Business & Finance
06:20 PM
Connect Directly

VeriSign Reportedly Buying Guardent

The privately held Guardent is known for its open-service delivery platform, dubbed TeraGuard.

VeriSign Inc. is buying managed-security-services firm Guardent Inc., sources close to VeriSign say. Neither Guardent or VeriSign have confirmed the deal, but sources say the acquisition would be valued at about $140 million. Managed-security services has been a big push of VeriSign's this year

The privately held Guardent is known for its open-service delivery platform, dubbed TeraGuard. TeraGuard can manage multiple types of intrusion-detection systems, firewalls, and vulnerability-assessment software, including those sold by Check Point, Cisco, Internet Security Systems, and NetScreen, along with open-source intrusion-detection software Snort and vulnerability assessment software Nessus.

The buyout would follow VeriSign's sale of its domain-name-registration business, Network Solutions Inc., to the venture-capital firm Pivotal Private Equity in October, for about $100 million--$60 million in cash and a $40 million senior subordinated note. Network Solutions sells domain-name registrations as well as E-mail, site, and hosting services. VeriSign said the sale of the unit enabled it to focus on Internet and telecom-network services.

And in June, VeriSign unveiled its Fraud Protection Services, which uses credit-account numbers, names, and the Internet addresses of the parties in a transaction to determine whether the transaction is fraudulent. Fraud protection complements VeriSign's online-payment services.

Comment  | 
Print  | 
More Insights
The Business of Going Digital
The Business of Going Digital
Digital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest September 18, 2014
Enterprise social network success starts and ends with integration. Here's how to finally make collaboration click.
Flash Poll
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
The weekly wrap-up of the top stories from this week.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.