Symantec completes VeriSign’s acquisition

Symantec has completed its acquisition of VeriSign’s identity and authentication business. The acquired business 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 in May 2010.

“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,” says 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.”

“Symantec has acquired a strong technology suite and team that we hope to continue to leverage,” says 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.”

The VeriSign check mark is the most recognised symbol of trust online with more than 250 million impressions every day on more than 90,000 websites in 160 countries. Symantec 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’s safe to communicate, transact commerce and exchange information online. The external global roll-out will begin in the December quarter.