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VeriSign, Inc.
Type Public (NASDAQ: VRSN)
Founded 1995
Headquarters Mountain View, California, USA
Key people CEO: William A. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 The United States of America —commonly referred to as the Roper Jr, Chairman: D. James Bidzos
Industry Internet, Communications
Revenue $1. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" The Internet is a global system of interconnected Computer networks In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 6 billion USD (2006)
Net income $406 million USD (2006)
Employees 5,300
Website www.verisign.com
VeriSign headquarters in Mountain View
VeriSign headquarters in Mountain View

VeriSign, Inc. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages (NASDAQ: VRSN) is an American company based in Mountain View, California that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the generic top-level domains for .com and .net, one of the largest SS7 signaling networks in North America, and the RFID directory for EPCGlobal. The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. The United States of America —commonly referred to as the The Internet is a global system of interconnected Computer networks A root name server is a DNS server that answers requests for the DNS root zone, and redirects requests for a particular Top-level domain (TLD to that Signaling System #7 (SS7 is a set of Telephony signaling protocols which are used to set up most of the world's Public switched telephone network telephone Radio-frequency identification ( RFID) is an automatic identification method relying on storing and remotely retrieving data using devices called RFID tags or EPCglobal is a joint venture between GS1 (formerly known as EAN International) and GS1 US (formerly the Uniform Code Council, Inc VeriSign also provides a variety of security and telecom services ranging from digital certificates, payments processing, and managed firewalls to mobile call roaming, toll-free call database queries and downloadable digital content for mobile devices. In Cryptography, a public key certificate (or identity certificate) is an electronic document which incorporates a Digital signature to bind together a A firewall is an integrated collection of security measures designed to prevent unauthorized electronic access to a networked computer system Roaming is a general term in Wireless Telecommunications that refers to the extending of connectivity service in a location that is different from the home location A toll-free, Freecall, Freephone, or 800 number is a special Telephone number, in that the Called party is charged the cost of the The company groups all of these functions under the banner of 'intelligent infrastructure' services.

The company's former payment processing service was sold to Ebay in 2005. A payment is the transfer of wealth from one party (such as a person or company to another eBay Inc is an American Internet company that manages eBaycom an Online auction and shopping Website in which people and businesses buy and [1]

Contents

History

VeriSign was founded in 1995 as a spin-off of the RSA Security certification services business. RSA The Security Division of EMC Corporation, is headquartered in Bedford Massachusetts, United States and maintains offices in Ireland, Israel The new company received licenses to key cryptographic patents held by RSA and a time limited non-compete agreement. The new company served as a certificate authority (CA) — a role it still fulfills — and its initial mission was "providing trust for the Internet and Electronic Commerce through our Digital Authentication services and products. In Cryptography, a certificate authority or certification authority ( CA) is an entity which issues digital certificates for use by other parties Electronic commerce, commonly known as e-commerce' or eCommerce, consists of the buying and selling of products or services over electronic " VeriSign now has more than 3,000,000 certificates in operation for everything from military to financial services and retail applications, making it the largest CA behind the encryption and authentication on the Internet, which most people recognize as the small padlock icon in their Web browser when shopping online. Authentication (from Greek αυθεντικός real or genuine from authentes author is the act of establishing or confirming something (or someone as VeriSign is well known for the VeriSign Secured Seal, which is an outward expression of a Web site's authentication and encryption commonly posted to VeriSign SSL Certificate customers' Web sites. Transport Layer Security ( TLS) and its predecessor Secure Sockets Layer ( SSL) are Cryptographic protocols that provide secure

The company held an Initial Public Offering on 1998-01-30 for US$14 a share. Initial public offering (IPO, also referred to simply as a "public offering" is when a company issues Common stock or shares to the public for the first Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Events 1648 - Eighty Years' War: The Treaty of Münster is signed ending the conflict between the Netherlands and Spain The pre-IPO investors included RSA Data Security Inc. , Bessemer Ventures, Kleiner-Perkins, VISA International, Ameritech, Mitsubishi, Security Dynamics, and Fischer International. Along the way, VeriSign broadened its portfolio of "infrastructure services" by acquiring a number of additional businesses, including SecureIT in 1998 (from which it derived its Security Services division), Network Solutions in 2000 (from which it derived the domain name business, and later spun off the customer-facing 'registrar' component), Illuminet in 2001 (which marked the company's first foray into telecommunications), Guardent in 2003 (which improved its managed security offering), and Jamba! in 2004 (which is called Jamster! in English-speaking countries and consists of downloadable digital content for mobile phones). Network Solutions LLC is a Technology company which was founded in 1979 Jamba! is a Mobile phone content provider based in Berlin, Germany. VeriSign made its presence in India by acquiring Unimobile in 2004.

As of 2005, VeriSign takes in more than $1 billion in annual revenue ($1. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. 66 billion for FY 2005) with more than 4000 employees worldwide. The business is divided into two large divisions: Internet Services and Communications Services.

Divisions

The Internet Services division includes Naming & Directory Services, which houses the domain name registry for . com and . net, as well as other DNS-related services, and RFID services; and Security Services, which spans a diverse set of capabilities. Radio-frequency identification ( RFID) is an automatic identification method relying on storing and remotely retrieving data using devices called RFID tags or Managed Security Services includes managed security services (firewalls, intrusion detection and prevention, vulnerability protection, etc. A firewall is an integrated collection of security measures designed to prevent unauthorized electronic access to a networked computer system ), global security consulting (assessments, design, compliance, certification), email security (anti-spam, anti-virus), strong authentication (tokens and remote access validation), as well as the original digital certificate/SSL business including the most recent Extended Validation (High Assurance) SSL Certificates. In Cryptography, a public key certificate (or identity certificate) is an electronic document which incorporates a Digital signature to bind together a Extended Validation Certificates (EV are a special type of X509 certificate which require more extensive investigation of the requesting entity by the Certificate Authority VeriSign claims to handle 14 billion domain name system (DNS) inquiries daily, 35% of North American e-commerce, and encryption for the "majority" of secure Web sites. The Domain Name System (DNS is a hierarchical naming system for computers services or any resource participating in the Internet.

The Communications Services group acts as a service provider to the global telecommunications sector, with a similarly diverse set of capabilities. The division offers a variety of services for both wireline and wireless telcos, including pre-paid and post-paid billing; network interoperability for text messaging and call roaming; and the database and mediation services that power caller ID, local number portability (LNP), wireless LNP, VoIP, call routing, toll-free call directories, and more. Local number portability, (LNP for fixed lines and full mobile number portability (FMNP for mobile phone lines refers to the ability to transfer either an existing Voice-over-Internet protocol ( VoIP, vɔɪp is a protocol optimized for the transmission of voice through the Internet VeriSign also offers a white-labeled retail wireless content portal which it operates directly to consumer under the Jamba! and Jamster! brands. The stats on VeriSign's communications network are also impressive: 2. 7 billion phone call connections, 10 million caller IDs, and 3 million game, ringtone and picture downloads per day.

Divestment

On November 14th 2007, during VeriSign Analyst Day presentations, VeriSign announced that it would focus on its core businesses of Naming Services, Web Certificates, and Identity Protection Services by divesting (selling or shutting down) much of the rest of its portfolio. In Finance and Economics, divestment or divestiture is the reduction of some kind of Asset for either financial goals or ethical objectives [2] Published reports indicate that the company may end up divesting up to 12 of its 15 business units[3], eliminating half of its 4500 employees. [4]

Controversies

In recent years, VeriSign has faced some public scrutiny regarding its relationship with ICANN (Internet Corporation for Assigned Names and Numbers) and DNS. ICANN (aɪkæn eye-can is the Internet Corporation for Assigned Names and Numbers. In September 2003, VeriSign introduced a service called Site Finder, which redirected Web browsers to a search service when users attempted to go to nonexistent . Site Finder was a Wildcard DNS record for all.com and.net unregistered domain names run by. com or . net domain names. ICANN asserted that VeriSign had overstepped the terms of its contract with the U. S. Department of Commerce, which in essence grants VeriSign the right to operate the DNS for . The United States Department of Commerce is the Cabinet department of the United States government concerned with promoting Economic growth com and . net, and VeriSign shut down the service. Subsequently, VeriSign filed a lawsuit against ICANN in February 2004, seeking to gain clarity over what services it could offer in the context of its contract with ICANN. The claim was moved from federal to California state court in August 2004 and is still pending. [5] In late 2005 VeriSign and ICANN announced a proposed settlement which defines a process for the introduction of new registry services in the . com registry. The documents concerning these settlements are available here. The terms of this proposed settlement are themselves contentious, and have received widespread criticism. The ICANN comments mailing list archive documents some of these. Additionally VeriSign was involved in the sex.com matter decided by the Ninth circuit. The Internet Domain name sexcom is a Web portal owned by Escom LLC [6]

In other negotiations with ICANN, VeriSign gave up operation of the . org top-level domain in 2003 in return for continued rights over . com, the largest domain with more than 34 million registered domain names. In mid-2005, the existing contract for the operation of . net expired and five companies, including VeriSign, bid for management of it. VeriSign's bid was backed by numerous IT and telecom heavyweights including Microsoft, IBM, Sun Microsystems, MCI and others, which all asserted that VeriSign had a perfect record operating . net. They proposed VeriSign continue to manage the . net DNS due to its critical importance as the domain underlying numerous "backbone" network services. On the 8th of June 2005 ICANN announced that VeriSign had been approved to operate . net until 2011. More information on the . net bidding process is available here.

Milestones

DNS control

VeriSign has a very important place in the Internet's DNS infrastructure. eBay Inc is an American Internet company that manages eBaycom an Online auction and shopping Website in which people and businesses buy and PayPal is an E-commerce business allowing payments and Money transfers to be made through the Internet. Kontiki is a peer-assisted content delivery technology company founded in November of 2000 GeoTrust is a large Digital certificate provider GeoTrust was a restarted company in 2001 that acquired the security business of Equifax. Extended Validation Certificates (EV are a special type of X509 certificate which require more extensive investigation of the requesting entity by the Certificate Authority Melbourne IT is an Australian Internet company listed on the Australian Securities Exchange ( VeriSign is the authoritative registry operator for two of the most important top-level domains, . com and . net. It is also the authoritative registry operator for the country code top-level domains . cc (Cocos Islands) and . tv (Tuvalu). Tuvalu, formerly known as the Ellice Islands, is a Polynesian Island nation located in the Pacific Ocean midway between Hawaii and In addition, VeriSign runs the DNS servers for . edu, . name, and . jobs for their respective registry operators which are non-profit organizations, however they do not have any say in the operation of these domains. Registry operators are often a "wholesale" role; there are many "retail" domain name registrars which actually sell . A domain name registrar is a company accredited by the Internet Corporation for Assigned Names and Numbers ( ICANN) and/or by a national ccTLD authority to register com and other domain names to consumers.

VeriSign also runs two of the Internet's root nameservers, A and J. A root name server is a DNS server that answers requests for the DNS root zone, and redirects requests for a particular Top-level domain (TLD to that It is the only root server operator that runs more than one server. The J root is anycasted. Anycast is a network Addressing and Routing scheme whereby data is routed to the "nearest" or "best" destination as viewed by the routing The A root is located in their global network operation center in Loudoun County, Virginia. Loudoun County (ˈlaʊdən "LOUD-un" is a county located in the Commonwealth of Virginia, and is part of the Washington Metropolitan

References

  1. ^ a b Gonsalves, Antone. "EBay To Buy VeriSign Online Payment Service", InformationWeek, October 10, 2005. Retrieved on 2008-04-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1607 - Eighty Years' War: The Dutch fleet destroys the anchored Spanish fleet at Gibraltar.  
  2. ^ VeriSign. com (2007-11-14). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca "VeriSign Refines Strategic Direction to Focus on Internet Infrastructure". Press release. A news release, media release, press release or press statement is a written or recorded Communication directed at members of the News Retrieved on 2007-11-14. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca
  3. ^ VeriSign looking to divest units: report. washingtonpost. com (2007-11-14). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca Retrieved on 2007-11-14. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca
  4. ^ VeriSign to divest slower units, sees staff halved. VeriSign. com (2007-11-14). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca Retrieved on 2007-11-14. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1533 - Conquistadors from Spain under the leadership of Francisco Pizarro arrive in Cajamarca, Inca
  5. ^ Litigation Documents. ICANN. org (2007-03-26). Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1026 - Pope John XIX crowns Conrad II as Holy Roman Emperor. Retrieved on 2007-08-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1192 - Minamoto Yoritomo becomes Seii Tai Shōgun and the De facto ruler of Japan.
  6. ^ Kremen v. Network Solutions, Inc. (PDF) (2003-07-25). Year 2003 ( MMIII) was a Common year starting on Wednesday of the Gregorian calendar. Events 285 - Diocletian appoints Maximian as Caesar, co-ruler Retrieved on 2007-08-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1192 - Minamoto Yoritomo becomes Seii Tai Shōgun and the De facto ruler of Japan.
  7. ^ Miller, Rich (2006-05-17). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1521 - Edward Stafford 3rd Duke of Buckingham, is executed for Treason. VeriSign To Buy GeoTrust, Combining Top SSL Providers. Netcraft. com. Retrieved on 2007-08-21. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1192 - Minamoto Yoritomo becomes Seii Tai Shōgun and the De facto ruler of Japan.
  8. ^ http://www.verisign.com/press_releases/pr/page_042136.html
  9. ^ Melbourne IT buys VeriSign's DBMS. businessspectator. com. au (2008-04-30). 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 313 - Roman emperor Licinius unifies the entire Eastern Roman Empire under his rule Retrieved on 2008-04-30. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 313 - Roman emperor Licinius unifies the entire Eastern Roman Empire under his rule

External links

Official websites

News and financial reports

The Charles Babbage Institute (also titled the Center for the History of Information Technology) is a research center at the University of Minnesota specializing
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