Cape-based digital certificate solutions provider Thawte Consulting has been acquired by Internet trust services provider VeriSign in a deal reported to be worth R3.5 billion.
VeriSign president and CEO Stratton Sclavos says, "The combination of VeriSign and Thawte`s customer bases, widely-deployed digital certificate root keys and highly-skilled engineering and customer service organisations will enable us to provide unparalleled trust services to websites, developers, ISPs and other constituencies across the Internet."
Together, the companies can implement a consistent set of global standards for the issuance and management of digital certificates for websites and software developers.
"We are thrilled to join forces with VeriSign to enable a worldwide foundation for e-commerce," says Mark Shuttleworth, president and CEO of Thawte Consulting.
"By combining our respective operations, teams and customer bases, we will be able to serve a broader set of customers under one common set of trust principles across the Internet."
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