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Press Release |
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VeriSign and I(TS)2 to Launch Security Operations Center in Saudi Arabia
Strategic Alliance with IT Security Training and Solutions Brings
VeriSign’s Managed Security Solutions to Middle Eastern Enterprises
June 4, 2007 – VeriSign, the leading provider of digital
infrastructure for the networked world, today announced a strategic
alliance with IT Security Training and Solutions, or I(TS)2, the Middle
East’s premier provider of integrated security solutions and education,
to establish a new Security Operations Center in the Kingdom of Saudi
Arabia.
As part of the alliance, the companies will bring
VeriSign’s Managed Security Services (MSS) to enterprises in the Middle
East, where companies are increasingly seeking solutions that help them
manage and protect against IT security threats. I(TS)2 will operate
the new Security Operations Center (SOC), which will be located in Riyadh,
using the VeriSign platform to offer a wide range of security and threat
management services. Crucially, the facility will be the first
commercial SOC in the region to store its clients’ sensitive data locally.
When the SOC is operational at the beginning of 2008,
VeriSign will be the world’s only major MSS provider to deliver services
administered and supported locally in Saudi Arabia, with I(TS)2 its
exclusive Saudi Global Security Partner. MSS offerings through the new
SOC in Riyadh will include:
- 24x7 management
and monitoring of firewalls, logs, intrusion detection systems, and
Intrusion Prevention Systems
- Vulnerability management,
scanning, and assessment services
- Phishing detection
and response services
- iDefense® security
intelligence services
The new SOC will base its primary service offerings
on VeriSign’s proprietary information management architecture, which
analyzes and prioritizes alerts derived from industry benchmarks and
client requirements. Global teams identify, verify and track vulnerabilities,
malicious code, and global threats, providing unique insight into the
evolution of security risks and early discovery of software vulnerabilities.
“Today, VeriSign is extending the global reach of
its renowned SOC network via an exciting new partnership with I(TS)2,
the premier provider of end-to-end security solutions in Saudi Arabia,”
said Neil Batstone, General Manager, Middle East at VeriSign. “No company
better understands the IT security threats that face enterprises in
the region – and no company has a finer track record in protecting those
organizations – than I(TS)2. We are delighted to collaborate with
I(TS)2 to establish this new facility in Riyadh to deliver the most
comprehensive set of managed security services in the Middle East.”
“VeriSign operates a digital infrastructure that enables
and protects billions of interactions every day across the world’s voice
and data networks,” said Samer Omar, General Manager, I(TS)2. “This
uniquely positions VeriSign as the ideal partner for I(TS)2 as we seek
to provide Saudi enterprises with world-class defenses against IT security
threats. By combining the strengths of our joint security expertise,
the Riyadh SOC will set a new standard for managed security services
in the Middle East.”
The new facility in Saudi Arabia will be the ninth
VeriSign SOC worldwide, and the first located in the Middle East. From
its global network of SOCs, VeriSign security experts work around the
clock to monitor security threats and manage thousands of devices.
VeriSign’s entry into the Middle East MSS market follows
positive recognition in other regions around the world. Most recently,
VeriSign earned a “Positive” rating in Gartner, Inc.’s “MarketScope
for Managed Security Services in Europe, 2007”1
report.
About IT Security Training & Solutions
Headquartered in Riyadh, Saudi Arabia, I(TS)2 is the Middle East’s
premier provider of integrated security solutions, security consulting
services and security training & certification curriculum and is
ISO 27001:2005 certified. I(TS)2 is focused on empowering all clients
to combat evolving security threats. I(TS)2‘s unique approach ensures
delivery of the right mix of people, processes, and technology to meet
unique business needs.
I(TS)2 boasts the most prestigious regional Security
Academy providing professional and international certifications. I(TS)2
is the only Platinum Consultancy Partner for BSI in Saudi Arabia and
has achieved Cisco Advanced Security and Microsoft Gold Partnerships.
I(TS)2 has over 70 employees in Riyadh, Eastern & Western Province
as well as Jordan. For more information, visit the I(TS)2 web site at: www.i-ts2.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.co.uk.
Contacts
VeriSign Media Relations: Victoria Henry, vhenry@verisign.com,
+44 (0) 20 8600 0723
I(TS)2 Media Relations: Mohammed Al-Jeraisy, m.aljeraisy@i-ts2.com,
+ 96 61 207 7008
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 implement
price increases, and customer acceptance of any new products, services,
or price increases, including the price increases mentioned herein;
the possibility that VeriSign’s announced new products, services and
price increases may not result in additional customers, profits or revenues;
and increased competition. 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.
MarketScope Disclaimer
The MarketScope is copyrighted April 2007 by Gartner, Inc. and
is reused with permission. The MarketScope is an evaluation of
a marketplace at and for a specific time period. It depicts Gartner's
analysis of how certain vendors measure against criteria for that marketplace,
as defined by Gartner. Gartner does not endorse any vendor, product
or service depicted in the MarketScope, and does not advise technology
users to select only those vendors with the highest rating. Gartner
disclaims all warranties, express or implied, with respect to this research,
including any warranties of merchantability or fitness for a particular
purpose.
“MarketScope for Managed Security Services
in Europe, 2007,” Gartner Inc., April 16, 2007.
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