Web Security firm VeriSign Inc. has agreed to acquire GeoTrust Inc., a supplier of solutions to secure e-business transactions, for about USD 125 million in cash.
GeoTrust’s has more than 9,000 direct resellers in 140 countries that will complement VeriSign’s direct-sales SSL business.
The acquisition is expected to be close in the second half of this year and add to 2007 earnings per share.
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