… the first independent log that CAs could use to make CT operational. DigiCert has shown a willingness to challenge the status quo to advance CA security and trust.”
“DigiCert stays on the cutting edge of cryptography, security developments, and certificate authority industry standards,” said Philip Chon, security analyst, Verizon Digital Media. “This makes it easy for us to understand and quickly address protocol vulnerabilities and changes in standards to ensure our clients can deliver uninterrupted on-demand video streams to their users.”
As previously announced, DigiCert will continue to be led by CEO John Merrill and an executive team with significant industry experience. DigiCert will continue to operate from its headquarters in Lehi, Utah and will employ over 1,000 professionals with additional office locations in California and internationally. With the addition of Symantec’s Website Security and related PKI solutions, DigiCert will expand its global footprint to provide essential security for customers around the world including Global 2000 enterprise, top retailers, banks, leading technology firms and organizations across a wide spectrum of the economy.
Under the terms of the agreement, Symantec received $950 million in upfront cash proceeds and will retain approximately a 30 percent stake in the common stock equity of DigiCert. Symantec expects to primarily use the transaction proceeds, net of expected taxes and expenses, to repay debt.
For more information about the acquisition visit https://www.websecurity.symantec.com/digicert-and-symantec-faq.
Symantec Corporation (NASDAQ: SYMC), the world’s leading cyber security company, helps organizations, governments and people secure their most important data wherever it lives. Organizations across the world look to Symantec for strategic, integrated solutions to defend against sophisticated attacks across endpoints, cloud and infrastructure. Likewise, a global community of more than 50 million people and families rely on Symantec’s Norton and LifeLock product suites to protect their digital lives at home and across their devices. Symantec operates one of the world’s largest civilian cyber intelligence networks, allowing it to see and protect against the most advanced threats. For additional information, please visit www.symantec.com or connect with us on Facebook, Twitter, and LinkedIn.
DigiCert is a leading provider of scalable security solutions for a connected world. The most innovative companies, including the Global 2000, choose DigiCert for its expertise in identity and encryption for web servers and Internet of Things devices. DigiCert supports SSL/TLS and other digital certificates for PKI deployments at any scale through its certificate lifecycle management platform, CertCentral®. The company has been recognized with dozens of awards for its enterprise-grade management platform, fast and knowledgeable customer support, and market-leading growth. For the latest DigiCert news and updates, visit digicert.com or follow @digicert.
About Thoma Bravo
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.
The California Public Utilities Commission's statutory deadline is July 12. dlvr.it/RNsbY7
January 27 2020 @ 23:00:02 UTC