Symantec snatches up VeriSign ID biz in billion dollar deal
24 May, 2010
category: Corporate, Digital ID
VeriSign identity and authentication services have been purchased by security software provider Symantec. The deal is set at $1.28 billion cash for all VeriSign ID assets including VeriSign’s Secure Sockets Layer certificate services, Public Key Infrastructure services, and the VeriSign Identity Protection authentication and trust businesses, as well as a majority stake in the firm’s Japanese business.
Symantec sought out VeriSign as an authentication solution to develop its vision to provide individuals security on the Internet.
By acquiring the VeriSign product line Symantec can now provide software with security to nearly anything in any location.
