Tech Company M&A Transactions
GeoTrust Acquisition
GeoTrust, operating out of Needham, was acquired by VeriSign. The transaction price was $125 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/17/2006
Transaction Type
M&A
Amount
$125,000,000
M&A Terms
VeriSign, Inc. (Nasdaq: VRSN), today announced it has entered into a definitive agreement to purchase Needham, MA-based GeoTrust, Inc., for approximately $125 million in cash. The acquisition is subject to regulatory approvals and other conditions and is expected to close in the second half of this year.
Company Information
Company Status
Acquired or Merged
Industry
Security
Mailing Address
117 Kendrick Street 350
Needham, MA 02494
USA
Needham, MA 02494
USA
Phone
Website
Email Address
Not Recorded
Overview
GeoTrust, Inc., an emerging leader in Identity and Trust Services, helps organizations of all sizes secure e-commerce transactions, trusted identities and fully managed trusted environments for conducting e-business.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Neal Creighton
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Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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