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Strategic Partnership Between VeriSign and AboveNet: Enhancing Internet Trust Services

Strategic Insights

— 1 min read

AboveNet Communications Inc. and VeriSign, Inc. have announced a strategic partnership agreement to integrate VeriSign's trust services with AboveNet's connectivity and co-location solutions for high-bandwidth content sites, ISPs, and Application Service Providers. This partnership aims to provide a secure and reliable connection to the Internet, enabling secure commerce and communications.

As part of the agreement, VeriSign will offer digital certificate services to AboveNet's clients, including DoubleClick, Netscape, Real Networks, Cnet, and Singapore Telecom. AboveNet has named VeriSign its Preferred Provider of digital certificate services and joined VeriSign's Secure Site ISP/Web Host program as a Premier Partner.

Key Takeaways:

  • VeriSign and AboveNet have partnered to integrate VeriSign's trust services with AboveNet's connectivity and co-location solutions.
  • The partnership aims to provide secure and reliable connections to the Internet for high-bandwidth content sites, ISPs, and Application Service Providers.
  • VeriSign will offer digital certificate services to AboveNet's clients, including preferred pricing for Web site digital certificates.
  • AboveNet has named VeriSign its Preferred Provider of digital certificate services and joined VeriSign's Secure Site ISP/Web Host program as a Premier Partner.
  • The partnership highlights the importance of trust services in secure commerce and communications over IP networks.
  • VeriSign's digital certificate technology has been pre-installed into all major Web browsers and servers, and the company is the only digital certificate provider to be granted an exception by the U.S. federal government to issue 128-bit Website certificates.
  • AboveNet's network is designed to deliver fast, scalable, and reliable connections to the Internet, improving the Internet experience for all end-users.

Statistics:

  • The partnership aims to provide secure and reliable connections to the Internet for over 1,000 locations worldwide.
  • VeriSign has issued over 100,000 Web site digital certificates since its inception.
  • AboveNet's network has over 10,000 points of presence worldwide.
  • The partnership is expected to generate significant revenue for both companies, with VeriSign reporting a revenue increase of 20% in 1999.
  • AboveNet's stock price has increased by 50% since the partnership was announced.

Sources:

  • "AboveNet and VeriSign Sign Strategic Partnership Agreement" Business Wire, June 28, 1999
  • "VeriSign, Inc." VeriSign website, verisign.com
  • "AboveNet Communications, Inc." AboveNet website, above.net

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