Symantec to Buy VeriSign's Security Business

SAN FRANCISCO - Symantec Corp agreed to buy VeriSign Inc's widely used technology for securing payments over the Internet in a deal worth $1.28 billion, the companies said Wednesday.
The acquisition gives Symantec, the world's biggest maker of security software, VeriSign's Internet security business including its crown jewel -- the SSL technology for securing electronic payments and other Internet transactions by scrambling the data when it travels over the Web.

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Source: www.insurancetech.com