SOURCE: VeriSign, Inc.

November 14, 2007 08:00 ET

VeriSign Refines Strategic Direction to Focus on Internet Infrastructure

Strategy Broadens Footprint in Core Businesses and Returns to DNA

NEW YORK, NY--(Marketwire - November 14, 2007) - VeriSign, Inc. (NASDAQ: VRSN), 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 will focus human and financial resources to grow the following businesses:

--  Naming Services: VeriSign operates the .com, .net and .tv Internet
    suffixes.  In 2008, Naming programs and services will focus on providing
    tools to customers which will grow the existing lines of business, new top
    level domain-like opportunities, and new programs internationally.
--  Web Certificates: Better known as Secure Sockets Layer (SSL)
    Certificates that secure transmissions on the Internet, including the
    recently introduced Extended Validation (EV) SSL Certificate.
--  Identity Protection Services: The VeriSign Identity Protection (VIP)
    Service is a comprehensive suite of identity protection and authentication
    services designed to strengthen and protect consumers' digital identities.

"VeriSign's new strategy demonstrates a clear commitment to become a highly focused, more profitable company operating at the core of the Internet," said Will Stofega of IDC. "By divesting some non-core assets, VeriSign will also return to its heritage, with a high-margin, recurring revenue business model that will position it for future market success."

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) operates intelligent 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

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; potential fluctuations in quarterly operating results; the effect of VeriSign's new strategic focus and business divestitures; 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 statements after the date of this press release.