VeriSign is to enter the broadband content services market with the acquisition of Kontiki for $62m (£36m).
VeriSign said Kontiki’s technology will form the “cornerstone” of its new Broadband Content Services offering, which will support the legal distribution of digital media over IP networks.
Kontiki is a provider of managed peer-to-peer delivery systems for high-quality video, software and digital content.
Kontiki’s system will enable VeriSign to deliver content to PCs, TVs and portable devices over broadband networks.
The broadband delivery capabilities will complement VeriSign’s Mobile Content Services infrastructure and expand the company’s content services portfolio, said VeriSign.
AOL, BSkyB, and Verizon already use Kontiki technology to deliver branded high-quality video content to desktops.
The acquisition is expected to be completed by the end of the month, said VeriSign.
VeriSign has also signalled its expansion in the mobile space with the acquisition of 3united Mobile Solutions for $65.8m (£38m).