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VeriSign to Acquire GeoTrust for SSL

VeriSign agreed to acquire Needham, MA-based GeoTrust, a supplier of SSL and other solutions to secure e-business transactions, for approximately $125 million in cash.

GeoTrust offers hosting providers and businesses with digital certificates for online transaction security. GeoTrust also offers “smart seals” to ensure a trusted identity on the Web. The company claims more than 100,000 companies in over 150 countries use its technology for transaction security, identity verification and trust services on the Internet and over wireless networks.

VeriSign said the acquisition of GeoTrust extends its mission to enable and protect all forms of networked interactions, and addresses the needs of an evolving SSL market.

http://www.verisign.comhttp://www.geotrust.com

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