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VeriSign completes Guardent buy

VeriSign has completed its buyout of managed security service provider Guardent, saying that the acquisition will boost its own...

VeriSign has completed its buyout of managed security service provider Guardent, saying that the acquisition will boost its own network security business.

The company originally agreed to buy privately held Guardent last December for $135m in cash and stock.

VeriSign said that it would maintain Guardent's offices in Massachusetts and Rhode Island, gaining 160 full-time employees.

VeriSign offers critical infrastructure services for the internet and telecommunications networks. It offers security services such as managed firewalls, intrusion detection and vulnerability alerting.

The buy is aims to bolster VeriSign's security services at a time when network providers are looking for more protection.

Scarlet Pruitt writes for IDG News Service

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