Symantec VeriSign acquisition finalised

Symantec's acquisition of VeriSign's identity and authentication business has officially gone through.

Deal

Symantec has completed its acquisition of VeriSign's security arm a deal that was announced in May this year.

A range of VeriSign products will be handed over to Symantec, including the VeriSign Identity Protection (VIP) Authentication Service and the VIP Fraud Detection Service.

VeriSign's identity and authentication business will become part of Symantec's Enterprise Security Group and the companies' security solutions will be brought together to offer a broader protection offering to businesses.

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"The combination of Symantec's leading security solutions with VeriSign's security products, services and recognition as the most trusted brand online, uniquely positions Symantec to drive the adoption of identity security and restore trust online unlike any other company," said Enrique Salem, president and chief executive (CEO) of Symantec.

Symantec has started creating a new corporate logo incorporating the VeriSign check mark a symbol that gets more than 250 million impressions every day.

Roll out of these logos will be initiated towards the end of 2010.

The deal announced earlier this year was signed for $1.28 billion (0.81 billion) and also includes a majority stake in VeriSign Japan.

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