DigiCert Completes Its Acquisition of Symantec

DigiCert Completes its Acquisition of Symantec

digicert completes its acquisition of symantecLeading cyber security company, Symantec recently announced that it has sold it’s public key infrastructure (PKI) technologies and website security to DigiCert, a leading provider of scalable security solutions. The landmark sale was for a whopping USD$950 million along with a 30 per cent stake in DigiCert’s common stock equity. According to reports, the deal was closed in the third quarter of fiscal year 2018. Statements released by DigiCert said the deal will bring together the industry’s top talent to provide enhanced technology solutions and support to companies with a growing customer base. DigiCert said their main focus remained on doing the things their customers expected from the company, which includes offering unrivaled customer support. “DigiCert is built on people first: as we empower our employees to solve business challenges for our customers, everyone succeeds,” read the statement. Following the completion of the deal, DigiCert will have all the resources it needs to lead the next generation of global website security.

 

Symantec SSL/TLS Certificate

The acquisition of the Symantec SSL/TLS certificate business is the company’s second in the last two years for DigiCert. Back in June 2015, DigiCert had also acquired the CyberTrust Enterprise SSL business from Verizon Enterprise Solutions. Among DigiCert’s customer base include IBM, Sony, Facebook VMware, Intel and Harvard University. As for its operations, DigiCert said it will continue to operate under CEO John Merrill from its headquarters in Lehi, Utah. It currently employs more than 1,000 staff and following the acquisition of Symantec’s certificate business, the company is expected to bring new approaches to the TLS market and benefit from growth opportunities in IoT. Merrill had also said that they were confident the company can meet the SSL/TLS requirements that the browser vendors wanted from Symantec. Also, it was recently announced by that all certificates issued by Symantec and its partners before June 1, 2016, will need to be replaced by March 15, 2018. All other certificates need to be replaced until the release of Chrome 70, which is scheduled for release in October 2018.

 

Statement About Google

As for the issuance of certificates, in a recent statement, Google announced that while Symantec could still issue digital certificates, it was only through the infrastructure of a subordinate certificate authority (SubCA).  In view of this development, apparently some of Symantec and DigiCert’s competitors have taken the opportunity to get Symantec customers concerned about potential disruptions to join them. However, in terms of providing strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure, Symantec Corporation remains the world’s leading cyber security company which organisations across the world look to. According to reports, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. In fact, one of the world’s largest civilian cyber intelligence networks is operated by Symantiec, allowing it to see and protect against the most advanced threats. As for DigiCert, it supports SSL/TLS and other digital certificates for PKI deployments at any scale through its certificate life-cycle management platform, CertCentral®.  A leading provider of scalable security solutions for a connected world, DigiCert’s clients include companies, such as Global 2000, who have chosen DigiCert for its expertise in identifying and encryption for web servers.

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