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Press Release |
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VeriSign and TrustBearer Partner to Make PKI Protection on Smart Cards Easier to Use
Companies Align to Simplify Deployments and Usage of Secure Smart
Cards on a Massive Scale
London, UK – October 23, 2008 –VeriSign, Inc. (NASDAQ: VRSN),
the trusted provider of Internet infrastructure services for the networked
world, today announced a strategic alliance with TrustBearer Labs, an
authentication and digital identity solutions company, to make it easier
for people to use smart cards and security devices that leverage Public
Key Infrastructure (PKI) credentials.
The partnership will combine VeriSign’s expertise
as a leading PKI provider with TrustBearer’s solutions for easy, rapid
deployment of PKI applications and strong authentication using smart
cards across all major Web browsers and platforms. The joint effort
is aimed at benefiting organizations looking to simplify high-volume
delivery of PKI digital certificates and applications via the latest
generation of smart cards.
PKI uses digital certificates issued by a Certificate
Authority (CA) for encryption and authentication so all parties involved
in a communication or transaction can achieve and ensure confidentiality,
message integrity and user authentication. PKI is a natural fit
for smart cards, which are increasingly used by government agencies,
health care providers and large enterprises as a way to streamline identification
and access to services. By making PKI-enabled features easier to use,
VeriSign and TrustBearer will help organizations expand the use of their
cards, protect users from online identity theft, streamline approval
processes, and safeguard sensitive private data.
“Smart cards hold enormous potential for providing
fast and secure access to services, and PKI offers a vital way to reduce
risk exposure and comply with security regulations,” said Adam Geller,
vice president, Enterprise and Government Authentication at VeriSign.
“Working with TrustBearer not only helps us access new customers that
have yet to select a PKI solution, but we're also able to help our current
customers derive even more value from their existing PKI implementations.”
“Enterprises and government agencies working to implement
PKI security on smart cards can now benefit from the combined expertise
of leaders in their respective fields,” said David Corcoran, CEO and
founder of TrustBearer. “By working with VeriSign, we’re able to help
organizations effectively integrate PKI into high-security smart card
deployments targeted at mass end-user and consumer populations.”
This latest effort marks the second time VeriSign
and TrustBearer have applied their expertise to the same challenge.
In June, Microsoft® selected VeriSign and TrustBearer as the first two
OpenID providers for users of HealthVault™, a free service that enables
consumers to store and manage their health information online.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet
infrastructure services for the networked world. Billions of times each
day, VeriSign helps companies and consumers all over the world engage in
communications and commerce with confidence. Additional news and information
about the company is available at www.verisign.com.
About TrustBearer Labs
TrustBearer Labs provides digital identity software solutions
that allow organizations to easily deploy applications for security
devices such as smart cards, biometrics, and USB tokens. TrustBearer
Live, the company's flagship product, simplifies the usage of security
devices and PKI credentials by combining them with easy to use web-based
applications that are centrally managed and work across most web browsers
and platforms. More information about TrustBearer Labs can be found
at www.trustbearer.com.
Contacts
Victoria Henry, vhenry@verisign.com,
+44 (0)20 8600 0723
Investor Relations: Nancy Fazioli, ir@verisign.com
, 650-426-5146
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 PKI solutions;
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, 2007 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.
©2008 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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