Feeds

VeriSign buys SSL certs rival for $125m

Net giant consolidates grip on digital certificates

Next gen security for virtualised datacentres

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. ®

The essential guide to IT transformation

More from The Register

next story
Goog says patch⁵⁰ your Chrome
64-bit browser loads cat vids FIFTEEN PERCENT faster!
Chinese hackers spied on investigators of Flight MH370 - report
Classified data on flight's disappearance pinched
NIST to sysadmins: clean up your SSH mess
Too many keys, too badly managed
Scratched PC-dispatch patch patched, hatched in batch rematch
Windows security update fixed after triggering blue screens (and screams) of death
Researchers camouflage haxxor traps with fake application traffic
Honeypots sweetened to resemble actual workloads, complete with 'secure' logins
Attack flogged through shiny-clicky social media buttons
66,000 users popped by malicious Flash fudging add-on
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.