US carrier AT&T has agreed a deal to acquire VeriSign's security consulting business. Financial terms of the agreement were not disclosed.
VeriSign’s global security consulting operations will be matched alongside AT&T's existing suite of network-based cybersecurity services. For VeriSign the deal represents an opportunity to focus on its core SSL and internet infrastructure business.
The sale of VeriSign's security consulting process marks the end of a two year process by the firm to offload 13 non-core businesses earmarked for divestment. VeriSign sold its messaging business to Syniverse Holdings for $175 million in cash last month, in stage 12 of the same 13 step divestment program.
VeriSign's core business involve running the top-level domains for .com and .net and offering security and telecom services, such as digital certificates. ®