SOURCE: VeriSign, Inc.

October 03, 2007 09:00 ET

VeriSign Extends Executive Team as Part of Strategy to Pursue New Opportunities With Focus and Discipline

Grant Clark Joins Company as Chief Administrative Officer; Kevin Werner to Drive Strategic Development

MOUNTAIN VIEW, CA--(Marketwire - October 3, 2007) - VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today announced it is extending its executive team with the addition of Grant L. Clark and Kevin A. Werner. Both long-time industry veterans, Clark and Werner join VeriSign after holding senior executive posts at SAIC.

Clark joins VeriSign as senior vice president and chief administrative officer, with primary responsibility for improving VeriSign's business processes. Working from VeriSign's Dulles, VA offices, Clark also will oversee the company's operational and risk management activities.

Werner, as VeriSign's new senior vice president of corporate development and strategy, will be responsible for VeriSign's strategic development activities. His focus will include acquisitions, joint ventures, complex business transactions, and divestitures.

"As VeriSign continues to mature as an industry leader and innovator, it's essential that our own corporate structure and business processes evolve along with the world's digital infrastructure," said Bill Roper, president and chief executive officer of VeriSign. "Both Grant and Kevin have proven, hands-on experience in shepherding high-growth organizations through the kind of financial and operational milestones that shape a company's future for years to come. I look forward to their contributions as we work with our talented global workforce to bring increased focus and discipline to VeriSign's growth model."

Clark has been with SAIC for 13 years, most recently serving as senior vice president, director of contracts, and chief deputy counsel. While at SAIC, he was responsible for contract law and management across multiple continents, and for corporate risk assessment and mitigation. From 1999-2004, Clark was senior vice president and general counsel of Telcordia Technologies, an SAIC subsidiary. He previously was principal legal advisor to SAIC subsidiary Network Solutions, guiding that company through the establishment of its domain name business in the commercial infancy of the Internet. Earlier in his career, Clark was a member of the national law firm McKenna Long & Aldridge. He also served with the law firm of former U.S. Senator Birch Bayh, and was an assistant general counsel with the General Services Administration. Clark began his career as an Air Force judge advocate and held a concurrent appointment as a special assistant U.S. attorney. Clark is a graduate of Suffolk Law School and received his B.A. in English from Framingham State College.

Werner brings to VeriSign two decades of experience in evaluating strategic objectives, and in structuring, negotiating and closing complex transactions. Since 2004, he served as SAIC's senior vice president and director of strategic development activities, during which time he negotiated and closed strategic acquisitions and the divestiture of non-strategic business units. From 2000-2004, he was president and managing director of SAIC Venture Capital Corporation, where he managed a $1.3 billion corporate venture capital fund with a portfolio of 60 investments in early stage technology companies. Werner joined SAIC as associate general counsel in 1995. Prior to SAIC, he spent 10 years at Seltzer Caplan McMahon & Vitek, becoming a partner in 1990. Werner earned his doctorate in law from Harvard Law School and a bachelor's degree in political science from George Washington University.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) operates digital infrastructure services that enable and protect billions of interactions every day across the world's voice, video and data networks. Additional news and information about the company is available at www.verisign.com.