Feeds

GeoTrust takes on VeriSign for Euro -certs business

Opens UK office

  • alert
  • submit to reddit

Security for virtualized datacentres

Digital certificate company GeoTrust is expanding its operations to Europe as part of a bid to steal market share from market leader VeriSign with cheaper and easier to obtain digital certificate and identity products.

GeoTrust is opening an office in Maidstone, Kent next week to provide improved localised support to customers and recruit more partners in the region.

The company’s QuickSSL digital certificates enables merchants to obtain online credentials in minutes, as opposed to the two days or more that VeriSign takes, using an automated system to reduce costs.

GeoTrust says it certificates cost $159 (£99) compared to prices of between $350 and $199 respectively charged by VeriSign and its Thawte subsidiary.

GeoTrust chief exec Neal Creighton said its automated system has checks that make it at least as secure as manually issued certs. These include a comparison of the details of a person requesting a cert against the details in the Whois database for a particular domain. The system also phones buyers to confirm their identity, and features anti-fraud algorithms designed to flag up suspicious behaviour.

Although VeriSign has criticised this system, Creighton maintains it has issued “tens of thousands of certificates” without incident.

Securityspace.com reports that GeoTrust had a 13.5 per cent share of the SSL security certificates (the company quotes figures of 18.75 per cent of .com and .net domains). Creighton has set a goal for GeoTrust to become the leading SSL certificate provider in Europe over the next three years. The company is targeting small and medium-sized online merchants in particular.

At present, 60 per cent of GeoTrust’s revenues come from merchant SSL certificates with around 40 per cent coming from enterprise products – a position it would like to reverse over the next year or so. GeoTrust reckons that by focusing on business unit – rather than enterprise-wide - deployments of encryption technology it can better meet the needs of the market than larger competitors.

The firm also sees the growth potential in providing technology to digitally sign code or documents. For example, GeoTrust middleware is already used to digitally sign code in Microsoft Smartphones as a mechanism to prevent unauthorised programs running on operator’s networks. ®

Related Stories

VeriSign tackles customer service problems
There's certs and certs - VeriSign badmouths rivals
Thawte issues doppelganger certs warning
VeriSign stands firm on Site Finder
Unlocks all round! Orange frees SPV developers
Orange pushes for 'pocket money' SPV cert costs
PGP makes email encryption easier
Abbey National bins WAP, Digital TV banking

Remote control for virtualized desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
UK.gov pushes for SWIFT ACTION against nuisance calls, threatens £500k fines
DCMS seeks lowering of legal threshold to fight rogue firms
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.