CoreHarbor and VeriSign Join Forces to Deliver Trusted E-Commerce Solutions.Business Editors/High Tech Writers ATLANTA & MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 8, 2000 VeriSign (Nasdaq: VRSN VRSN Verisign, Inc. (stock abbreviation, AMEX) VRSN Version Number (NEC) ), the leading provider of Internet trust services, and CoreHarbor, Inc., a leading e-commerce application service provider (ASP), today announced an agreement to integrate VeriSign's full line of e-commerce solutions with CoreHarbor's ProcureEdge(SM), a hosted eProcurement solution powered by Ariba. The agreement offers CoreHarbor's customers a "one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. " approach to deploying secure, eCommerce solutions using VeriSign's proven, scalable and trusted managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality . "Businesses need scalable managed services to get their Internet applications to market quickly and reliably," said Anil Pereira, Senior Vice President of VeriSign's Internet Services Group. "VeriSign and CoreHarbor recognize this need. Together we will enable businesses to rapidly deploy trusted business-to-business e-commerce." Under terms of the agreement, CoreHarbor joins VeriSign's Secure Site ISP/Web Host Program as a Premier Partner and VeriSign becomes CoreHarbor's Preferred Provider of trust services for its rapidly growing business customer base. CoreHarbor will integrate VeriSign's Commerce Site e-commerce solutions, including Web site digital certificates and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services, into its hosting packages and e-commerce services, automating the customer enrollment and lifecycle process. Commerce Site services combine VeriSign Web site digital certificates technology with VeriSign Internet transaction processing technology to enable authenticated and encrypted communications between servers and browsers and secure transaction processing across the Internet. CoreHarbor's partnership with VeriSign completes the security framework surrounding the ProcureEdge solution, including intrusion detection See IDS and IPS. , proactive monitoring, virtual private network and firewall technologies. "As B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. proliferates, suppliers must quickly integrate business systems into one or several networks," said Jay Chaudhry, chief executive officer of CoreHarbor. "VeriSign's full range of e-commerce trust solutions instill in·still v. To pour in drop by drop. in  stil·la tion n. customer confidence in CoreHarbor's services and add unique value to the ProcureEdge solution. Combining VeriSign's innovative security technology with ProcureEdge will permit companies to safely and securely take advantage of B2B e-commerce." VeriSign's PartnerNet Program enables Premier Partner ISPs, ASPs and Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. companies to integrate VeriSign's comprehensive range of e-commerce services into their own customer offerings. Premier Partners receive volume discounts, dedicated account management, Premier technical support and co-marketing programs, as well as an online single interface to easily manage customer accounts. In order to qualify, prospective members must reach and maintain a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: volume of e-commerce service purchases. Providers may apply for membership in the program at http://www.verisign.com/isp/index.html. CoreHarbor's ProcureEdge is a comprehensive eProcurement solution including in-depth business analysis, rapid implementation, ready-to-go secure hosting of the Ariba Buyer technology, and ongoing management and support. CoreHarbor will integrate VeriSign's digital certificates, electronic credentials enabling authentication and encryption, between users and their hosted applications over the Internet, with ProcureEdge, further strengthening the security of the hosted applications and servers. About VeriSign VeriSign, Inc. (Nasdaq: VRSN) is the leading provider of trusted infrastructure services to Websites, enterprises, electronic commerce service providers and individuals. The company's domain name, digital certificate and payment services provide the critical Web identity, authentication and transaction infrastructure that online businesses require to conduct secure e-commerce and communications. VeriSign's services are available through its Websites (www.verisign.com and www.netsol.com) or through its direct sales force and reseller partners around the world. About CoreHarbor, Inc. CoreHarbor is a business-to-business eCommerce application service provider (ASP), offering rapid deployment and management of ready-to-go hosted eCommerce solutions including eProcurement, eMarketplaces, and eAuctions. With a singular eCommerce focus, CoreHarbor delivers the Ariba B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Commerce Platform, secure infrastructure, ongoing management and support, and unparalleled expertise for eBusiness and technology implementation. CoreHarbor has best-of-breed partners including Ariba (Nasdaq: ARBA), Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing , Check Point Software (Nasdaq: CHKP CHKP Check Point Software Technologies Ltd. (stock abbreviation, AMEX) ), Hewlett-Packard (Nasdaq: HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ), Internet Security Systems (Nasdaq: ISSX ISSX Internet Security Systems Inc. (stock abbreviation, AMEX) ), Paymentech and VeriSign (Nasdaq: VRSN), allowing for the most complete eCommerce solutions in the industry. CoreHarbor can be contacted in Atlanta at 800.267.3151 or visit www.CoreHarbor.com. Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in VeriSign's stock price, uncertainty of Internet privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned , increased competition in the domain name registration business including price competition, customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services, risks associated with the company's international business, uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. 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, especially in the company's Registration Statement on Form S-4 filed on April 12, 2000, as amended, Annual Report on Form 10-yK for the year ended December 31, 1999 and Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended June 30, 2000. VeriSign is a registered trademark of VeriSign, Inc CoreHarbor is a registered trademark of CoreHarbor, Inc. ProcureEdge is a registered service mark of CoreHarbor, Inc. Other product and company names mentioned herein are trademarks of their respective owners. |
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