
in the delivery of high-quality video content. Both companies plan to
integrate existing products and services and jointly develop new technologies
that help media and entertainment companies bring content online. The
first phase of the expected collaboration consists of VeriSign incorporating
Adobe Flash Media Server 2 into its new globally deployed Intelligent
Content Delivery Network (CDN), enabling publishers to deliver high
fidelity video on-demand and MP3 audio streaming services across a high-performance,
more secure and reliable CDN.
The two companies expect to work together to integrate
future versions of next generation media technologies leveraging VeriSign's
Kontiki peer-to-peer technology and Adobe's award winning Flash Video
software. The combined services will allow companies to deliver customized
interactive Flash Video experiences, including movies, TV shows, broadcast
media, and user interface technologies. Through Adobe Flash Player,
the ubiquitous cross platform client runtime installed on more than
700 million connected PCs and devices worldwide, users are able to instantly
view video content. Publishers are expected to be able to lower their
development, quality assurance, and customer support costs because the
combined Flash/VeriSign service reduces the problems of deploying video
on-demand applications across multiple platforms and browsers.
"VeriSign's global reach and leadership in intelligent
infrastructure services will give content providers the ability to deliver
truly innovative and more secure Flash Video experiences to the widest
possible audience worldwide,” said Bruce Chizen, chief executive officer
at Adobe. “The ubiquity and power of Adobe Flash, combined with advanced
streaming and media technologies from VeriSign, fundamentally changes
how rich media content is deployed to consumers.”
Adobe's Emmy award winning Flash Video technology
is profoundly impacting the way video is distributed over the Internet.
Today, television shows like Lost, Desperate Housewives, Grey's Anatomy
and Friday Night Lights are being delivered online with Flash Video,
while the technology also powers the video capabilities of social networking
sites such as YouTube and MySpace.
“With its technology and products reaching hundreds
of millions of installations on PC and Mac platforms, Adobe has established
an incredible reach on a global scale,” said Stratton Sclavos, chief
executive officer at VeriSign. “By combining forces, we will offer customers
a simpler, more cost effective way to create, manage and distribute
high-quality, long form video content, revolutionizing the creation
and distribution of rich media content online.”
VeriSign launched its breakthrough Intelligent CDN
last month, offering content publishers the ability for the first time
to combine both traditional CDN services, such as video streaming and
clientless download with advanced peer to peer technology for long form
content delivery. This allows media and entertainment companies to deliver
the right viewer experience for every piece of content, while taking
advantage of VeriSign’s trusted, secure and scalable global infrastructure.
Adobe and VeriSign plan to make specific product and
service introductions later in 2007.
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.eu
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Sandra Nakama
Adobe Systems Incorporated
001 415-832-4053
snakama@adobe.com
Victoria Henry
VeriSign Media Relations
+44 (0) 20 8600 0723
vhenry@verisign.com
Catriona Jackson
Weber Shandwick
+44 (0) 20 7 067 0289
VerisignLondon@webershandwick.com
Ken Bond
VeriSign Investor Relations
001 650- 426-3477
wbond@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.
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