New Program Expands on Success of 2011 Grants, Focuses on
Strengthening Infrastructure for Global Access and the
RESTON, VA (Marketwire) - VeriSign, Inc. (NASDAQ: VRSN
), the trusted provider of infrastructure for the networked
world, today announced the expansion of a grant program
designed to promote cutting-edge research into
strengthening and improving the Internet's global
infrastructure. This year's program will focus
specifically on fostering infrastructure improvements that
support safe and secure Internet access for users around
the globe, especially in the developing world.
In July 2012 Verisign will award two $200,000 grants to the
researchers who submit the most compelling proposals
focused on the infrastructural and access challenges facing
developers, service providers and most importantly, users
in the developing world and elsewhere. The 2012 grants
represent a continuation and expansion of a successful
grants program that concluded in October 2011. Full details
of the grant program, including details on how to apply,
are available at .
"The continuing success of the Internet's global
expansion will hinge on the existence of robust, secure and
constantly improving core infrastructure," said Dr.
Burt Kaliski, Jr., senior vice president and chief
technology officer of Verisign. "Verisign has always
been committed to upholding the stability and security of
the Internet and is proud to support the research that will
keep the infrastructure strong for the next billion
Internet users in the developing world."
Verisign launched the Infrastructure Grant Program in 2010
to coincide with a yearlong celebration of the 25th
Anniversary of .Com. In the inaugural program, Verisign
awarded four $75,000 grants (for a total of $300,000) to
university researchers to support compelling infrastructure
research projects. That program concluded in October 2011,
when the four winning researchers presented their findings
at a grant symposium at the Newseum in Washington, D.C.
Building off of the success of the inaugural program,
Verisign has both increased the size and narrowed the focus
of the grants in 2012, soliciting research that focuses on
the infrastructural and access challenges faced by users in
the developing world and elsewhere.
To judge the grant submissions, and determine the final
grant awardees, Verisign is assembling a blue ribbon panel
of experts who have played leading roles in developing the
policies and technology that have supported the
Internet's growth. The full list of judges will be
posted in the coming weeks.
Verisign will announce the winners of the 2012
Infrastructure grants in summer 2012.
VeriSign, Inc. (NASDAQ: VRSN) is the trusted provider of
Internet infrastructure services for the networked world.
Billions of times each day, Verisign helps companies and
consumers all over the world connect between the dots.
Additional news and information about the company is
available at .
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 as amended and Section 21E of the Securities Exchange
Act of 1934 as amended. 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
increasing competition, pricing pressure from competing
services offered at prices below our prices and changes in
marketing practices including those of third-party
registrars; challenging global economic conditions;
challenges to ongoing privatization of Internet
administration; the outcome of legal or other challenges
resulting from our activities or the activities of
registrars or registrants; new or existing governmental
laws and regulations; changes in customer behavior,
Internet platforms and web-browsing patterns; the inability
of Verisign to successfully develop and market new
services; the uncertainty of whether our new services will
achieve market acceptance or result in any revenues; system
interruptions; security breaches; attacks on the Internet
by hackers, viruses, or intentional acts of vandalism; the
uncertainty of the expense and duration of transition
services and requests for indemnification relating to
completed divestitures; the uncertainty of whether Project
Apollo will achieve its stated objectives; the impact of
the introduction of new gTLDs; the uncertainty of whether
the .com Registry Agreement renewal will occur by December
1, 2012, if at all; and when a Chief Financial Officer will
be named. 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, 2010, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K. Verisign undertakes no
obligation to update any of the forward-looking statements
after the date of this announcement.
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