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VeriSign and AirMagnet Launch New Managed Service to Prevent Wireless Data Theft

Posted on: Monday, 4 June 2007, 09:00 CDT

Gartner IT Security Summit 2007 -- VeriSign (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, and AirMagnet, an award-winning leader in wireless network assurance solutions, today launched the VeriSign Wireless Intrusion Prevention Service (IPS), the first comprehensive service designed to effectively shield rapidly growing corporate wireless networks from theft and other security threats. Through a new strategic partnership with AirMagnet, VeriSign Managed Security Services (MSS) maximizes the ability of intrusion prevention technology to protect both wireless and wired networks.

"Today's workforces are increasingly on the move, and for many organizations, that means either securing the wireless LAN or forcing employees to give up wireless devices altogether," said Mike Denning, vice president, Security Services, VeriSign. "Preventing wireless intrusion can be time-consuming and expensive, and presents some unique complexities beyond those associated with securing a wired network. VeriSign Wireless IPS protects every corner of the network because it correlates both wired and wireless data, providing the most complete risk management solution for VeriSign MSS customers."

"VeriSign Wireless IPS is a groundbreaking managed service that comprehensively addresses a pressing need in today's enterprise, particularly finance, health care and retail," said Dean Au, CEO of AirMagnet. "As more organizations make wireless technology a vital element in how business is done, VeriSign Wireless IPS will help ensure that their business is secure and meets compliance requirements. We're proud to collaborate with VeriSign to bring this service to market."

VeriSign Wireless IPS helps customers design, deploy, manage and monitor wireless intrusion prevention systems. The new service offers enterprises a host of benefits, including:

 --  Holistic view of network. By combining AirMagnet technology with     VeriSign Teraguard, companies can now for the first time, integrate IPS for     both wireless and wired networks. --  Expert design and implementation. VeriSign Global Consulting Service     ensures that wireless IPS devices are architected, configured, staged, and     tested before deployment. --  Managed deployment. VeriSign's expert staff monitors security and     device health 24 hours a day, every day. The Enterprise Security Portal     provides a detailed view of a customer's security devices under VeriSign     management. --  Unparalleled security intelligence. By leveraging VeriSign's iDefense     global network of threat experts, the new service provides security     intelligence on every aspect of a wireless LAN. --  Improved compliance. The new service includes support from the     VeriSign Global Security Consulting team, which helps large enterprises     meet HIPAA, GLBA, PCI and other regulatory assessments. --  Lower operating costs. VeriSign's managed service model allows     companies to redeploy staffing, and reduce training, maintenance and     upfront capital expenses.      

"Wireless LANs are entering mainstream but there is a shortage of skills for managing the networks and threats and issues surrounding them," said Rachna Ahlawat, Research Director of Wireless at Gartner. "There is a need in the market for MSS Providers (MSSPs) that can extend services to include WLAN's security and management."

VeriSign Wireless IPS is the latest addition to VeriSign's Managed Security Services, a part of the VeriSign Layered Security Services Solution, a comprehensive approach to securing business interactions on the Internet, and which encompasses protecting a company's consumers, brand, Web site, and network. VeriSign Layered Security Services is a portfolio of consulting and managed technology services that help companies minimize the complexity, risk, and opportunity costs of trying to keep pace with the contradictory demands for greater ease of access and tighter security.

VeriSign Wireless IPS is currently available in North America and will be available in Europe fall of 2007.

About AirMagnet Inc.

AirMagnet Inc. is the world leader in wireless network assurance. The company's wireless LAN monitoring and analysis products -- available in handheld, laptop and enterprise configurations -- are designed to provide an integrated set of solutions to plan, set up, secure and manage wireless networks. AirMagnet customers -- more than 5,000 organizations worldwide in industries as diverse as manufacturing, financial, retail, service, health care, utility, transportation, education, government and technology -- include 75 of the U.S. Fortune 100. AirMagnet solutions solve Wi-Fi connection problems, block unauthorized access, simplify site surveys and guarantee WLAN performance, compliance and security. Additional information about AirMagnet and its products is available at www.AirMagnet.com.

About VeriSign

VeriSign, Inc. (NASDAQ: VRSN) operates digital infrastructure services that enable and protect billions of interactions every day across the world's voice and data networks. 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 and potential fluctuations in quarterly operating results due to such factors as the risk that VeriSign's announced relationship, including the relationship described herein, may not result in additional customers, profits or revenues; and increased competition. 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, 2005 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.

SOURCE: VeriSign, Inc.


Source: MARKET WIRE

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