Vendor splashes out more cash on authentication.
Symantec
, the AV vendor with a reputation for snapping up other companies, has announced its purchase of
VeriSign
‘s authentication services business.
The $1.28 billion cash deal – expected to close in the quarter ending in September – follows hot on the heals of two other encryption-related purchases as the company completed deals to acquire
PGP
and
GuardianEdge
earlier this month
.
Symantec
says it plans to combine
VeriSign
‘s SSL certificate services with its own protection suite for servers, while the
VeriSign Identity Protection
user authentication service will complement its
Identity Safe
capabilities within the
Norton
product range.
Symantec
also plans to incorporate the
VeriSign
check mark into a new logo once the transaction has completed.
The official announcement of the deal from Symantec is
here
, with more details
here
. Industry analysts express their views on the acquisition in a CNet article
here
.
Posted on 20 May 2010 by
Virus Bulletin
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