(COMTEX) B: VERISIGN COMPLETES ACQUISITION OF SIGNIO
B: VERISIGN COMPLETES ACQUISITION OF SIGNIO
MOUNTAIN VIEW, Calif., Feb 29, 2000 /PRNewswire via COMTEX/ --
VeriSign, Inc. (Nasdaq: VRSN), the leading provider of Internet trust
services, today announced the completion of its acquisition of
privately held Signio, Inc., a leading provider of payment-services
connecting online merchants, B2B exchanges, payment processors and
financial institutions on the Internet. VeriSign will issue
approximately 5.6 million shares of VeriSign common stock for all of
the issued and outstanding capital stock of Signio and will assume
Signio's outstanding employee stock options. The acquisition will be
accounted for as a purchase transaction.
About VeriSign VeriSign, Inc. is the leading provider of Internet trust
services -- including authentication, validation and payment -- needed
by Web sites, enterprises and e-commerce service providers to conduct
trusted and secure electronic commerce and communications over IP
networks. VeriSign's trust services for Web sites, developers and
individuals are available through www.verisign.com and through 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.
About Signio Signio, Inc. delivers a highly scalable and reliable
Internet payment platform to help businesses profit from the rapidly
expanding e-commerce market. With its revolutionary flat-fee monthly
pricing model and growing menu of services, Signio brings affordability
and convenience to the process of selling online. Signio provides
seamless connectivity across the Internet, from e-commerce applications
to all major back-end payment processors and quickly enables companies
to authorize, process, and manage multiple payment types (including
credit cards and electronic checks), multi-currency options and
different payment schemes. With solutions for merchants, financial
institutions, ISOs, ISPs and developers, Signio has a growing list of
notable customers, including CBS Sportsline, C/NET Store.com,
Furnitureonline.com, Network Solutions, Prime Sports Interactive,
wine.com, and WebMD. Signio's investors include Intuit, Bank of America
and Wells Fargo. Signio is headquartered in Redwood Shores, CA. Signio
announced on December 20, 1999, that it will be acquired by VeriSign,
Inc, the leading provider of Internet trust services. For more
information about Signio, visit signio.com
NOTE: VeriSign is a registered trademark exclusively licensed to
VeriSign, Inc.
SOURCE VeriSign, Inc.
(C) 2000 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: media, Jeff Wenker of Edelman Public Relations Worldwide,
650-429-2768, or jeff_wenker@edelman.com, for VeriSign, Inc.;
or investors,
Kathleen Ochsner of VeriSign, Inc., 650-429-3512, or
kochsner@verisign.com
WEB PAGE: verisign.com
signio.com
GEOGRAPHY: California
INDUSTRY CODE: MLM
CPR
SUBJECT CODE: TNM
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