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VeriSign Positioned in the Leaders Quadrant for 1H07 North America Managed Security Service Provider Magic Quadrant

  • 07 August, 2007 08:27

<p>VeriSign, Inc., (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today announced it has been positioned by Gartner, Inc. in the Leaders quadrant in the “Magic Quadrant for Managed Security Service Providers (MSSPs), North America, 1H07” report.1 A full copy of the report is available at:</p>
<p>“Today’s ongoing security threats are a moving target, and the growing reliance on wireless communications and compliance mandates adds to an organisation’s risk profile,” said Charles Meyers, senior vice president of Information, Security and Communications at VeriSign. “Around the world, VeriSign’s customers and partners are staying ahead of these mounting threats by relying on VeriSign® Managed Security Services, which provide a clear view of security threats and best practices for fast and effective remediation.”</p>
<p>Issued on August 1, 2007, the “Magic Quadrant for Managed Security Services Providers, North America, 1H07” evaluated MSSPs on their completeness of vision and ability to execute. According to Gartner, service providers positioned in the Leaders quadrant have significant "mind share among enterprises looking to buy an MSS from pure-play security vendors, and they generally receive positive reports on service and performance from Gartner clients. Vendors in the Leaders quadrant are typically appropriate options for enterprises requiring frequent interaction with the MSSP for analyst expertise and advice, portal-based correlation and workflow support, and flexible reporting options.”</p>
<p>“Because Managed Security Services are an essential part of our Layered Security Solution, VeriSign is pleased that Gartner has positioned us in the Leaders quadrant among MSSPs in North America,” added Meyers. “We view this as validation of VeriSign’s comprehensive approach to securing business interactions on the Internet – one that encompasses protecting a company’s consumers, brand, Web site, and network. Building on such MSS innovations such as our Log Management Service and new Wireless Intrusion Prevention Service, we will work hard to maintain our leadership position in this market.”</p>
<p>About the Magic Quadrant
The Magic Quadrant is copyrighted August 1, 2007 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.</p>
<p>About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services that enable and protect billions of interactions every day across the world’s voice and data networks. Additional news and information about the company is available at</p>
<p>1. Gartner, Inc., "Magic Quadrant for MSSPs, North America, 1H07" by Kelly M. Kavanagh and John Pescatore, August 1, 2007</p>
<p>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 risk that VeriSign’s announced relationship, including the relationship described herein, may not result in additional customers, profits or revenues; and increased competition. 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, 2005 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</p>

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