(20-May-10) Symantec Corp. (Nasdaq: SYMC) announced yesterday that it has signed a definitive agreement to acquire Verisign's security business.

The agreement would mean that Symantec would acquire VeriSign's identity and authentication business, which includes the Secure Sockets Layer (SSL) Certificate Services, the Public Key Infrastructure (PKI) Services, VeriSign Trust Services and VeriSign's Identity Protection (VIP) Authentication Service.

Just last month, Symantec announced that it planned purchase two encryption companies, PGP and GuardianEdge, at a total price of $370M in cash. These acquisitions are expected to close during the June quarter, pending customary closing conditions and regulatory approvals.

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Search Code: 37306
Published: May 20, 2010
Last Revised: November 26, 2010

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