Symantec Completes Acquisition of VeriSign's Security Business
📅 - Acquisition extends strategy to create a trusted brand for protecting information and identities online.
Symantec Corp., a provider of security, storage and systems management solutions, yesterday announced that 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 company adds that the acquisition agreement between it and VeriSign also included a majority stake in VeriSign Japan and was announced on May 19, 2010.
It states that the VeriSign check mark is a recognized symbol of trust online with more than 250 million impressions every day on more than 90,000 websites in 160 countries. The company has begun the process to transition to a new corporate identity incorporating the VeriSign check mark. This will include a new corporate logo, as well as a new version of the Norton consumer logo, to convey that it is safe to communicate, transact commerce and exchange information online. The external global roll-out will begin in the December quarter. It says that VeriSign's identity and authentication business will become part of the Enterprise Security Group led by Francis deSouza.
The company further states that with the completion of the acquisition, its current portfolio along with assets from VeriSign, provides the depth and breadth of technologies to make identity-based security of information part of a comprehensive security solution. Integration efforts are expected to:
"Symantec has acquired a strong technology suite and team that we hope to continue to leverage," said Andrew Salesky, SVP Platform Services at Charles Schwab. "We benefit by having a single primary security partner for our enterprise and client facing applications, and look forward to further enhancing these capabilities with Symantec."
"Our customers' intellectual property, data and business processes are critical to their success. In today's connected environment, protecting these valuable information assets is more important and more challenging than ever before," said Mark Melvin, Chief Technology Officer, ePlus Technology, Inc. "With the combined security products from Symantec and VeriSign, ePlus will be able to offer our customers a complete identity security solution that provides them with simple and secure access to their important business information from anywhere, while ensuring that corporate data is not at risk."
"As identity pervades many corporate and consumer security functions, there is a strong synergy between Symantec and VeriSign," said Christian Christiansen, Vice President of Security Products and Services, IDC. "As devices, data, web services, and applications proliferate; strong authentication and identity management become crucial to reducing risk of unauthorized information exposure, protecting privacy, and increasing trust. The incorporation of VeriSign's market-leading SSL, PKI and VIP products into Symantec's broad portfolio of information security solutions offers the promise of more secure interactions and transactions. By baking authentication into its security products, Symantec can extend VeriSign's "trusted web" to an even greater effect."
Symantec Corp., a provider of security, storage and systems management solutions, yesterday announced that 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 company adds that the acquisition agreement between it and VeriSign also included a majority stake in VeriSign Japan and was announced on May 19, 2010.
It states that the VeriSign check mark is a recognized symbol of trust online with more than 250 million impressions every day on more than 90,000 websites in 160 countries. The company has begun the process to transition to a new corporate identity incorporating the VeriSign check mark. This will include a new corporate logo, as well as a new version of the Norton consumer logo, to convey that it is safe to communicate, transact commerce and exchange information online. The external global roll-out will begin in the December quarter. It says that VeriSign's identity and authentication business will become part of the Enterprise Security Group led by Francis deSouza.
The company further states that with the completion of the acquisition, its current portfolio along with assets from VeriSign, provides the depth and breadth of technologies to make identity-based security of information part of a comprehensive security solution. Integration efforts are expected to:
- Provide VeriSign's SSL Certificate Services with Symantec Critical System Protection through the sales channel. By quickly enabling the sales force to begin cross-selling these offerings, the company will help organizations ensure and verify a higher level of security on their web servers, providing users with the trust and confidence to do business online.
- Align the VeriSign SSL and client PKI authentications services with Symantec Protection Center (SPC) to provide a unified enterprise security management solution.
- Strengthen user access security by expanding the company's Data Loss Prevention solutions and Data Insight technology with VeriSign's identity security services to ensure that only authorized users have access to appropriate information.
- Offer users strong authentication and give organizations the ability to leverage the highly-recognized VeriSign trust mark in online searches by providing VeriSign VIP authentication service along with Norton products and the company's desktop clients.
"Symantec has acquired a strong technology suite and team that we hope to continue to leverage," said Andrew Salesky, SVP Platform Services at Charles Schwab. "We benefit by having a single primary security partner for our enterprise and client facing applications, and look forward to further enhancing these capabilities with Symantec."
"Our customers' intellectual property, data and business processes are critical to their success. In today's connected environment, protecting these valuable information assets is more important and more challenging than ever before," said Mark Melvin, Chief Technology Officer, ePlus Technology, Inc. "With the combined security products from Symantec and VeriSign, ePlus will be able to offer our customers a complete identity security solution that provides them with simple and secure access to their important business information from anywhere, while ensuring that corporate data is not at risk."
"As identity pervades many corporate and consumer security functions, there is a strong synergy between Symantec and VeriSign," said Christian Christiansen, Vice President of Security Products and Services, IDC. "As devices, data, web services, and applications proliferate; strong authentication and identity management become crucial to reducing risk of unauthorized information exposure, protecting privacy, and increasing trust. The incorporation of VeriSign's market-leading SSL, PKI and VIP products into Symantec's broad portfolio of information security solutions offers the promise of more secure interactions and transactions. By baking authentication into its security products, Symantec can extend VeriSign's "trusted web" to an even greater effect."
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