VeriSign Inc., a leading provider of critical infrastructure services for Internet and telecommunications networks, 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.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), delivers critical infrastructure services that make the Internet and telecommunications networks more intelligent, reliable, and secure. Every day VeriSign helps thousands of businesses and millions of consumers connect, communicate, and transact with confidence. Additional news and information about the company is available at http://www.verisign.com.
