M&A Deal Summary

VeriSign Acquires Signio

On December 20, 1999, VeriSign acquired software company Signio from Trident Capital for 1.3B USD

Acquisition Highlights
  • This is VeriSign’s 1st transaction in the Software sector.
  • This is VeriSign’s largest (disclosed) transaction.
  • This is VeriSign’s 2nd transaction in the United States.
  • This is VeriSign’s 1st transaction in California.

M&A Deal Summary
Date 1999-12-20
Target Signio
Sector Software
Buyer(s) VeriSign
Sellers(s) Trident Capital
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Signio

Mountain View, California, United States
website
Signio provides financial transaction processing services for e-commerce businesses.

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Buyer(S) 1

Buyer

VeriSign

Reston, Virginia, United States

website

Category Company
Founded 1995
Sector Information Technology
Employees900
Revenue 1.3B USD (2020)
DESCRIPTION
Entrance to VerSign's corporate headquarters in Reston, Virginia.
Entrance to VerSign's corporate headquarters in Reston, Virginia.

VeriSign is a global provider of domain name registry services which 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. VeriSign'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 2 of 17
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 17
State (California) 1 of 5
Country (United States) 2 of 13
Year (1999) 1 of 2
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-07 Secure IT

Norcross, Georgia, United States

Secure IT, Inc. provides Internet security consulting, testing and educational services to clients

Buy $69M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-12-23 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.

Buy $575M

Seller(S) 1

SELLER

Trident Capital

San Mateo, California, United States

website

Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.

DEAL STATS #
Overall 7 of 85
Sector (Software) 3 of 18
Type (Add-on Acquisition) 5 of 63
State (California) 2 of 30
Country (United States) 7 of 80
Year (1999) 5 of 5
Size (of disclosed) 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-28 DAOU Systems

Exton, Pennsylvania, United States

DAOU Systems, Inc. is a provider of professional IT consulting and management services to healthcare organizations in the design, deployment, integration and support of infrastructure and application systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 mBlox

Sunnyvale, California, United States

mBlox, Inc. is a provider of cloud-based mobile messaging in the world, trusted by companies to carry their mission-critical traffic.

Buy -
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