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Press Release |
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VeriSign Named a Leader in Managed Security Services Independent Report
Independent Research Firm Credits Solid Current Offering and Visionary
Strategy
Mountain View, CA – October 5, 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: Victoria Henry, vhenry@verisign.com
+44 20 8600 0723
Industry analysts: Katie Hammler, khammler@verisign.com,
703-948-4367
Weber Shandwick for VeriSign: Sneha Nagmoti, verisignlondon@webershandwick.com
+44 207 067 0515
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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©2007 VeriSign, Inc. All rights reserved. VeriSign,
the VeriSign logo, the checkmark circle, and other trademarks, service
marks, and designs are registered or unregistered trademarks of VeriSign,
Inc., and its subsidiaries in the United States and in foreign countries.
All other trademarks are property of their respective owners.
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