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Under the agreement, Symantec will receive $950 million in cash and a 30 percent stock stake in DigiCert.
Symantec’s certificate business made headlines in January when the company was forced to revoke a series of web security certificates that were mistakenly issued by a partner.
“Transitioning our Website Security and related PKI solutions to DigiCert allows us to sharpen our enterprise focus on delivering unparalleled protection for the cloud generation through Symantec’s Integrated Cyber Defense Platform,” Symantec CEO Greg Clark said in a statement. “As our recently announced deals with Fireglass and Skycure demonstrate, we are accelerating the pace of innovation we bring to market through a combination of acquisitions as well as development from the ground up.”
Read the full article here: News & Notes: Symantec Sells Certificate Business to DigiCert