Add-on Acquisition • Information Technology

VeriSign Acquires Thawte Consulting Pty

On December 23, 1999, VeriSign acquired information technology company Thawte Consulting Pty for 575M USD

Acquisition Context
  • This is VeriSign’s 1st transaction in the Information Technology sector.
  • This is VeriSign’s 3rd largest (disclosed) transaction.
  • This is VeriSign’s 1st transaction in South Africa.

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M&A Deal Summary

Date December 23, 1999
Target Thawte Consulting Pty
Sector Information Technology
Buyer(s) VeriSign
Deal Type Add-on Acquisition
Deal Value 575M USD

Target Company

Thawte Consulting Pty

Cape Town, South Africa
Thawte Consulting is a South African Internet certification company. Thawte was formed in 1995 and is based in Cape Town.
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Buyer Overview 1

Buyer

VeriSign

Reston, Virginia, United States

Category Company
Founded 1995
Sector Information Technology
Employees907
Revenue 1.6B USD (2024)
DESCRIPTION
Entrance to VerSign's corporate headquarters in Reston, Virginia.
Entrance to VerSign's corporate headquarters in Reston, Virginia.

VeriSign provides domain name registry services to power the navigation of the Internet by operating a global infrastructure for a portfolio of top-level domains that includes .com, .net, .tv, .edu, .gov, .jobs, .name and .cc as well as two of the world’s 13 Internet root servers. The company's product suite also includes Network Intelligence and Availability Services, consisting of Distributed Denial of Service Protection Services, Verisign iDefense Security Intelligence Services and Managed Domain Name System Services. VeriSign was formed in 1995 and is based in Reston, Virginia.


Deal Context for Buyer #
Overall 3 of 17
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 3 of 17
Country: South Africa 1 of 1
Year: 1999 2 of 2
Size (of disclosed) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-20 Signio

Mountain View, California, United States

Signio provides financial transaction processing services for e-commerce businesses.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-07 Network Solutions

Herndon, Virginia, United States

Network Solutions LLC is a provider of online solutions for small businesses. Network Solutions provides a variety of Internet services, including domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services for its more than 4 million customers. Network Solutions LLC was established in 1979 and is based in Herndon, Virginia.

Buy $21M