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Symantec adds indentity tools with VeriSign security buy

Simon Quicke

Symantec has moved to bolster its remote security credentials with the acqusition of VeriSign's identity and authentication business.

The cash deal is worth $1.28bn and is expected to close in the September quarter and would extend Symantec's portfolio with SSL and public key infrastructure services.

The dust has only just settled on the announcement of the acquisitions it made last month of PGP and GuardianEdge indicating that there is still cash and ambition for the vendor to grow its business.

Enrique Salem, president and CEO of Symantec, said that the internet was largely anonymous but users had to be protected.

"At the same time, IT is faced with the challenge of giving users the appropriate access, while ensuring that corporate data is not at risk. We believe the solution to this dilemma lies in the ubiquity of identity-based security," he said.

"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," he added.

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