Feeds

VeriSign buys SSL certs rival for $125m

Net giant consolidates grip on digital certificates

High performance access to file storage

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
Web data BLEEDOUT: Users to feel the pain as Heartbleed bug revealed
Vendors and ISPs have work to do updating firmware - if it's possible to fix this
OpenSSL Heartbleed: Bloody nose for open-source bleeding hearts
Bloke behind the cockup says not enough people are helping crucial crypto project
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
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Experian subsidiary faces MEGA-PROBE for 'selling consumer data to fraudster'
US attorneys general roll up sleeves, snap on gloves
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.