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VeriSign

VeriSign

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.

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$961.7 million (2008, ended December 31)

Key customers: ASB Bank, Australia Post, eBay, PayPal, Virgin Blue, Hyatt International, Merrill Lynch, Charles Schwab

Employees: 2800

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.

Darren Greenwood

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Tags strategic 100 2009

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