MOUNTAIN VIEW, CA. November 25, 2003 – VeriSign Inc., a leading provider of
critical infrastructure services for Internet and telecommunications networks,
today announced the completion of the sale of its Network Solutions domain name
registrar business to Pivotal Private Equity. The customer-facing registrar
business is the world’s leading provider of domain name registration services,
and an industry leader in value added services such as business email, website
hosting and other web presence services.
VeriSign previously announced a definitive agreement to sell the Network
Solutions business unit on October 16, 2003. Under the terms of the agreement,
VeriSign will retain a 15% equity stake in the company.