VeriSign to spend more than $300M on tech upgrades (Update)

Mar 11, 2010

VeriSign Inc., whose technology is key to allowing Internet users to access Web sites with names ending in ".com" and ".net," plans to spend more than $300 million over the next decade to upgrade its systems.

The upgrades will allow VeriSign's machines to handle up to 4 quadrillion requests per day from computers trying to reach those sites. That's a thousand times more lookups than the 4 trillion per day that the company can currently handle.

Ken Silva, the company's chief technology officer, said Thursday that the latest changes are needed to keep up with ballooning Internet traffic and with spikes in usage caused by major news events and computer attacks.

Traffic volume is expected to soar along with the expansion of technologies such as Internet-connected televisions, navigation systems and video streaming.

VeriSign is in two big businesses that are critical to the functioning of the Internet but both remain largely out of the public's view.

The most recognizable business involves selling "certificates" that Web sites can use to tell Web browsers that they are using encryption to protect data passing between a user's computer and the Web site's servers. That's important for banking and e-commerce sites in protecting customers' data. VeriSign is one of several large vendors of such Secure Sockets Layer (SSL) certificates.

VeriSign also operates the registry of all ".com" and ".net" domain names. That means it's responsible for ensuring that Internet users can reach sites registered with those names.

When someone enters a Web address into a browser, the traffic doesn't go directly to servers operated by that Web site. It often has to go through servers operated by VeriSign and other companies to translate the written name, such as verisign.com, into a numeric Internet Protocol, or IP, address that computers can understand.

The last major infrastructure upgrade VeriSign announced was in 2007, when the company said it would spend more than $100 million to boost capacity tenfold by 2010.

The amount represented about a quarter of the total $373 million VeriSign spent in those three years on all its capital expenditures.

Last year the VeriSign, which is based in Mountain View, earned $245.6 million on revenue of $1.03 billion.

Explore further: Hand out money with my mobile? I think I'm ready

not rated yet
add to favorites email to friend print save as pdf

Related Stories

F-Secure buys out ROMmon

Nov 30, 2005

F-Secure launched Wednesday a new system to protect Internet service providers from network abuse by buying out ROMmon.

Tech 101: How a denial-of-service attack works

Jul 08, 2009

(AP) -- Investigators are piecing together details about one of the most aggressive computer attacks in recent memory - a powerful "denial-of-service" assault that overwhelmed computers at U.S. and South Korean ...

Few note virtualization's 'stealthy creep'

Oct 10, 2005

Virtualization, a concept that replaces the old model of a computer as a single “box” running only its own operating system and storing only its own data in its own format, is likely to revolutionize the IT industry.

Recommended for you

Hand out money with my mobile? I think I'm ready

Apr 17, 2014

A service is soon to launch in the UK that will enable us to transfer money to other people using just their name and mobile number. Paym is being hailed as a revolution in banking because you can pay peopl ...

Quantenna promises 10-gigabit Wi-Fi by next year

Apr 16, 2014

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Tech giants look to skies to spread Internet

Apr 16, 2014

The shortest path to the Internet for some remote corners of the world may be through the skies. That is the message from US tech giants seeking to spread the online gospel to hard-to-reach regions.

Wireless industry makes anti-theft commitment

Apr 16, 2014

A trade group for wireless providers said Tuesday that the biggest mobile device manufacturers and carriers will soon put anti-theft tools on the gadgets to try to deter rampant smartphone theft.

Dish Network denies wrongdoing in $2M settlement

Apr 15, 2014

The state attorney general's office says Dish Network Corp. will reimburse Washington state customers about $2 million for what it calls a deceptive surcharge, but the satellite TV provider denies any wrongdoing.

Netflix's Comcast deal improves quality of video

Apr 14, 2014

Netflix's videos are streaming through Comcast's Internet service at their highest speeds in the past 17 months now that Netflix is paying for a more direct connection to Comcast's network.

User comments : 0

More news stories

LinkedIn membership hits 300 million

The career-focused social network LinkedIn announced Friday it has 300 million members, with more than half the total outside the United States.