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Symantec to acquire select VeriSign security systems in $1.28B cash deal

Symantec CEO Enrique Salem

Symantec CEO Enrique Salem

The computer security giant Symantec has announced the company will acquire VeriSign’s Security Business for $1.28-billion in an all cash deal.

Symantec, the maker of the popular consumer and business security anti-virus software Norton, will acquire VeriSign’s identity and authentication technologies, including the firm’s secure sockets layer (SSL), and public key infrastructure (PKI) technologies, in addition to the VeriSign Trust Services which includes the checkmark trademark that is used by websites to indicate their website is safe.

Symantec says it will consolidate part of the acquired technologies with its own, more specifically the identity authentication technologies will be merged with security software that is used on Internet servers.

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