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For Immediate Release SKYBOX SECURITY AND VERISIGN ANNOUNCE STRATEGIC PARTNERSHIP FOCUSED ON DELIVERING UNIQUE SECURITY RISK PROFILING SERVICE Partnership Creates Industry's First Comprehensive Security Risk Profiling Service Powered by Skybox Virtual Modeling and Simulation Technology MOUNTAIN VIEW AND SAN JOSE, CA - March 21, 2006 - Skybox® Security, Inc., the leader in Security Risk Management (SRM), and VeriSign, Inc., the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced a strategic partnership to deliver the industry's first comprehensive security risk profiling service. This unique service is designed to help enterprises identify, visualize and quantify information security risks in order to make better operational and financial decisions. VeriSign is the first managed security services provider (MSSP) delivering the Skybox View™ product as a service to enterprises (see "VeriSign Introduces Security Risk Profiling Service"). The VeriSign® Security Risk Profiling Service leverages capabilities from VeriSign® Managed Security Services, VeriSign® Global Security Consulting and VeriSign® iDefense Security Intelligence Services and combines it with industry-leading modeling and simulation technology from Skybox Security. This partnership validates the SRM market need and confirms Skybox's market and technology leadership. With the VeriSign Security Risk Profiling Service, global organizations - for the first time - will have a comprehensive and risk-based approach to Security Risk Management delivered through a services-model in order to:
"Today's IT infrastructure risk and threat assessment process is uncertain, requiring security professionals to look for more effective means to understand and quantify potential risks to their networks," said Chris Babel, vice president of Managed Security Services for VeriSign. "Skybox View's unique virtual modeling and simulation capability, when delivered as a service through VeriSign, will allow enterprises to employ a proactive security risk assessment process that quantifies and links threats to their potential business impacts in real-time." Over the past 2 years, IT Security Risk Management (IT SRM) has emerged as the complete process of understanding threats, quantifying risk, prioritizing vulnerabilities, auditing security controls and reducing unnecessary patches through a continuously refreshed security risk profile. According to IDC estimates, the IT SRM market is expected to grow from $328 million in 2005 to $500 million in 2007. "Offering our Security Risk Management software as part of a comprehensive managed service through a leading MSSP is a natural evolution of our go-to-market strategy. We chose VeriSign as our first strategic partner because a significant number of organizations want our software as part of a comprehensive MSSP offering. VeriSign's extensive global security consulting and device management expertise, as well as their proven service delivery model, expands our market reach towards the goal of establishing SRM as a best practice," said David Batista, president and chief executive officer for Skybox Security. About VeriSign VeriSign, Inc. (Nasdaq: VRSN), operates intelligent 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 . About Skybox Security Skybox® Security pioneered the science of quantifiable security risk analysis and is driving the advancement of the Security Risk Management (SRM) market. The company's award-winning product Platform, Skybox View™, is the first software solution to create a virtual model of an organization's network security and access profile. This virtual model can be safely attacked, changed and analyzed for the purpose of improving the security profile of the network as well as validating the impact of proposed security and access controls within defined network policies. The result is a more secure network, operational efficiency and reduced IT workload. Skybox View Platform supports two major applications - Skybox Secure™ and Skybox Assure™ - through a modular, scalable Platform. Additional news and information about the company is available at www.skyboxsecurity.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 strategic relationships, including the relationship with Skybox described herein, 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, 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.
Contact: Brendan P. Lewis Leslie Kesselring |
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