VeriSign is going to acquire GeoTrust for $125 million. With the acquisition, VeriSign aims at protecting all forms of networked interactions.


VeriSign is going to acquire GeoTrust for $125 million in cash. With the acquisition, VeriSign aims at protecting all forms of networked interactions.

GeoTrust is a provider of SSL and other solutions for securing ebusiness transactions. GeoTrust has a channel of 9,000 direct resellers in over 140 countries.

Judy Lin, executive vice president of VeriSign said: “The acquisition of GeoTrust improves VeriSign’s ability to serve the reseller channel market with technologies and services that are specifically tailored to their needs.

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.” [Source]

The acquisition will be accounted as a purchase transaction.

For more information on the acquisition, click here.

For more information on VeriSign SSL services, visit VeriSign.

For more information on GeoTrust SSL services, visit GeoTrust.

 

 

 

 

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