Top Internet Company Expands its Use of VeriSign
Services to Ensure Protection of its Online Brands
Mountain View, CA May 3, 2004 – VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of critical infrastructure services for
the Internet and telecommunications networks, today announced that eBay
Inc. has expanded its use of VeriSign Services, to secure its high-value,
branded domain names. VeriSign’s growing list of Digital Brand Management
Services customers includes companies such as IBM, The Hearst Corporation,
and hundreds of others representing some of the most recognized corporate
brands in the world.
By using VeriSign’s Digital
Brand Management Services, eBay gains a single point of contact for,
and greater control over, the registration and renewal process for managing
and protecting its considerable online assets. This relationship with VeriSign adds to the growing list of companies
seeking to augment or replace in-house functions with third-party vendors
that specialize in enterprise-level online brand security.
“Prior to choosing VeriSign,
we researched a variety of methods for managing of our online brand
assets,” said Jay Monahan, Vice President, Deputy General Counsel, Litigation
and Intellectual Property of eBay, the World’s Online Marketplace. “We
found that VeriSign’s Digital Brand Management Services was the best
solution to help us centralize and standardize all the administrative
tasks associated with managing our diverse set of domain names and identities.”
eBay has a global presence in 28 markets around the world. In addition
to its US Web site, eBay has local sites that serve nations such as
Australia, Austria, Belgium, Canada, France, Germany, Ireland, Italy,
Korea, Taiwan and the United Kingdom.
With Digital Brand Management
Services, VeriSign customers are able to implement both an effective
process and a long-term strategy for registering and renewing domain
names. The service provides companies with centralized management tools
that reduce overall domain registration costs, streamline budgeting
processes, and improve the level of expertise and infrastructure securing
their digital brands.
“As more and more corporate
customers use the Internet as their primary source of information and
transactions, the need has grown for greater intelligence and control
over the processes for managing high-profile domain names and corporate
assets,” said Maigread Eichten, general manager of Digital Brand Management
Services for VeriSign. “We’re very pleased that these companies and
our many other customers trust VeriSign and our experience safeguarding
these very important corporate assets.”
VeriSign’s Digital Brand
Management Services are built on top of the Internet infrastructure
that powers over 10 billion domain name system queries every day and
helps secure the networks of thousands of enterprises and carriers.
Through Digital Brand Management Services, VeriSign helps companies
throughout the United States, Europe and Asia develop successful strategies
to consolidate and manage their domain name portfolios, extend brand
reach, and build trust in their products and services online.
For more information on
VeriSign Digital Brand Management Services, please go to http://www.verisign.com/products-services/naming-and-directory-services/digital-brand-management/index.html.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), delivers critical infrastructure
services that make the Internet and telecommunications networks more
intelligent, reliable and secure. Every day VeriSign helps thousand
of businesses and millions of consumers connect, communicate, and transact
with confidence. Additional news and information about the company is
available at http://www.verisign.com.
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.
For more information, contact:
VeriSign Media Relations: Patrick Burns, pburns@verisign.com, 703-948-4471
VeriSign Investor Relations: Kathleen Bare, kbare@verisign.com, 650-426-3241
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