Northern Virginia to get another major company
- August 30, 2010
Northern Virginia seems poised to get the headquarters of another major company. The Washington Business Journal is reporting that Mountain View, Calif.-based VeriSign Inc. plans to move to Dulles in the next six to 12 months.
In the company’s second quarter filing with the U.S. Securities and Exchange Commission, VeriSign says it expanded a restructuring plan to include the migration of its corporate functions from California to its facility in Dulles. The move was based on the $1.2 billion sale of its authentication services business to Mountain View-based Symantec Corp., a deal that closed Aug. 6.
VeriSign already has about 500 workers in Dulles in two buildings and reportedly is looking for up to as much as 200,000 square feet of additional space in Fairfax and Loudoun Counties to accommodate the move.
The company, which specializes in Internet infrastructure services, handles as many as 50 billion domain name system queries a day, according to its website. That part of its business already is located in Dulles.
In 2009, VeriSign reported $1 billion in revenue. At the end of the second quarter, the company reported revenue of $169 million from continuing operations, up 4 percent from the previous quarter and 9 percent from the same period in 2009.
The technology company is following in the footsteps of other companies that have recently relocated their corporate headquarters to the region. They include CSC, SAIC, Hilton Worldwide and Northrop Grumman, all of which located in Fairfax County.