VeriSign Announces New Coporate Direction

NEW YORK -- VeriSign, Inc., the leading provider of Internet infrastructure services for the networked world, unveiled new details about the company’s strategic direction for 2008 at their annual analyst day held today in New York. VeriSign’s business strategy moving forward will be more tightly aligned with its core competency—providing highly scaleable, reliable and secure Internet infrastructure services to customers around the world.

The strategy will call for divesture of a number of businesses in the company’s portfolio, such as communications, billing and commerce. This will allow VeriSign to invest more in extending the footprint of its core businesses, such as web certificates (SSL) and the Internet Registry Business (VeriSign Naming Services), and developing closely aligned growth opportunities, such as identity protection services.

“The combination of focus and disciplined execution will provide the foundation we need to generate improved shareholder returns,” says Bill Roper, CEO. “We have leadership positions in great businesses with high growth, attractive economic returns and significant barriers to entry.”

VeriSign Inc. (Nasdaq: VRSN)