Symantec acquires VeriSign's security business

MOUNTAIN VIEW, USA: Symantec Corp. today announced it has completed its acquisition of VeriSign’s identity and authentication business, which includes the Secure Sockets Layer (SSL) and Code Signing Certificate Services, the Managed Public Key Infrastructure (MPKI) Services, the VeriSign Trust Seal, the VeriSign Identity Protection (VIP) Authentication Service and the VIP Fraud Detection Service (FDS).

The acquisition agreement between Symantec and VeriSign also included a majority stake in VeriSign Japan and was announced on May 19, 2010, a company release said.

“Enterprises and consumers alike expect simple and secure access to information from any device, protection from identity fraud, and online experiences that are user-friendly and hassle-free,” said Enrique Salem, president and CEO, Symantec. “The combination of Symantec’s leading security solutions with VeriSign’s security products, services and recognition as the most trusted brand online, uniquely positions Symantec to drive the adoption of identity security and restore trust online unlike any other company.”

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"Symantec has acquired a strong technology suite and team that we hope to continue to leverage," said Andrew Salesky,VP Platform Services at Charles Schwab.  "We benefit by having a single primary security partner for our enterprise andclient facing applications, and look forward to further enhancing these capabilities with Symantec."

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