Verisign Inc., the Mountain View, Calif.-based digital certification company, has won the Best Strategic Financing award from Red Herring magazine.

The award is given for achieving financial milestones within a year of making a presentation at the Venture Market West conference.

Verisign accepted the award May 5 in at the 1997 conference in Monterey, Calif., for securing $30 million in a third round of financing. Among the funding sources for Verisign, a 1995 spinoff of RSA Data Security Inc., were Microsoft, Cisco Systems, First Data, Intuit, Reuters, and AT&T Ventures.

"The information we gathered through one-on-one discussions and presentations helped us package the Verisign proposition for our very successful strategic investment round," said Verisign president Stratton Sclavos.

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