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VeriSign settles its lawsuit with ICANN

VeriSign announced it has reached agreement to settle its lawsuit with the Internet Corporation for Assigned Names and Numbers (ICANN).

VeriSign yesterday announced it has reached agreement to settle its lawsuit with the Internet Corporation for Assigned Names and Numbers (ICANN).


VeriSign and ICANN reached an agreement that strikes the important balance of providing business certainty for VeriSign and other registry operators while ensuring that ICANN can play an effective and clearly established role as technical coordinator.


A critical component to strike that balance is a framework that establishes processes and guidelines for the introduction of new services, provides business certainty for top-level domain name registry operators and embraces a sensible market approach to registry pricing. VeriSign and ICANN also agreed to extend the .com registry agreement through 2012.



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