Carmel Ventures

VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, and mFormation Technologies Inc., a leading provider of mobile device management software, today announced a strategic technology relationship and the launch of the VeriSign Secure Mobile Device Management Service.

Available immediately for operators to trial, the service combines VeriSign’s security expertise with mFormation’s mobile device management platform to create a secure wireless environment, and reduce the time and resources needed to manage devices. The fully managed service can help drive adoption and delivery of next-generation applications and enables operators to quickly add services that drive usage and revenues.

"Wireless data services create new revenue streams but need to be properly supported, secured and delivered," said Ajay Nigam, director, VeriSign Communications Services. "The VeriSign Secure Mobile Device Management Service, built around the mFormation platform, establishes a trusted environment for consumers and helps carriers streamline device management and support.

"By combining mFormation’s mobile device management expertise with VeriSign’s expertise in Internet security and wireless communications, our integrated mobile device management and security offering will enable mobile operators to quickly and securely deliver next-generation services with a lower total cost of ownership," said Upal K. Basu, mFormation co-founder and vice president of marketing and business development.

Addressing Security Concerns

The service features a VeriSign security framework of data services protection that can help drive trust and adoption of wireless data services. The framework covers authentication, privacy and self-care elements that consumers and business users want.

Enterprises are increasingly investing in mobility to gain efficiencies and cut costs, but are still concerned about circumvented security measures and misappropriated proprietary information. Consumers, concerned about online identity theft, are likely to buy mobile content or conduct m-commerce transactions if they have confidence that appropriate privacy and security measures are in place.

Meeting Device Management Needs

According to Gartner, smart phones will account for 2.7 billion units by 2009 and represent 27 percent of all new handsets sold in 2009.(i) As 3G devices and applications merge, carriers can benefit from solutions that efficiently provision, manage and support smart phones, ensure applications are working optimally, improve the user experience and speed availability of new services.

The VeriSign Secure Mobile Device Management service features a centralized way for carriers to remotely manage and configure devices, update firmware using over-the-air (OTA) technology that is Open Mobile Alliance (OMA) compliant and monitor service quality.

With comprehensive security management and diagnostic support, wireless providers can use this service to offer data protection, backup and restore capabilities and privacy-compliant personalization.

VeriSign Communications Services offers telecommunications infrastructure services that enable network operators, Internet portals, media companies and retail brands to integrate communications, commerce and content into a rich and seamless customer experience.

About VeriSign

VeriSign, Inc. 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 mFormation

mFormation Technologies Inc. is the leading provider of mobile device management software, providing a complete solution that enables mobile operators to rapidly accelerate data revenues, reduce support costs and increase customer satisfaction. mFormation’s comprehensive mobile device management platform includes products to configure, update, diagnose, repair, secure, and monitor the quality of software, firmware, settings, and services on mobile devices over their entire lifecycle. More information is available at www.mformation.com.

Trademarks

VeriSign and other trademarks, service marks and logos are registered or unregistered marks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. mFormation and the mFormation logo are registered trademarks of mFormation Technologies, Inc.

Forward Looking Statements

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 inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, including the VeriSign Secure Mobile Device Management service; the possibility that VeriSign’s announced new services may not result in additional 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, 2004 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.

(i) Gartner, Market Focus: Smartphones, Worldwide 2005 (December 2005)