VeriSign to invest over $100 mln on Web switching
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VeriSign Inc.  said on Thursday  it plans to spend more than $100 million over three years to  expand the infrastructure that helps direct most of the world's  Internet traffic.
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Internet infrastructure vendor VeriSign Inc. today reported net income of $40.3 million for the third quarter of 2004, a reversal of the $31.3 million loss it posted in the same quarter one year earlier.
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InfoWorld - Cisco announced plans this week for a $135 million acquisition of Reactivity, a maker of XML gateway and security hardware designed to speed and secure up Web services traffic on enterprise networks.
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3GSM WORLD CONGRESS -- VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, today announced that Iraqi based Al Mazaya Telecommunications chose VeriSign PrePayIN to support its prepay service in Iraq.
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Microsoft is mulling an investment of up to 5.0 percent in the social networking site Facebook, a move that could set the stage for confrontation with rival Google, the Wall Street Journal reported.
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VeriSign said Thursday it will update its domain name system servers every few seconds, instead of twice a day. With this &quot;rapid updates&quot; policy, the Internet domain name registry said, people who seek new
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The owner of the Nasdaq index, an icon of the internet boom, is planning to sell $100m of shares to the public and list itself on the market it operates.
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(InfoWorld) - VeriSign, a vendor of cybersecurity products and operator of the .com and .net top-level domains, has replaced CEO Stratton Sclavos with a member of its board of directors. William Roper Jr., a former executive vice president and chief financial officer at Science Applications International, will take over as VeriSign's president and CEO, the company said in a press release. Roper has served on the company's board of directors since November 2003. Roper also worked at Network Solutions, a domain name registrar, from 1995 to 2000. Sclavos, one of VeriSign's first employees, served as the company's president, chairman, and CEO before his resignation. The board also elected Edward Mueller chairman. Mueller, who joined VeriSign's board in March 2005, is the former CEO of Williams-Sonoma, a specialty retailer. The company is in the midst of restructuring, and Roper said in a statement he was pleased with the progress so far. VeriSign also reported that a review of the company's historical stock option grant practices by members of its board of directors is substantially completed. The review did not find intentional wrongdoing by any current member of senior management, including Sclavos, the company said. VeriSign, in November, announced it would have to restate as much as $250 million in earnings between 2001 and 2006 due to administrative mistakes. A VeriSign spokeswoman declined to talk about the reason for Sclavos' departure. "It definitely was not related" to the stock options probe, she said. Sclavos, who has worked at VeriSign for 12 years, said in a statement that he was "proud of my role in building VeriSign into the great company it has become." VeriSign's 2007 analyst day, previously scheduled for June 6 at VeriSign's corporate headquarters in Mountain View, Calif., has been postponed.
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Spending by Americans shopping online during this year&#39;s holiday season rose 24 percent to $8.8 billion, with sharp gains in purchases of clothing and entertainment, Web company VeriSign Inc.
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Storage and backup application vendor Veritas Software Corp. is acquiring e-mail archiving vendor KVault Software Ltd. (KVS) to bolster its offerings to customers.
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September 1, 2004 -- (WEB HOST INDUSTRY REVIEW) -- Storage software company Veritas  announced on Tuesday that it has entered into an agreement to acquire email backup company Kvault Software for $225 million in cash, according to a report by
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Net gear provider will spend $100 million on drumming its name into consumers' heads--not its usual IT decision-making audience.
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Veritas Software announced Tuesday that it plans to acquire KVault Software in a move designed to expand its e-mail storage and archiving offerings.
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(Source: Verisign)  Overstock.com deployed the VeriSign Secured Seal and VeriSign Extended Validation SSL Certificates to further enhance customers' confidence when transacting on its Web site. As a result of the enhancement, site visitors with browsers that support the new certificate now abandon their shopping cart 8.6% less than other site visitors.
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After the success of the Jamba! acquisition, VeriSign is shelling out more to buy into this fast-growing wireless market.
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InfoWorld - Symbol Technologies will take an important step in the evolution of the enterprise wireless LAN on Monday with the introduction of its WS 2000 Wireless Switch.
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VeriSign Inc. VRSN.O on  Wednesday reported a quarterly profit versus a year-ago loss,  driven by an investment gain and strong demand for its  authentication tools and services for the Internet and  telecommunications networks.