Symantec Set to Buy VeriSign for $1.3 Billion

Symantec has entered a definitive agreement to purchase VeriSign’s security business, including the Secure Sockets Layer (SSL) Certificate Services, the Public Key Infrastructure (PKI) Services, the VeriSign Trust Services and the VeriSign Identity Protection (VIP) Authentication Service.

According to the firm, “the combination of VeriSign’s security products, services and recognition as the most trusted brand online and Symantec’s leading security solutions and widespread distribution will enable Symantec to deliver on its vision of a world where people have simple and secure access to their information from anywhere.”

Symantec's Enrique Salem
Symantec's Enrique Salem

“With the combined products and reach from Symantec and VeriSign, we are poised to drive adoption of identity security as the means to provide simple and secure access to anything from anywhere, to prevent identity fraud and to make online experiences more user-friendly and hassle-free, ” said Enrique Salem, CEO of Symantec.

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