Jointly-Developed Secure Transaction and Messaging Solutions to Be Integrated
Into InfoSpace.com's Wireless Internet Services Such as One-Click Buying,
Promotions, E-Mail and Instant Messaging
SAN JOSE, Calif., Jan. 18 /PRNewswire/ -- RSA Security Conference --
VeriSign, Inc. (Nasdaq: VRSN), the world's leading provider of Internet trust
services, and InfoSpace.com (Nasdaq: INSP), a leading provider of
infrastructure services to Web sites, merchants and wireless devices, today
announced that the two companies plan to jointly deliver a broad range of
services aimed at facilitating trusted and secure commerce applications across
the wired and wireless Internet.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990625/INSPLOGO )
By combining VeriSign's strengths in Internet authentication, validation
and payment services with InfoSpace.com's state-of-the art capabilities in
delivering commerce, content and promotions technologies over wireless
networks, the two companies will develop and offer a broader range of services
tailored to merchants, e-commerce service providers, portals and network
operators. These new services will enable enhanced trust and security for
applications being delivered over wireless networks including: secure
registration and end-user authentication for targeted promotions on mobile
devices and one-click buying and bidding; authenticated access to financial
information; and secure, verifiable transactions such as checking bank
balances and trading stock.
InfoSpace.com is committed to supporting a dynamic global market for
secure wireless commerce. As part of that commitment, InfoSpace.com will
partner with VeriSign to provide the first wireless Public Key Infrastructure
(PKI) and encryption solutions for secure transactions over wireless networks.
Through InfoSpace.com's established relationships with the regional bell
operating companies (RBOCs), a distribution network of over 2,100 Web sites,
and its pending acquisitions of leading providers such as Prio, Saraide and
PrivacyBank, the company is bridging the gap between the online, offline and
wireless worlds. Together with Saraide, InfoSpace.com provides commerce and
other services to worldwide carriers including British Telecom Cellnet,
Dutchtone, Panafon, J-Phone, KPN, Omnitel, diAx, Telfort, Libertel, Ben and
North American carriers including AT&T, Sprint, BellSouth, AirTouch, and
Microcell Telecommunications.
As part of the arrangement, InfoSpace.com and VeriSign plan to integrate
each other's services into their own, delivering a joint platform that will be
offered to the large number of merchants, portals and telecommunications
companies that currently license and distribute their services.
"By combining InfoSpace.com's leading commerce and information services
with our ability to enable authentication, real-time validation and secure
payments, we can deliver even more value-added services for a broad range of
businesses and users on wireless devices and across the Internet," said
Stratton Sclavos, president and CEO, VeriSign.
"We have been aggressively moving towards the delivery of advanced
commerce services over wireless devices with the recent announcements of our
one-click buying, promotions and transaction services on wireless devices,"
said Naveen Jain, chairman and CEO, InfoSpace.com. "By partnering with the
leader in Internet trust services to define a new standard of security for
wireless networks, we will be able to offer the most secure commerce services
in the market."
VeriSign and InfoSpace.com will be demonstrating best-in-class wireless
security services at the RSA Conference 2000 being held this week in San Jose,
CA. The demonstration will show how a customer will use a mobile handset to
securely access bank account information, benefiting end users, financial
institutions, wireless carriers and device manufacturers engaged in secure and
trusted e-commerce.
About VeriSign
VeriSign, Inc. is the leading provider of Internet trust services and
digital certificate solutions needed by Web sites, enterprises and individuals
in order to conduct trusted and secure electronic e-commerce and
communications over IP networks. VeriSign's digital certificate services for
Web sites and consumers are available through the company's Web site at
http://www.verisign.com and a growing number of ISPs and Web hosting companies. The
company's digital certificate services for enterprises and electronic
e-commerce service providers are available through regional account
representatives, resellers and global affiliates.
About InfoSpace.com, Inc.
InfoSpace.com is a leading global Internet information infrastructure
company. InfoSpace.com provides infrastructure services to consumers,
merchants and wireless devices. InfoSpace.com's affiliate network consists of
more than 2,100 Web sites. The Company's affiliates include AOL, Microsoft,
Disney/InfoSeek's GO Network, NBC's Snap, Lycos, go2net Inc., DoubleClick, Dow
Jones (The Wall Street Journal Interactive Edition) and ABC LocalNet, among
others. In addition, the Company provides services to a network of wireless
Internet devices including PCs, cellular phones, pages, screen telephones,
television set-top boxes, online kiosks, and personal digital assistants.
These include relationships with Acer America, AT&T Wireless, Nokia, Nextel,
Sprint, Mitsui, Lucent and @Home.
NOTE: VeriSign is a registered trademark exclusively licensed to
VeriSign, Inc. VeriSign OnSite service mark of VeriSign, Inc. All other
trademarks are properties of their respective owners.
This release contains forward-looking statements relating to the
development of InfoSpace.com's products and services and future operating
results, including statements regarding the Company's agreement with VeriSign,
that are subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. The words "believe,"
"expect," "intend," "anticipate," variations of such words, and similar
expressions identify forward-looking statements, but their absence does not
mean that the statement is not forward-looking. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict. Factors that
could affect the Company's actual results include the progress and costs of
the development of the Company's products and services and the timing of
market acceptance of those products and services. A more detailed description
of certain factors that could affect actual results include, but are not
limited to, those discussed in InfoSpace.com's Annual Report on Form 10-K, in
the section entitled "Factors Affecting InfoSpace.com's Operating Results,
Business Prospects and Market Price of StockRisk Factors." Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this release. InfoSpace.com undertakes no
obligation to update publicly any forward-looking statements to reflect new
information, events or circumstances after the date of this release or to
reflect the occurrence of unanticipated events.
SOURCE InfoSpace.com
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Related links:
http://www.infospace.com
Photo Notes:Newscom:
http://www.newscom.com/cgi-bin/prnh/19990625/INSPLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, 888-776-6555 or 201-369-3467
CONTACT:
Joni Hanson of InfoSpace.com, 425-602-0600,
ext. 552, or jhanson@infospace.com; or Jeff Wenker, 650-429-2768,
or Jeff_Wenker@sv.edelman.com, for Verisign, Inc.
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