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October 1, 2009

AT&T snaps up VeriSign’s global security consulting business

Expects to strengthen its consulting and risk analysis capabilities

By CBR Staff Writer

AT&T has acquired VeriSign’s global security consulting business in a transaction that aligns VeriSign’s security consulting experience in comprehensive risk assessment with its suite of network-based cybersecurity services. Terms of the deal were not disclosed.

VeriSign’s global security consulting services business helps companies understand corporate security requirements, navigate diverse regulations, identify security vulnerabilities, defend against and respond to attacks, reduce risk and meet business and industry security compliance requirements.

AT&T said that security cannot rest in a singe layer of defense and security intelligence must be embedded in all network layers to determine threats to network and application performance and address risks.

Ron Spears, president and CEO of AT&T Business Solutions, said: AT&T delivers today’s most powerful weapons to help combat cybersecurity attacks. Our network security solutions rely on three key ingredients – a scalable, reliable global IP network, security experts with in-depth, hands-on experience, and the innovation and research of AT&T Labs.

Mr Spears said that the combined capabilities of VeriSign’s security consulting business with its global reach, networking and security portfolio will broaden the company’s consulting and risk analysis expertise and will enable it to develop capabilities to address the evolving security needs of businesses around the world.

Mark McLaughlin, president and CEO of VeriSign, said: Through the sale of the Global Security Consulting business, VeriSign continues toward its divestiture goals while aligning with buyers with complementary strengths. AT&T is a recognized leader who we believe will facilitate a smooth transition for customers and partners while presenting the most promising opportunities for our employees.

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