(www.gawkwire.com) – DigiCert, a global Certificate Authority and leader of trusted identity solutions, today announced its acquisition of the CyberTrust Enterprise SSL business from Verizon Enterprise Solutions. Financial terms of the deal were not disclosed.
The acquisition makes DigiCert the second-largest Certificate Authority (CA) for high-assurance SSL certificates. As part of the deal, DigiCert will assume management of the CyberTrust/Verizon trusted roots and intermediate certificates. Verizon will continue to offer SSL Certificates as a reseller of DigiCert.
“This acquisition should prove beneficial for enterprise clients,” said DigiCert CEO Nicholas Hales. “Verizon clients will benefit from our PKI innovation that reduces the complexity of certificate management to more efficiently safeguard their data and give them greater control over key management, network security and enterprise certificate issuance.”
“The combination of two trusted authority market leaders is part of one goal – to help our customers solve the ever-growing challenge of enterprise certificate lifecycle management,” said Mike Denning, vice president, global security, Verizon Enterprise Solutions. “Delivering leading enterprise-class security solutions around the globe – either directly or through resellers – continues to be our primary focus.”
Combining industry-leading customer service experience with intuitive certificate monitoring and management tools, DigiCert PKI solutions help enterprises optimize SSL certificate management and secure the Internet of Things. As a result, DigiCert continues to attract the business of the world’s leading brands, including six of the global Alexa Top 10.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with 108.6 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers worldwide. A Dow 30 company with more than $127 billion in 2014 revenues, Verizon employs a diverse workforce of 176,200. For more information, visit www.verizon.com/news/.
DigiCert is a premier, trusted provider of enterprise security solutions with an emphasis on authentication and encryption via managed PKI and high-assurance digital certificates for enterprise and the Internet of Things. Headquartered in Lehi, Utah, DigiCert is trusted by more than 115,000 of the world’s leading government, finance, healthcare, education and Fortune 500® organizations. DigiCert has been recognized with dozens of awards for providing enhanced customer value, premium customer service and market growth leadership. For the latest DigiCert news and updates, visit digicert.com, like DigiCert on Facebook® or follow Twitter® handle @digicert