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M&A Deal Summary

VeriSign Acquires Secure IT

On July 7, 1998, VeriSign acquired internet software and services company Secure IT for 69M USD

Acquisition Highlights
  • This is VeriSign’s 1st transaction in the Internet Software and Services sector.
  • This is VeriSign’s 9th largest (disclosed) transaction.
  • This is VeriSign’s 1st transaction in the United States.
  • This is VeriSign’s 1st transaction in Georgia.

M&A Deal Summary
Date 1998-07-07
Target Secure IT
Sector Internet Software and Services
Buyer(s) VeriSign
Deal Type Add-on Acquisition
Deal Value 69M USD
Advisor(s) Boston Meridian Partners (Financial)

Target

Secure IT

Norcross, Georgia, United States
Secure IT, Inc. provides Internet security consulting, testing and educational services to clients

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Buyer(S) 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 STATS #
Overall 1 of 17
Sector: Internet Software and Services M&A 1 of 10
Type: Add-on Acquisition M&A Deals 1 of 17
State: Georgia M&A 1 of 2
Country: United States M&A 1 of 13
Year: 1998 M&A 1 of 1
Size (of disclosed) 9 of 17
FOLLOWING 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
Mergr

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