Global Certificate Authority (CA) DigiCert announced on Tuesday that it has acquired the CyberTrust Enterprise SSL business from Verizon Enterprise Solutions.
The acquisition will help DigiCert become the second-largest CA for high-assurance SSL Certificates, behind industry leader Symantec.
As part of the deal, Lehi, Utah-based DigiCert will assume management of the CyberTrust trusted roots and intermediate certificates.
Moving forward, Verizon will continue to offer SSL Certificates as a reseller of DigiCert, according the announcement.
In addition to issuing SSL certificates themselves, DigiCert offers certificate monitoring and management tools, and PKI solutions to help enterprises optimize SSL Certificate management.
“This acquisition should prove beneficial for enterprise clients,” said DigiCert CEO Nicholas Hales. “Verizon clients will benefit from our PKI innovation that reduces the complexity of certificate management to more efficiently safeguard their data and give them greater control over key management, network security and enterprise certificate issuance.”
Financial terms of the acquisition were not disclosed were not disclosed, and a SecurityWeek inquiry to Verizon as to why it was divesting its SSL business was not answered.
For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.
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