Feeds

VeriSign buys SSL certs rival for $125m

Net giant consolidates grip on digital certificates

SANS - Survey on application security programs

VeriSign has announced plans to acquire GeoTrust, its largest SSL certificate rival, for approximately $125m in cash. The deal, announced on Wednesday, is expected to close in the second half of this year, subject to regulatory approval.

Acquiring GeoTrust, in addition to the 1999 acquisition of Thawte Consulting, would leave VeriSign with only one significant rival (the much smaller firm Comodo) in the market to supply digital credentials that secure web transactions.

In a statement, VeriSign said its definitive agreement to buy GeoTrust would compliment its direct-sales SSL presence with a well developed reseller channel of more than 900 resellers (many of which are web hosting companies) in 140 countries.

"The successful channel business GeoTrust has built will benefit from our infrastructure and additional products. We look forward to leveraging the GeoTrust channel, technology and brand to expand on our existing SSL offerings," VeriSign Security Services executive vice president and general manager Judy Lin said.

GeoTrust's QuickSSL digital certificates enable merchants to obtain online credentials in minutes, as opposed to the two days or more VeriSign takes, using an automated system to reduce costs. The concept helped GeoTrust grow faster than its rivals over recent years, while still remaining some way behind VeriSign in market share.

According to Netcraft's SSL certificate study, VeriSign certificates secure approximately 45 per cent of the SSL-enabled websites, while GeoTrust certificates are found on 27 per cent. GeoTrust also has a partnership with Adobe involving the use of digital certificates to secure and authenticate PDF documents. ®

High performance access to file storage

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.