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Symantec closes VeriSign deal

10 Aug 10

Symantec has officially completed its acquisition of VeriSign's identity and authentication business.

The deal includes VeriSign's Secure Sockets Layer and Code Signing Certificate Services, the Managed Public Key Infrastructure Services, the VeriSign Trust Seal, the VeriSign Identity Protection Authentication Service and the VIP Fraud Detection Service.

The acquisition agreement also included a majority stake in VeriSign Japan.

"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."

Andrew Salesky, SVP Platform Services at Charles Schwab, added, “Symantec has acquired a strong technology suite and team that we hope to continue to leverage. 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."

The Channel understands that Symantec will rebrand itself as a result of the deal. More later.

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