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Friday, March 12, 2010

VeriSign to spend more than $300M on tech upgrades

SAN FRANCISCO — 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>>>

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