Mountain View, Californiabased network infrastructure giant, VeriSign, has
announced plans to divest several of its slower business units and focus more on
its core internet security and DNS operations.
Revenue growth, profit margins, and net income “will be higher” after the
spinoffs are complete, executives said. The company did not give an exact
timeline for the plan, but did say that its telecommunications, billing, and
ecommerce divisions would be among the units affected.
VeriSign’s core business involves a number of key internet operations, including
the DNS switchboards that direct traffic to all websites on .com and .net
domains. It also manages the licensing of these domain extensions, and provides
a wide range of internet security and authentication services.