B of A Conference: VeriSign Sees Self as Internet's First Utility - TheStreet

B of A Conference: VeriSign Sees Self as Internet's First Utility

The company, which boasts 2 billion interactions a day, plans a Net database to distribute phone numbers.
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SAN FRANCISCO -- VeriSign (VRSN) - Get Report has its tentacles in so many corners of the Internet that its chief executive, Stratton Sclavos, had a hard time naming them all in a 30-minute presentation at the Banc of America Investment Conference here Monday.

VeriSign,

Network Solutions'

parent company, provides domain names, a definitive directory of more than 25 million Web addresses, runs the infrastructure that propagates this information throughout the Internet and offers security services like authentication and payment, among many others.

Sclavos said that the company already has 2 billion user interactions per day and will increase that number through new offerings like registering domain names using foreign characters, which will be available in October. Next quarter, the company will begin testing a database for the distribution of billions of phone numbers over the Internet, adding to its existing URL database. In spring 2001, the company will offer new services to prevent the registering of domain names that spoof other Web addresses.

All of this "sets us up to be the Internet's first utility," Sclavos said.

In addition, the company recently agreed to provide Internet security services for Spain's

Telefonica

(TEF) - Get Report

and is about to move into the B2B arena.