Feeds

Symantec lays out $1.3bn to buy VeriSign's security business

Acquisition spree picks up pace

Intelligent flash storage arrays

Symantec has bought VeriSign's identity and authentication business for approximately $1.28bn in cash.

The deal, announced Wednesday, will see the security giant snapping up Verisign's Secure Sockets Layer certificate services, the Public Key Infrastructure services and VeriSign Identity Protection (VIP) authentication service business. A majority stake in VeriSign Japan is also included in the bundle.

Subject to regulatory approval, the deal is expected to close in Symantec's September quarter. Symantec said its latest acquisition will allow it to offer technologies that make it easier to adopt new computing models - from cloud computing to social networking and mobile computing to user-owned devices - without sacrificing security.

Symantec has a history of frequent acquisitions but has recently stepped up the pace of its buying. The VeriSign deal follows the $370m acquisition of PGP and Guardian Edge only last month. Integrating all its various acquisitions will be no easy task and might even result in a spot of indigestion for Symantec. ®

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.