SOURCE: VeriSign, Inc.

July 17, 2007 09:00 ET

VeriSign Announces Changes to Executive Team

Company Elects Albert E. Clement as CFO and Names Richard H. Goshorn as General Counsel

MOUNTAIN VIEW, CA--(Marketwire - July 17, 2007) - VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, announced that Albert E. "Bert" Clement has been elected chief financial officer (CFO) and Richard H. "Rick" Goshorn has been named senior vice president, general counsel and secretary.

As announced on July 12, 2007, Bert Clement was elected CFO, bringing more than 20 years of experience in finance and accounting for high technology companies to the position. As CFO, Clement is responsible for managing worldwide company operations related to finance and accounting, property management and investor relations.

After joining VeriSign through the acquisition of Network Solutions, Inc. in December 2000, Clement served as senior vice president, finance and controller. Over the past seven years, he has been a key member of VeriSign's leadership team, helping to set business strategy, manage acquisition integrations and contribute to corporate profitability.

Prior to joining VeriSign, Clement was an executive at MCI Communications and BroadPoint Communications. He also provided executive level consulting and advisory business services to public companies while at PricewaterhouseCoopers LLP.

In addition, VeriSign named Rick Goshorn as senior vice president, general counsel and secretary. As VeriSign's new chief legal officer, Goshorn will drive internal processes throughout the company, and will work with CEO Bill Roper to ensure the company continues its emphasis on managerial discipline and execution. A seasoned executive, he brings to VeriSign more than 26 years of experience in driving global business and legal initiatives.

Prior to joining VeriSign, Goshorn was general counsel for Akin Gump Strauss Hauer & Feld LLP in Washington, D.C. and before that served as corporate vice president, general counsel and secretary for Acterna Corporation. Previously, he held a variety of senior executive legal roles over a ten-year period at Cable and Wireless PLC in London, Brussels, Singapore and Washington, where he served as senior vice president and general counsel for Cable & Wireless Global.

"We're pleased to have Rick join our senior leadership team as he brings a fresh viewpoint to VeriSign's solid and proven management team already in place," said Bill Roper, president and CEO, VeriSign. "We are also happy that Bert has stepped up to fill a very important role as CFO and that VeriSign will continue to benefit from his leadership and strategic input."

The new executives will join VeriSign's core management team, which remains firmly in place to manage the company's principal operations. That team consists of:

--  Mark D. McLaughlin, executive vice president of products, marketing
    and customer care, who is responsible for product development, global
    marketing and customer care;
--  John Donovan, executive vice president of global sales and services,
    who is responsible for VeriSign's global sales and consulting organization;
--  Aristotle Balogh, chief technology officer and head of global product
    development, who leads all areas of product development and technology
--  Bob Korzeniewski, executive vice president of corporate development,
    who is responsible for providing a consistent strategy and focus for
    investments and merger-and-acquisition activity.

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

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 inability of VeriSign to successfully market its products and services and 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, 2006 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statement after the date of this press release.