Wednesday, May 17, 2006

GeoTrust to be acquired by VeriSign for $125M - Needham, MA

VeriSign, Inc., the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced it has entered into a definitive agreement to purchase Needham, MA-based GeoTrust, Inc., a leading supplier of SSL and other solutions to secure e-business transactions, for approximately $125 million in cash. The acquisition is subject to regulatory approvals and other conditions and is expected to close in the second half of this year.


Post a Comment

<< Home