DigiCert Grows SSL/TLS Business Via Verizon Enterprise SSL Deal
The acquisition expands DigiCert's enterprise SSL customer base and provides new security certificate options to Verizon's customers.DigiCert today announced that it is acquiring the CyberTrust Enterprise SSL business from Verizon Enterprise Solutions. DigiCert is already a well-known and well-respected certificate authority (CA) and includes IBM, Sony, Facebook VMware, Intel and Harvard University among its customer base. The acquisition, the financial terms of which are not being publicly disclosed at this time, will further bolster DigiCert's customer ranks, while providing new security certificate options to Verizon's customers. However, it’s not clear at this point how many customers the Verizon SSL (Secure Sockets Layer) business has. DigiCert Vice President of Operations Flavio Martins noted that Verizon does not break out customer numbers. "Verizon is focused on its strategic security offerings such as network, managed and advanced threat solutions," Mike Denning, vice president, global security for Verizon Enterprise Solutions said. "Once the transition is complete, Verizon customers will have access to DigiCert's managed public key infrastructure (PKI) platform, certificate lifecycle management tools and specialized expertise, further helping to safeguard an organization from cyber-threats." Martins added that DigiCert expects the acquisition will have little to no impact on Verizon employees, as the deal is focused on DigiCert extending its managed PKI solutions to Verizon customers and expanding its enterprise SSL customer base.
"Customers are our first priority," he said. "We plan to work individually with every client to ensure a smooth transition to DigiCert's industry-leading managed PKI services."