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Symantec Sells SSL Business to DigiCert for $950M in Cash and 30% Shares

In the face of devastating penalties prepared by Google, Symantec announced plans to sell its SSL issuance certificate business to rival company DigiCert. The price of the acquisition is $950 million in upfront cash and a 30 percent stake in DigiCert stock at the closing of the transaction. At the time of writing, Symantec was the third largest SSL provider on the market after Comodo and IdenTrust, with a market share of 14% and SSL certificates running on 5.5% of the Internet's domains. DigiCert is ranked sixth with a 2.2% market share and certificates on 0.9% of the Internet's sites. On the other hand, DigiCert has a bigger presence in the IoT market, where its SSL certs are often used to encrypt traffic between smart devices and vendor servers.

World's No. 1 Certificate Authority Comodo Announces Upgrade Program for Symantec, Thawte and GeoTrust Certificates

CLIFTON, N.J., July 13, 2017 /PRNewswire/ -- Comodo, a global innovator and developer of cybersecurity solutions and the world's No. 1 certificate authority, today announced a competitive upgrade program exclusively for owners of Symantec, Thawte and GeoTrust digital certificates seeking greater relations and longer life for their extended validation (EV) certificates. Under the program, Comodo and its partners will provide an equivalent certificate that includes one year free for all existing Symantec, Thawte and GeoTrust certificates.

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