Global leader: Mark McLaughlin, president and CEO
Local leader: Armando Dacal, director, Asia-Pacific
Core activity: Internet security and infrastructure
Revenue: US$961.7 million (2008, ended December 31)
Key customers: ASB Bank, Australia Post, eBay, PayPal, Virgin Blue, Hyatt International, Merrill Lynch, Charles Schwab
VeriSign competes with RSA Security and Symantec in the world of naming and authentication services. Mid-year, the $4 billion corporation reported revenue growth of about 9 percent, thanks to greater broadband and e-commerce use. Company founder Jim Bidzos credited the result amid challenging economic times to its business model, which includes selling off non-core businesses.
McLaughlin added: “Billions of times each day, VeriSign technologies bring trust to the internet. We believe that the continued growth of internet usage, concurrent cyber attacks and fraud further underscore the importance
of our services.”
VeriSign announced in July that it had topped a billion certificate checks a day, through its Online Certificate Status Protocol. By July, it had also issued more than four million Secure Socket Layer Certificates. And in
September, it boosted its internet security portfolio with a new Extended Validation Secure Socket Layer.
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