Eden Exhibition » Encryption http://www.edenexhibition.com Its all about about stories around me Mon, 06 Feb 2012 17:57:50 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Symantec to buy the business point of VeriSign Security http://www.edenexhibition.com/symantec-to-buy-the-business-point-of-verisign-security http://www.edenexhibition.com/symantec-to-buy-the-business-point-of-verisign-security#comments Thu, 20 May 2010 04:47:26 +0000 admin http://www.edenexhibition.com/?p=422 Symantec may be nearing a deal to buy VeriSign unit for about 1,300 million dollars. Specifically, the deal would give Symantec Control VeriSign authentication business, which had revenue of $ 410 million in 2009, reported in The Wall Street Journal. The unit sells products that businesses use to encrypt and protect information.

Symantec is, by revenue, the security company the world’s leading technology and recently is expanding beyond its antivirus software through a series of acquisitions. In this sense have been the latest encryption firm PGP Corp., which Symantec has cost $ 300 million, and the security vendor ‘endpoint’ GuardianEdge, which cost $ 70 million.

As VeriSign has shed several business units in the last two years. Its executive director, Mark McLaughlin, has said the company is being sold for parts.

By the time the information has not been confirmed by any of the two companies.

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