On May 19, 2010, Symantec Corp. announced that it has signed a definitive agreement to acquire VeriSign's identity and authentication business, which includes Secure Sockets Layer (SSL) Certificate Services, Public Key Infrastructure (PKI) Services, the VeriSign Trust Services and the VeriSign Identity Protection (VIP) Authentication Service. The agreement is subject to customary closing conditions, including regulatory approvals.
Through this acquisition, Symantec will be able to help businesses incorporate identity security into a comprehensive framework so that IT can confidently and securely adopt new computing models – from cloud computing to social networking and mobile computing to user-owned devices – that promise operational efficiencies and freedom of choice for their employees and customers. That framework is based on five imperatives that Symantec is enabling as part of its new vision of computing and includes:
- Identity security: proving that people and sites are who they say they are
- Mobile security: securing each different mobile device and the information on it
- Information protection: protecting information from loss, attack, theft and misuse and ensuring the ability to recover that information
- Context and relevance: delivering information that is relevant to people in both their personal and professional roles
- Cloud: allowing the secure delivery of applications and information from the cloud
With this exciting evolution in our company vision, we will also evolve Symantec's corporate logo. Following the close of the transaction, Symantec plans to incorporate the VeriSign check mark into a new logo to convey to users that it is safe to communicate, transact commerce and exchange information online.
When we are ready to officially change the logo and update materials, you will receive a communication with new guidelines and resources from Symantec.
What changes will Channel Partners see?
Until the acquisition closes, Symantec and VeriSign will continue to operate as separate companies, developing and delivering products as usual.
Following the close of the acquisition, VeriSign products will not initially be available for sale through Symantec's channel partners. As we broaden our go-to-market approach over time, we will assess how VeriSign products will be incorporated into Symantec's wider channel strategy. We look forward to sharing the channel strategy, along with the updates to our brand and the value it represents to our mutual customers, as more information becomes available. Until then, please continue operating business as usual.
Symantec considers our partners an integral part of our sales team and key to our ongoing success. Our belief is that you and your customers will see significant benefit from combined synergies of two companies with unmatched capabilities to secure and protect information and identities on the broadest scale and scope possible.
To learn more about this proposed acquisition, as well as Symantec's strategy of identity-based security, I encourage you to visit https://go.symantec.com/verisign for additional information. During the coming months, we will be focused on ensuring continuity of operations of both companies as we close the acquisition and begin developing new products and services enabled by the combination of these technologies.
If you have any questions or concerns, please contact SyncraTec Solutions, your Symantec partner.
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