ICANN Board Approves Renewal of .COM Registry Agreement
Posted in: Domain Names at 27/06/2012 04:41
[news release] VeriSign, Inc., the trusted provider of Internet infrastructure services for the networked world, today announced that the Board of Directors of ICANN approved at a meeting on June 23, 2012 the renewal of Verisign's agreement to serve as the authoritative registry operator for the .com registry for the term commencing on December 1, 2012 through November 30, 2018. The Verisign Board of Directors approved the renewal of the .com registry agreement on June 16, 2012.
The U.S. Department of Commerce (the Department) will now undertake a review of the renewal of the .com registry agreement under the terms of the Cooperative Agreement between the Department and Verisign.
"ICANN's registry agreements impose strict performance obligations on registry operators, and in return, provide renewal rights. This encourages long-term investment in security and stability," said Jim Bidzos, chairman and chief executive officer for Verisign. "Verisign has met the demanding performance requirements in the operation of .com, and has also invested in security and reliability enhancements such as DNSSEC and IPv6 support."
This Verisign announcement was sourced from here.