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Press Release |
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VeriSign Introduces Three-Year SSL Certificates
Longer Term SSL Certificates Provide Significant Cost Savings; Highest
Levels of Encryption Possible
MOUNTAIN VIEW, CA. and LONDON, ENGLAND – INFOSEC 2005 – April 25,
2005 – VeriSign, Inc., (Nasdaq: VRSN), the leading provider of
intelligent infrastructure services for the Internet and telecommunications
networks, today announced that the company will offer three-year-term Secure
Sockets Layer (SSL) Certificates to companies starting in
May 2005. The new three-year SSL
Certificates will significantly reduce the cost and administrative
tasks of deployment, without sacrificing the highest levels of security
possible.
SSL
is an industry-wide protocol for managing the security of information
on the Internet, which uses a public key infrastructure (PKI) system
to encrypt data in transmission. With the increased use of applications
for online commerce and the exchange of personal information online,
it is becoming paramount to encrypt and protect Internet data. VeriSign
is the leading provider of SSL Certificates, securing over 450,000 enterprises
worldwide, including over 93 per cent of Fortune 500 companies and 47
of the 50 largest e-commerce sites.
“SSL-based security provides the critical conduit
through which personal or confidential information is exchanged across
the Internet,” said Chad Kinzelberg, vice president, VeriSign Security
Services. “Three-year SSL Certificates will provide companies with a
more cost-effective alternative for deploying SSL, eliminating the year-over-year
administrative task of renewing a certificate. In addition, by adding
the VeriSign® Secured™ Seal, customers can do business online with the
confidence that their information is backed by the highest level of
security possible.”
VeriSign three-year SSL Certificates can save businesses
up to 24 per cent over yearly renewals, and they also provide a full
set of premium features unmatched in the industry. All three-year certificates
enable 256-bit SSL encryption for compatible server and browser software,
including the Mozilla Firefox browser. VeriSign offers certificates
enabled for Server Gated Cryptography (SGC), which helps ensure that
all site visitors connect at the strongest level of encryption. Currently,
VeriSign, including its subsidiaries, affiliates, and resellers, is
the only leading provider of SSL to offer SGC-enabled SSL Certificates.
All three-year SSL Certificates from VeriSign come
with the VeriSign Secured Seal, the most recognised trust mark on the
Internet. Online businesses can display the seal on their sites, providing
customers with another method for verifying that they are dealing with
an authenticated Web site that takes advantage of best practices in
security. In a recent survey by TNS Market Research, 40 per cent of
online shoppers reported that they have abandoned online transactions
which they would have completed if the VeriSign Secured Seal had been
present on the site in question.
For more information, or to purchase a three-year
VeriSign SSL Certificate, please go to: www.verisign.co.uk/
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN) operates intelligent infrastructure
services which enable businesses and individuals to find, connect, secure,
and conduct transactions across today’s complex, global networks. Additional
news and information about the company are available at http://www.verisign.co.uk/
For more information, contact:
VeriSign Media Relations: Brendan Lewis, brlewis@verisign.com,
+1 650-426-4470
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
+1 650-426-3744
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 US 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
three-year SSL 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 United States Securities
and Exchange Commission, including in the company's Annual Report on
Form 10-K for the year ended December 31, 2004 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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