VeriSign is selling non-core assets

VeriSign announced a massive restructuring to sell non-core assets to focus on its core business of domain name registration and site certification. As is known, the domain business giant is the main registrar of .com, .net, .tv domains, and also supports two of the root DNS servers and issues certificates for the Secure Socket Layer (SSL) system. VeriSign has been working in this area since its inception twelve years ago. “The two absolutely key services we have are SSL and DNS,” said Ken Silva, vice president and security director at VeriSign. “We have been involved in the creation of these markets since the creation of these protocols ... They are at the very heart of what we are doing.” It is these assets that bring VeriSign the bulk of the profits, and all the excess is planned to be sold.

Survive the restructuring and division VeriSign Identity Protection. According to management, the business of protecting domains from cybersquatters has good growth prospects.

The owner will be replaced by a number of divisions, including communication services and a division of payment systems. It may also be sold units Managed Security Services, Mobile Messaging and Content Delivery Network. The sale of assets will be carried out during 2008, the deadline is the beginning of 2009.
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via Internet News