October 2, 2008
Xerox Selects VeriSign Managed Security Services to Help Protect Their Corporate Network
VeriSign (NASDAQ: VRSN) Enterprise Security Services, today announced that it has been chosen by Xerox Corporation (NYSE: XRX) to provide Managed Security Services (MSS) to better protect its corporate network from security threats. Utilizing VeriSign MSS will allow Xerox to maximize the value of its information and network security investments, while minimizing its exposure to security risks.
Under terms of the agreement, VeriSign MSS will provide a full suite of services to monitor Xerox's network security environment, including Firewall Monitoring, Network and Host-Based Intrusion Prevention Systems (IPS) Management and Log Management Services. Additionally, VeriSign will provide its iDefense Security Intelligence Services to identify, verify and track vulnerabilities, malicious code, and global threats facing its network. The deep intelligence from iDefense works in conjunction with VeriSign's anomaly detection engine, proprietary event signature lifecycle process, and event response teams allowing VeriSign to provide customers with a unique level of protection from botnets and other sophisticated attacks. The initial deployment calls for VeriSign to monitor several hundred devices and log sources for Xerox globally."Teaming with VeriSign Enterprise Security Services allows us to work with a trusted security partner, enabling our IT security teams to focus on only critical and actionable events," said Audrey Pantas, Director, Information Security and Risk Management, Xerox Corporation. "We chose VeriSign after an extensive review process because of the deep knowledge of its staff, breadth of offerings and outstanding record of service delivery and innovation."
VeriSign Enterprise Security Services is a recognized leader in helping organizations more effectively manage risk, monitor compliance and identify and mitigate evolving security threats. Today, the group works with more than 900 customers in over 70 countries around the world. VeriSign, consistently ranked as one of the industry's top security providers, was positioned in the Leaders Quadrant of the Gartner Magic Quadrant for MSSPs, North America, 1H07 and named a Leader in the Forrester Wave: Managed Security Services, Q4 2007.
"Working with Xerox is compelling validation of the value our combined Enterprise Security Services provides to large global organizations," said Mike Denning, Senior Vice President for VeriSign Enterprise Security Services. "We continue to invest in our processes, people and technology to deliver cost-effective and industry-leading solutions to help today's IT departments keep pace with ever-evolving security threats."
For more information about VeriSign Enterprise Security Services, visit www.verisign.com/enterprise_security or call 650-426-5310.
About VeriSign Enterprise Security Services
VeriSign Enterprise Security Services is a division of VeriSign, the trusted provider of Internet infrastructure services for the networked world. Through this business unit, VeriSign provides a suite of security services for IT professionals seeking a balance between escalating information security demands and resource availability. The Enterprise Security Services suite includes Managed Security Services, iDefense Security Intelligence Services, and Global Security Consulting. This flexible portfolio of services makes use of the most current, real world intelligence, experienced personnel and technology to deliver proven solutions that address the growing issues of cost, complexity and compliance that challenge IT security professionals.
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, VeriSign helps companies and consumers all over the world engage in communications and commerce with confidence. Additional news and information about the company is available at www.verisign.com.
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability; potential fluctuations in quarterly operating results due to such factors as the risk that VeriSign's announcements may not result in additional products, services, customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2007 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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SOURCE: VeriSign, Inc.