Forwarded From: "Spencer, Will" <wspencert_private> VeriSign Acquires SecureIT For $70 Million Digital certificate vendor VeriSign Inc., intensifying its push into the enterprise market, acquired Internet security services and consulting firm SecureIT Inc. yesterday for roughly $70 million in stock. VeriSign offered 1.7 million shares of its stock for all outstanding shares of SecureIT. The company says SecureIT's design, consulting, testing, deployment, and training capabilities will make VeriSign more attractive to enterprise customers. VeriSign originally targeted consumers with its public-key infrastructure technology but has increasingly focused on the business market in the past year. SecureIT already has 300 enterprise customers, including companies such as AT&T, Bell Atlantic, Cox Enterprises, First Union, General Electric, Reuters, and Turner Broadcasting, broadening the base for VeriSign's OnSite digital certificate product. Enterprise demand for digital certificates has been pushed by the rapid growth of intranet and extranet applications, says Richard Yanowitch, VP of marketing at VeriSign. As IT departments struggle with providing secure connections to a potentially vast range of users, public key infrastructure "is moving center stage for the enterprise," he says. -- Jeff Sweat -o- Subscribe: mail majordomot_private with "subscribe isn". Today's ISN Sponsor: Repent Security Incorporated [www.repsec.com]
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