VeriSign is buying managed security service provider Guardent.
"In addition to being a world-class company in its own right, Guardent is a perfect strategic fit," said VeriSign chief executive officer Stratton Sclavos.
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"By combining forces, we will solidify VeriSign's leadership in network security," he said, adding that with Guardent's customer base, vulnerability management technology and security expertise, the merged company will be better able to serve customers.
VeriSign will pay about $140m in stock and cash for Guardent, while gaining about 150 full-time Guardent employees. The acquisition, which is expected to close in the first quarter of next year, is subject to regulatory approvals and other conditions.
Maria Cirino, chief executive officer of Guardent, said that "Guardent's customers will benefit from VeriSign's infrastructure, intelligence and global reach" through the deal. "All customers will benefit from an accelerated pace of innovation, operational enhancements and global expansion."
Cirino will become a senior vice-president and general manager of managed security services at the company.
Todd R Weiss writes for Computerworld