VeriSign Acquires R4 Global Solutions

06/15/2005

VeriSign, Inc., a key provider of intelligent infrastructure services for the Internet and telecommunications networks, recently purchased R4 Global Solutions, a leading provider of consulting services for companies evolving their supply chains with the implementation of RFID, Electronic Product Codes (EPC), and other data sources. Mountain View, Calif.-based VeriSign purchased R4 Global Solutions for $15 million in cash.

“The use of RFID and other data sources is quickly changing the supply chain as companies realize the increased value of real-time visibility from their trading networks,” said Mark McLaughlin, senior vice president and general manager of VeriSign’s Naming and Directory Services. “Adding solution consulting capabilities to VeriSign’s Intelligent Supply Chain Services will enable us to work closely with leading companies to deliver the greatest benefit from the coordination and sharing of data.”

VeriSign provides intelligent infrastructure services that enable and secure interactions in an increasingly networked, global supply chain. Companies at the forefront of RFID adoption are shifting from simply complying with industry mandates, to a strategic focus on business process improvements enabled through greater collaboration and enhanced visibility. The acquisition of R4 Global Solutions positions VeriSign with an increased set of key customer relationships and services capabilities in this emerging market. Their projects for customers such as Levi Strauss & Co., McKesson, and Land O'Lakes, span from RFID enablement, to more sophisticated networking scenarios such as Cross-Docking, Cold Chain and ePedigree.

As Christine Overby, Forrester principal analyst, stated in her March 2005 report, RFID: The Complete Guide, "The Internet has radically changed the way business is conducted, and it will continue to do so. Over the next decade, more companies will use the Internet to connect to physical assets, products, and devices. This trend, which Forrester calls the extended Internet (X Internet), will help companies boost regulatory compliance, increase customer loyalty, and drive up margins."