Symantec Corp. (NASDAQ:SYMC), the world’s leading cyber security company, and DigiCert Inc. , a leading provider of scalable identity and encryption solutions for the enterprise, today announced an agreement under which DigiCert will acquire Symantec’s Website Security and related PKI solutions. Under the terms of the agreement, Symantec will receive approximately $950 million in upfront cash proceeds and approximately a 30 percent stake in the common stock equity of the DigiCert business at the closing of the transaction. The addition of Symantec’s website security solutions to DigiCert’s offerings will bring together the industry's top talent and provide customers with an enhanced technology platform, unparalleled customer support and market-leading innovations. DigiCert will gain capabilities to take advantage of growth opportunities in IoT and bring new approaches to the SSL market. DigiCert will continue to operate from its headquarters in Lehi, Utah and will employ over 1,000
Hacker News ( unofficial )
All Jonkman Microblog content and data are available under the Creative Commons Attribution 3.0 license.