Symantec Buying Verisign’s Web Security Business

symantec buying verisigns web security business  verisign trusted

Symantec has always been a company that believes in growing through acquisitions, and now the company is making a big one: Symantec has announced it will be paying $1.28 billion to acquire VeriSign’s Web security business, including the company’s SSL security services for securing online transactions, along with public key infrastructure and identify management and verification services. The move is a major play for Symantec, which in recent years has established itself as a major purveyor of security software for personal computers and corporate networks. Now, the company is stepping further out onto the Internet, acquiring technology and service to secure online transactions—and that ties directly into not only e-commerce but mobile and cloud-computing security.

“With the anonymity of the Internet and the evolving threat landscape, people and organizations are struggling to maintain confidence in the security of their interactions, information, and identities online,” said Symantec president and CEO Enrique Salem, in a statement. “With the combined products and reach from Symantec and VeriSign, we are poised to drive the adoption of identity security as the means to provide simple and secure access to anything from anywhere, to prevent identity fraud, and to make online experiences more user-friendly and hassle-free.”

The sale of the Web security business is just the latest in series of sell-offs from VeriSign, which in recent years has let go of its oddball mobile business (insurance and ring tones) along with a large division that managed billing for telecoms.

From the deal, Symantec essentially gets VeriSign’s SSL certificate business, along with the identity management and public key infrastructure services that support it. SLL certificates are used to encrypt and secure online transactions: connections made via SSL are shown with padlock icons in almost all modern browsers, and the technology is key to maintaining the security of not only online commerce transactions, but protecting sensitive information like account passwords, email, and other information in transit between a user’s computer and an Internet services. While VeriSign is by not means the only purveyor of SSL certificates, they are one of the major players, and the company has parlayed its lead in the field into a “VeriSign Trusted” branding that appears on a large number of major Web sites. However, VeriSign’s security business has faced increasing pressure from other company selling cheaper SSL certificate services.

Symantec plans to leverage the technology and business infrastructure not only to create a new revenue stream, but to extend the security technologies out to mobile and cloud-based computing services.

VeriSign, for its part, plans to focus on its business as a domain registrar: the firm maintains operational control of the lucrative .com and .net top-level domains, and receives a fee for every domain renewed or created in those spaces, regardless of the registrar handling the transaction.

Mobile

Rekindled yet again, Nokia’s next-gen phones offer more than just nostalgia

HMD Global, a startup that designs and builds Nokia Android smartphones, wants to put the Nokia brand name back “where it belongs.” It helps that it’s made up of ex-Nokia employees. We go behind the scenes to see how HMD formed.
Home Theater

Cutting the cord? Let us help you find the best service for live TV streaming

There's a long list of live TV streaming services available to help you cut the cord and replace your traditional TV subscription. Each is different in important ways, and this guide will help you find the best one for you.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Home Theater

What is Netflix Roulette, and how exactly does it work?

For years, educated viewers have been using Netflix Roulette to broaden their horizons. The web app can help you find movies and shows you'd never think to watch! What exactly is it, though, and how do you use it? We explain it all.
Emerging Tech

CES 2019 recap: All the trends, products, and gadgets you missed

CES 2019 didn’t just give us a taste of the future, it offered a five-course meal. From 8K and Micro LED televisions to smart toilets, the show delivered with all the amazing gadgetry you could ask for. Here’s a look at all the big…
Computing

Hackers are scoring with ransomware that attacks its previous victims

Computer viruses are always evolving. In a new one, dubbed "Ryuk," hackers are targeting PCs with ransomware that scours an infected network in order to pinpoint and attack and enterprises with big money.
Computing

An update to Microsoft To-Do will help you keep up with your resolutions

If you're looking to stay productive in 2019, you might want to check out the freshly updated Microsoft To-Do app, now with additional integration with the Windows 10 Start Menu and more.
Computing

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.
Computing

Could the next Microsoft HoloLens be announced at MWC 2019?

After not having a presence at Mobile World Congress for three years, Microsoft is now sending out media invites for a press conference on February 24 during the annual event in Barcelona. Could a next-generation HoloLens be on the way?
Computing

Microsoft to separate Cortana from search with the next version of Windows 10

Changes are on the way for two key features in Windows 10. A separation of Windows 10 search and Cortana will allow Microsoft to more often innovate on each of the features independently.
Computing

Delete tracking cookies from your system by following these quick steps

Cookies are useful when it comes to saving your login credentials and other data, but they can also be used by advertisers to track your browsing habits across multiple sites. Here's how to clear cookies in the major browsers.
Computing

Convert your PDFs into convenient Word documents with Adobe or a free option

PDF files are great, but few document types are as malleable as those specific to Microsoft Word. Here's how to convert a PDF file into a Word document, whether you prefer to use Adobe's software suite or a freemium alternative.
Computing

Nvidia’s next midrange card might be a GTX 1660 Ti, rumors suggest

Nvidia may be working on a non-RTX Turing graphics card called the 1660 Ti. Rumors suggest it will have around 20 percent fewer CUDA cores than the RTX 2060 and will lack ray tracing support.
Deals

From Samsung to HP, here are the best cheap Chromebook deals right now

Whether you want a compact laptop to enjoy some entertainment on the go, or you need a no-nonsense machine for school or work, we've smoked out the best cheap Chromebook deals -- from full-sized laptops to 2-in-1 convertibles -- with most…