(VRSN) VeriSign Registers Record Numbers of eCommerce Visitors

January 5th, 2010

VeriSign (VRSN) recently announced that it registered a record number of visitors for online sales during the year-end holidays this year. These numbers clearly indicate an increase in traffic on e-commerce sales.

Online shoppers saw the VeriSign seal approximately 789 million times, up roughly 50% year over year. VeriSign seals are common fixtures on web pages of leading merchants. For example, the VeriSign Secured Seal indicates that the Web site is secured by SSL encryption and the identity of the business has been authenticated. VeriSign is the authorized directory provider for roughly over 89 million .com, .net, .cc, and .tv domain names.

VeriSign earlier announced an increase in registry domain name fees for .com and .net, per its agreements with ICANN. This will be effective from July 1, 2010. The registry fee for .com domain names will increase from $6.86 to $7.34 and that the registry fee for .net domain names will increase, from $4.23 to $4.65.

Management stated that the volume of Internet traffic and domain name system (DNS) queries on VeriSign’s global infrastructure has increased from an average of approximately 2 billion queries per day in the year 2000 to more than 50 billion queries per day.

VeriSign will continue with investments to build out the .com and .net infrastructures to manage the increasing demands on the infrastructure brought on by the proliferation of Internet-enabled phones and devices. VeriSign also continues to scale and fortify the .com and .net infrastructures globally to provide protection from increasingly sophisticated cyber attacks.

Headquartered in Mountain View, California, VeriSign provides essential Internet infrastructure services to companies, service providers and website owners.

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