Thursday, May 18, 2006
VeriSign Buys GeoTrust - We predicted this!
Relationships are forming right now!
VeriSign Inc. agreed to buy closely held GeoTrust Inc., a supplier of tools used to secure online transactions, for $125 million in cash. Needham, Mass.-based GeoTrust provides digital certificates used for e-commerce transactions and identity verification. Verisign, which also sells digital certificates, said GeoTrust's 9,000 direct resellers will bolster its business. VeriSign said it expects to close the deal in the second half of the year.
-Wall Street Journal Online
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