(WEB HOST INDUSTRY REVIEW) — IT infrastructure service provider VeriSign (www.verisign.com) announced on Tuesday it is selling its managed security services arm to IT security solutions provider SecureWorks (www.secureworks.com) for an undisclosed amount, according to a report by The Associated Press.
VeriSign most recently partnered with domain registrar eNom to let eNom resellers offer its customers secure sockets layer certificates.
The sale is one of many that Verisign has made or is planning on in order to downsize the company and shift its focus on its fundamental services of domain registration and management services and SSL certificates, as well as user authentication via its VeriSign Identity Protection service.
Managed security services was just one of a few services that the company had been considering to sell off. Earlier this month, the company sold its communications services division to TNS for $226 million.
Founded in 1999, Atlanta-based SecureWorks has established itself over the years as a provider of managed security services.
SecureWorks has managed to stay afloat, where as many of its competitors have folded, or have found themselves acquired by larger security companies, such as NetSec, TruSecure and Ubizen.
The acquisition of VeriSign’s managed services unit marks SecureWorks’ second major initiative for growth, having purchased North Carolina-based security services provider LURHQ in 2006.
Focusing on network monitoring and management for midsized and enterprise-class businesses, SecureWorks also has strong ties to the credit union and financial services industries.
