VeriSign and Bantu Form Partnership to Provide Certificate-Based Secure Instant Messaging Solution
MOUNTAIN
VIEW, CA, July 16, 2001 –
VeriSign, Inc. (NASDAQ NM: VRSN), the world's leading provider of Internet trust
services, today announced a partnership with Bantu, Inc., the leader in secure,
business-grade instant messaging (IM) and presence technology. The companies
are partnering to integrate VeriSign’s market-leading Certificate Services and
Secure Messaging technology with Bantu’s IM & Presence Platform, to create
the first certificate-based IM solution for enterprises, communications providers
and governments. The combination of technologies will ensure business IM users
with one of the highest standards of user authentication and encryption security
available in the market today.
“Together,
our digital certificate technology and Bantu’s Web-based IM and presence technology
create a new standard for secure instant messaging,” said Mahi de Silva, VeriSign’s
Vice President, Applied Trust Services. “In response to customer demand for
secure instant messaging, we found Bantu’s technology platform and architecture
was a natural fit for our Secure Messaging infrastructure. VeriSign is pleased
to partner with Bantu, the leading secure and business-focused IM solution on
the market.”
Bantu’s
IM and presence technology will integrate VeriSign’s digital certificate technology.
The combined solution results in a highly secure and private communication channel
between parties. Digital certificates are considered a critical element for
the most secure means for transacting business over the Internet today as they
provide a way to authenticate identities over the Internet and enable secure,
encrypted browser-to-server and user-to-user communications.
With
this Secure Messaging solution, corporations will be assured of market-leading
user authentication protection; in addition, the content of their instant messages
will remain private from unauthorized third parties. Millions of people already
realize these benefits by using VeriSign PKI technology in their e-business
activities. This joint solution enables these VeriSign customers to leverage
their existing PKI infrastructure with Bantu’s IM.
“The enterprise
market for IM is experiencing explosive growth, and ironclad security is a top
priority for organizations seeking business-grade collaboration tools,” said
Bantu’s President and CEO Larry Schlang. According to IDC, corporate IM users
are expected to rocket to 181 million in 2004 from 6 million in 1999. “Partnering
with the most recognized name in Internet trust services extends Bantu’s position
as the leader in IM security. It enables us to offer additional levels of security,
satisfying customers’ diverse security requirements.”
About VeriSign:
VeriSign,
Inc. (NASDAQ NM: VRSN) is the leading provider of trusted infrastructure services
to Web sites, enterprises, electronic commerce service providers and individuals.
The company's domain name, digital certificate and payment services provide
the critical Web identity, authentication and transaction infrastructure that
online businesses require to conduct secure e-commerce and communications. VeriSign's
services are available through its Web site (www.verisign.com) or through its direct sales
force and reseller partners around the world.
About Bantu, Inc.:
\ban’too\ 1 : Ancient root language of the African people; 2 : Leading provider
of secure, business-grade instant messaging and presence technology for the
commercial market. Bantu is based in Washington, D.C. Its customers and partners
include Citrix, the Cellular Telecommunications & Internet Association (CTIA),
Corechange, Johns Hopkins University, SAIC, Sprint, and SRA/Assentor. (www.bantu.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, VeriSign's
limited operating history under its
current
business structure, uncertainty of future revenue and profitability and potential
fluctuations in quarterly operating results, increased competition, risks associated
with the company's international business and risks related to potential security
breaches. 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, especially in the company's Annual Report on Form 10-K
for the year ended December 31, 2000. VeriSign undertakes no obligation to update
any of the forward-looking statements after the date of this press release.
VeriSign is a registered trademark of VeriSign, Inc. Other names may be trademarks of their
respective owners.