VeriSign acquires Guardent for $140 million
Combination will create leading managed security services (MSS) provider
Full Story: VeriSign To Acquire Guardent Source: VeriSign News Release, December 17th, 2003 Added on July 5th, 2007 at 4:58 pm, by Judy He
VeriSign, Inc. (Nasdaq:VRSN), the leading provider of critical infrastructure services for the Internet and telecommunications networks, today announced that it has entered into a definitive agreement to purchase Waltham, MA-based Guardent, a leading privately held Managed Security Service Provider (MSSP.) The acquisition is subject to regulatory approvals and other conditions and is expected to close in the first quarter of 2004.
Now in its fourth year of operations, Guardent has built a strong list of satisfied clients, with 15 of the top 50 global financial services institutions utilizing its services.
Under the terms of the agreement, VeriSign will pay approximately $140 million in stock and cash for the stock of Guardent. VeriSign will gain approximately 150 full-time Guardent employees. Guardent’s Security Operations Center (SOC), located in Providence, RI, will become one of the MSS operations centers for VeriSign, adding to VeriSign’s existing Network Operations Centers, SOCs and world class data centers.
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