VeriSign (VRSN)

VeriSign Naming Services ended the quarter with approximately 94.9 million active domain names in the domain name base for .com and .net, representing a 6% increase year-over-year.

VeriSign Business Authentication Services ended the quarter with 1.20 million SSL certificates in the installed base, representing a 9% increase year-over-year.

VeriSign’s average daily query load increased to 54 billion in Q3 from 49 billion in Q2.

In October, VeriSign and RSA announced a technical and sales partnership that includes the integration by the end of December 2009 of the RSA SecurID Authentication Engine into the VeriSign Identity Protection (VIP) Authentication Service.

Subsequent to the end of the quarter, VeriSign completed the sales of the Global Security Consulting business, and Messaging and Mobile Media Services. The proceeds from the sales of 13 of our former non-core businesses from November 2007 to date, including the sale of the remaining interest in the Jamba joint venture, are approximately $750 million.

VeriSign 2009 Analyst Day will be held on November 19 in New York City. A live webcast of the event will be available at http://investor.verisign.com.

VeriSign Naming Services ended the quarter with approximately 93.5 million active domain names in the adjusted zone for .com and .net, representing a 7% increase year-over-year.

VeriSign Business Authentication Services, previously known as SSL Certificate Services, ended the quarter with 1.17 million SSL certificates in the installed base, an increase of 11% over the same quarter last year.

VeriSign recently reported that it surpassed a record one billion certificate validations daily, enabling secure online transactions around the world on an increasing scale.

Subsequent to the end of the quarter, VeriSign completed the sale of the Managed Security Services (MSS) business. The proceeds from the sales of the non-core businesses from November 2007 to date, including the sale of the remaining interest in the Jamba joint venture, are approximately $575 million.

From November 2007 to date, VeriSign has sold 11 non-core businesses and is in the process of winding down one business in non-core continuing operations. The Messaging and Global Security Consulting businesses remain in discontinued operations and are currently being marketed for sale.

VeriSign 2009 Analyst Day will be held on November 19 in New York City. Additional details will be forthcoming.

VeriSign’s Naming business ended the quarter with approximately 92.4 million active domain names in the adjusted zone for .com and .net, representing a 9% increase year-over-year.

VeriSign SSL Services ended the quarter with 1.15 million SSL Certificates in the installed base, an increase of 13% over the same quarter last year.

VeriSign’s average daily query load increased to 38 billion in Q1, a 9% increase from the prior quarter.

Under Project Titan, VeriSign continues to expand and optimize its infrastructure. VeriSign reduced average daily peak loads by more than 10 percent through use of its enhanced security and monitoring, even in the face of growing daily average DNS requests.

In March, VeriSign announced a new agreement with eNom to promote and distribute VeriSign branded SSL Certificates through its retail and reseller channels.

VeriSign recently announced the VeriSign Identity Protection (VIP) Access for Mobile credential, which is now available for download onto more than 100 popular mobile phone models. The application transforms leading mobile phones into strong authentication credentials capable of generating a unique one-time password (OTP) every time a consumer signs on to a Web site protected by the VIP Authentication Service.

Subsequent to the end of the quarter, VeriSign completed the sales of the Communication Services, International Clearing, and Real-Time Publisher (RTP) Services businesses. The proceeds from the sales of the non-core businesses from November 2007 to date, including the sale of the remaining interest in the Jamba joint venture, are approximately $540 million.

From November 2007 to date, VeriSign has sold 10 non-core businesses and is in the process of winding down one business in non-core continuing operations. There are currently three additional non-core businesses in discontinued operations remaining for sale, including Messaging and Managed Security Services.

The Enterprise and Security Services (ESS) bundle has been broken down into iDefense, MSS and security consulting. For strategic reasons, iDefense, which provides information security threat intelligence, was retained and reclassified as core continuing operations as of March 31, 2009. VeriSign has entered into an exclusive letter of intent to sell MSS, which represents 65% of Q1 2009 revenue of the ESS bundle. Entry into a binding agreement remains subject to agreement on final terms and conditions.

VeriSign 2009 Analyst Day will be held on November 19 in New York City. Additional details will be forthcoming at a later date.

Subsequent to the end of the quarter, VeriSign announced it had named Mark McLaughlin as president and chief operating officer. Mr. McLaughlin will be responsible for the day-to-day operations of the Naming, SSL and IAS businesses including full responsibility for results of operations. Additionally, Mr. McLaughlin will oversee the company’s Technology and Strategy organizations.

VeriSign’s Naming business ended the quarter with approximately 90.4 million active domain names in the adjusted zone for .com and .net, representing a 12% increase year-over-year.

VeriSign SSL Services ended the quarter with 1.12 million SSL certificates in the installed base, an increase of 13% over the same quarter last year.

Extended Validation (EV) SSL customer wins, during the fourth quarter, included JetBlue, Japan Airlines, and HSBC US.

In January, VeriSign announced that the IRS issued new e-file Security and Privacy Standards that strongly encourage all online tax filing services to safeguard their sites with EV SSL certificates.

VeriSign 2009 Analyst Day will be held on Thursday, May 14, 2009 in Mountain View, CA. Details on the event agenda and registration will be announced at a later date.

VeriSign Naming Services ended the quarter with approximately 89.4 million active domain names in the adjusted zone for .com and .net, representing a 16% increase year over year.

As of October 1, 2008, the registry fee for .com domain names increased 7% to $6.86 and the registry fee for .net domain names increased 10% to $4.23.

In October, VeriSign announced an additional infrastructure deployment in Europe with a new site in Madrid to fortify its Internet infrastructure as part of Project Titan.

VeriSign SSL Services ended the quarter with 1,095,000 SSL certificates in the installed base, an increase of 14% over the same quarter last year.

Market penetration of EV compatible browsers is approximately 60%.

As of September 30, 2008, there are more than 2 million credentials in distribution for our VIP network and one time password (OTP) programs.

VeriSign Naming Services ended the quarter with approximately 87.3 million active domain names in the adjusted zone for .com and .net, representing a 3% increase over Q1 2008 and 20% increase year over year.

In June, VeriSign announced additional infrastructure deployments in Europe with new sites in France and Belgium to fortify its Internet infrastructure as part of Project Titan.

VeriSign’s Naming Services business continues to stimulate demand for .com by seeking new distribution partners. VeriSign recently announced the first .com/.net ICANN accredited registrar in Mexico, Interplanet.

VeriSign SSL Services ended the quarter with 1,056,000 SSL certificates in the installed base, up 3% from 1,024,000 in Q1 2008 and an increase of 14% from 923,000 for certificates for the same quarter last year.

VeriSign EV SSL customers announced in Q2 include Buy.com, Blue Nile and Overtons.

As of June 30, 2008, there are more than 1.9 million credentials in distribution for our VIP network and one time password (OTP) programs.

VeriSign was selected during the quarter by Microsoft as an OpenID provider for users of HealthVault.

On July 3, we announced that Jim Bidzos, founder of VeriSign, was appointed executive chairman, president and chief executive, on an interim basis. A search for a permanent president and chief executive is currently underway.

VeriSign 2008 Analyst Day will be held on Wednesday, November 12, 2008 in New York City. Details on the event agenda and registration will be announced at a later date.

VeriSign Naming Services ended the quarter with approximately 84.4 million active domain names in the adjusted zone for .com and .net, representing a 5% increase over Q4 2007 and 22% increase year over year.

During the quarter, VeriSign announced that as of October 1, 2008, the registry fee for .com domain names will increase from $6.42 to $6.86 and that the registry fee for .net domain names will increase from $3.85 to $4.23 per year.

VeriSign continues the Project Titan initiative with the expansion of existing sites as well as the launch of five new regional Internet sites – two additional sites in the U.S., as well as sites in India, Hong Kong and Italy.

VeriSign SSL Services ended the quarter with 1,024,000 SSL certificates in the installed base, up 4% from 987,000 in Q4 2007 and an increase of 16% from 886,000 certificates last year.

During the first quarter of 2008, VeriSign announced that more than 100 credit unions have gone live on EV SSL. Other EV SSL customer wins include HSBC, FileYourTaxes.com and online editing house Scribendi.

VeriSign’s IAS team launched the VIP Quick Start and VIP Test Drive for Developers programs to further the adoption of consumer Identity and Authentication Services.

As of March 31, 2008, the company has sold over 1.8 million credentials for our VIP and one time password (OTP) programs.

Kathleen Cote, formerly CEO of Worldport Communications Company, was appointed to the company’s Board of Directors on February 20, 2008. Ms. Cote serves on the Audit Committee.

Brian G. Robins, senior vice president, was appointed acting chief financial officer on April 4, 2008.