JohnCrowley
05-17-2006, 01:18 PM
http://news.netcraft.com/archives/2006/05/17/verisign_to_buy_geotrust_combining_top_ssl_providers.html
VeriSign, Inc. will acquire its leading competitor in the market for SSL certificates, GeoTrust Inc., for $125 million in cash, the two companies said today. The deal will solidify VeriSign's dominant position in the market for SSL certificates, which are used to secure web sites for Internet e-commerce. The acquisition is subject to regulatory approvals, and is expected to close in the second half of this year, the companies said.
Gives Verisign quite the "monopoly" on SSL certificates.
- John C.
VeriSign, Inc. will acquire its leading competitor in the market for SSL certificates, GeoTrust Inc., for $125 million in cash, the two companies said today. The deal will solidify VeriSign's dominant position in the market for SSL certificates, which are used to secure web sites for Internet e-commerce. The acquisition is subject to regulatory approvals, and is expected to close in the second half of this year, the companies said.
Gives Verisign quite the "monopoly" on SSL certificates.
- John C.
