Wednesday, August 18, 2010

Symantec acquires VeriSign’s security business

Symantec Corporation has announced the acquisition of VeriSign’s identity and authentication business.

This 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).

Symantec’s president, Mr. Enrique Salem affirmed this in a press statement made available to ITRealms Online at the weekend, saying that 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.

These, he noted, motivated Symantec to go the acquisition of VeriSign identity and authentication business arm. The combination of Symantec’s leading security solutions with VeriSign’s security products, services and recognition as the most trusted brand online, uniquely he said, positions Symantec to drive the adoption of identity security and restore trust online unlike any other company.

Also, SVP Platform Services at Charles Schwab, Andrew Salesky explained that, “Symantec has acquired a strong technology suite and team that we hope to continue to leverage.” He said that users will 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 recognized 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.

With the completion of the acquisition, Symantec’s current portfolio, along with assets from VeriSign, provides the depth and breadth of technologies to make identity-based security of information part of a comprehensive security solution. Integration efforts are expected to:

The integration efforts will provide VeriSign’s SSL Certificate Services with Symantec Critical System Protection through the sales channel. By quickly enabling the sales force to begin cross-selling these offerings, Symantec will help organizations ensure and verify a higher level of security on their web servers, providing users with the trust and confidence to do business online.

It will align the VeriSign SSL and client PKI authentications services with Symantec Protection Center (SPC) to provide a unified enterprise security management solution.

The integration is expected to strengthen user access security by expanding Symantec’s Data Loss Prevention solutions and Data Insight technology with VeriSign’s identity security services to ensure that only authorized users have access to appropriate information.

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