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Technology Stocks : VeriSign (VRSN)
VRSN 250.70-0.9%11:17 AM EST

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To: mrc who wrote (802)12/4/1999 5:38:00 PM
From: Patriarch  Read Replies (1) of 1285
 
Verisign Partners With INTERSAT SA to Provide Internet Trust Services To Greece

Greece's Leading Telecom Provider Will Join VeriSign's Global Affiliate Network to Meet Customer Demands for Secure B2B and B2C E-Commerce Services


December 3, 1999 11:00 AM
MOUNTAIN VIEW, Calif., Dec. 3 /PRNewswire/ -- VeriSign, Inc. VRSN , the leading provider of Internet trust services, today announced a partnership with INTERSAT SA, a high-tech Greek company in the fields of telecommunications, Internet and digital video broadcasting services, to provide digital certificate and public key infrastructure (PKI) services in Greece, Cyprus (Greek part) and the South Eastern Europe countries (including Hungary, Czech Republic, Albania, Bosnia-Hezergovina, Bulgaria, Croatia, F.Y.R. of Macedonia, Romania, Slovenia, Slovakia, Ukraine and Yugoslavia). Under terms of the agreement, INTERSAT SA will become a member of VeriSign's Global Affiliate Network, an expanding group of international service providers which utilize common technology, operating practices and infrastructure to deliver interoperable trust services over the Internet.
Digital certificates and PKI can be used to secure a wide range of business-to-consumer (B2C) and business-to-business (B2B) applications over the Internet. Acting as electronic credentials, digital certificates support identity verification, communication privacy and transaction confirmation in on-line merchant, financial service, supply-chain management and virtual private network (VPN) environments.

"INTERSAT SA operates in one of the world's most evolving markets for Internet usage over both wired and wireless connections," said Richard Yanowitch, executive vice president of marketing for VeriSign. "We believe that INTERSAT SA's local presence, well-respected brand and e-commerce application expertise coupled with VeriSign's scalable technology platform and market-leading services will provide Greece with trusted e-commerce solutions."

"The recent growth of e-commerce in Greece and the volume of Internet trust services needed to secure such transactions, led us to partner with VeriSign," said Stavros Karaguloglou, vice chairman & general manager of INTERSAT SA. "VeriSign's technology is field-tested, and offers proven security, interoperability, scalability and ease of use."

VeriSign Affiliates combine VeriSign's global Internet expertise with their own e-commerce services to serve customers in their local language, currency, and legal system. Key e-commerce applications that require Internet trust services include employee intranets, supply chain extranets, virtual private networks (VPNs), and large scale e-commerce applications such as e-banking, e-brokerage, and e-healthcare.

As a member of the VeriSign Affiliate Network, INTERSAT SA will offer VeriSign's Internet trust services, including:

-- VeriSign OnSite(SM) -- a managed Public Key Infrastructure (PKI) service for enterprises, government agencies, and e-communities. -- VeriSign Go Secure! -- rapid deployment services that secure applications such as Microsoft Exchange, SAP and VPNs for e-commerce. -- Digital Certificate Services for Web sites and Individuals -- certificates to secure transactions and communications for individual e-businesses and consumers.

In addition to its locally-operated services, INTERSAT SA will be able to leverage VeriSign's global trust infrastructure, including:

-- The VeriSign Trust Network (VTN) -- the world's largest network of globally-interoperable digital certificates providing a common set of technology, infrastructure, and practices to establish a universal foundation of trust across international boundaries. -- Authorized Training Centers and Business Readiness Services -- knowledge transfer services that facilitate the rapid deployment of large-scale Internet trust services.

VeriSign Affiliates

There are now 20 VeriSign international Affiliates delivering co-branded digital certificate services under common trust principles. They are: in Europe, British Telecommunications (U.K.), Certplus (France), Comparex Holdings (Germany), KPN Telecom (the Netherlands), Roccade Megaplex (the Netherlands, Belgium, and Luxembourg), Adacom (Greece and the Balkans), INTERSAT SA(Greece), Telia (Nordic and Baltic countries) and a service center affiliate in Ireland; in Asia, VeriSign (Japan), HiTrust (Taiwan) and CrossCert (Korea); in Australia, eSign; in Africa, SACA (South Africa); in the Americas, AT&T (U.S.), VPN Tech (Canada), CIBC (Canada), Certisign (Brazil) and Certisur (Argentina); and in the Middle East, ArabTrust.

VeriSign, Inc.

VeriSign, Inc. is the leading provider of Internet trust services and digital certificate solutions needed by Web sites, enterprises and individuals in order to conduct trusted and secure electronic commerce and communications over IP networks. VeriSign's digital certificate services for Web sites and consumers are available through the company's Web site at www.verisign.com and a growing number of ISPs and Web hosting companies. The company's digital certificate services for enterprises and electronic commerce service providers are available through regional account representatives, resellers, and global Affiliates.

NOTE: VeriSign is a registered trademark exclusively licensed to VeriSign Inc. OnSite is a service mark of VeriSign Inc. All other trademarks are properties of their respective owners.

SOURCE VeriSign, Inc.
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