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VeriSign Positioned in Leader Quadrant in Managed Security Services |
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VeriSign Positioned in “Leader Quadrant” in
Managed Security Services Provider Magic Quadrant Report
MOUNTAIN
VIEW, CA., July 29, 2004 - VeriSign, Inc., (NASDAQ: VRSN), the
leading provider of intelligent infrastructure services for Internet
and telecommunications networks, today announced that Gartner, Inc.
(NYSE: IT and ITB) positioned the company in the Leader quadrant in
the 1H04 Managed Security Services Provider (MSSP) Magic Quadrant report
for North America. Gartner evaluated more than 20 organizations before
making this determination.
“We consider this report to confirm what we have been hearing from the
marketplace; VeriSign possesses the optimal combination of technology,
financial strength, and deep security expertise to deliver an unmatched
breadth of services, leveraging a global 24x7 managed security infrastructure,”
said Maria Cirino, MSS senior vice president, VeriSign. “We intend to
maintain this coveted market position through healthy investments in
operations, R&D, and global expansion, as well as a staunch commitment
to maintaining unrivaled levels of customer service.”
Gartner, one of the industry’s most respected research and advisory
firms, publishes the MSSP Magic Quadrant report bi-annually. Issued
on July 27, 2004, this report evaluated North American MSSPs on the
completeness of their vision and ability to execute. According to Gartner,
“Leaders” are performing well today, have a clear vision of market direction,
and are actively building competencies to sustain their leadership position
in the market.
“The depth and breadth of Internet intelligence available through VeriSign’s
MSS coupled with the company’s commitment to customer service grants
Hyatt the confidence to securely transact business online,” said Mark
Retnam, director of global communications technology, Hyatt International.
“Additionally, through VeriSign, Hyatt gains access to more vendor neutral
solutions, a selection of security services, improved correlation capabilities
as well as alerts that are derived from an expanded and more diversified
base of threat data.”
About
VeriSign
VeriSign, Inc. (Nasdaq: VRSN) delivers intelligent infrastructure services
that make the Internet and telecommunications networks more reliable
and secure. Every day VeriSign helps thousands of businesses and millions
of consumers conduct commerce and communications with confidence. Additional
news and information about the company is available at www.verisign.com.
For more
information, contact:
VeriSign Media Relations: Karen McGuirk, kmcguirk@verisign.com,
781-577-6625
VeriSign Investor Relations: Kathleen Bare, kbare@verisign.com,
650-426-3241
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 ability
of VeriSign to successfully develop and market new services and customer
acceptance of any new services; the risk that VeriSign's announced strategic
relationships may not result in additional products, services, customers
and revenues; 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, 2003 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.
The Magic Quadrant is copyrighted July 26, 2004 by Gartner, Inc. and
is reused with permission. The Magic Quadrant is a graphical representation
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 Magic Quadrant, and does not advise technology
users to select only those vendors placed in the "Leaders"
quadrant. The Magic Quadrant is intended solely as a research tool,
and is not meant to be a specific guide to action. Gartner disclaims
all warranties, express or implied, with respect to this research, including
any warranties of merchantability or fitness for a particular purpose.
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