VeriSign Completes Acquisition of GeoTrust

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GeoTrust's customer base and well developed channel will benefit from VeriSign's SSL Certificates and global support network.


VeriSign Inc., a provider of intelligent infrastructure services for Internet and telecommunications networks, announced on Wednesday, the successful completion of its acquisition of GeoTrust, a provider of identity verification and network security solutions.

The acquisition enables GeoTrust's, a extensive customer base and well developed channel of more than 9,000 direct resellers in more than 140 countries to benefit from VeriSign's deep SSL Certificate heritage and global support network.

According to the company, the purchase price of the acquisition is approximately $125 million and is being accounted for as a purchase transaction. VeriSign expects the acquisition to be accretive to earnings per share in 2007. Additional financial information on the acquisition will be provided on the Q3 2006 earnings ca -- This message may have been cut off and the rest will only be shown to members. To become a member, click here --