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VeriSign(Strategic 100 2010)

VeriSign(Strategic 100 2010)

Symantec bought the authentication business unit of VeriSign for US$1.28 billion earlier this year. However, VeriSign retains its internet naming services business, which contributed about $US168 million of revenues in the quarter ended June 30, 2010.

Global HQ: Mountain View, California, US Website: www.verisign.com

Global leader: Mark McLaughlin, president and CEO

Local leader: Armando Dacal, director, Asia Pacific

Core activity: Internet security and infrastructure

Revenue: US$1.03 billion (FY2009, ended December 31)

Key customers: ASB Bank, Australia Post, Virgin Blue, Merrill Lynch

Employees: 2225

Symantec bought the authentication business unit of VeriSign for US$1.28 billion earlier this year. However, VeriSign retains its internet naming services business, which contributed about $US168 million of revenues in the quarter ended June 30, 2010. With increasing web usage and the addition of new internet domain names globally, VeriSign sees opportunities for growth for its naming services business. The sale to Symantec was completed in August and VeriSign is now focused on the growing internet infrastructure services business, where the company plans to build on its expertise as the longtime operator of the .com and .net domain set-ups.

VeriSign reported a 9 percent year-on-year revenue growth in the second quarter of 2010. Ulrika Hedquist

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Tags strategic 100 2010

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