Comodo Sells SSL Business to Silicon Valley VC Firm for Undisclosed Amount
Private equity firm Francisco Partners announced on Oct. 31 that it has acquired the SSL/TLS Certificate Authority (CA) business from security firm Comodo Group. Financial terms of the deal are not being publicly disclosed. "This is a carve-out of the Comodo SSL business, which is now going to be a separate legal and operational entity," Bill Holtz, CEO of Comodo CA told eWEEK. Holtz is joined on the management team of the new Comodo CA business with Chairman of the Board Bill Conner, who is also the current CEO of network security vendor SonicWall. Comodo Group founder Melih Abdulhayoglu, will retain a minority stake in the Comodo CA business, as well as taking an observers role on the Comodo CA board of directors.
- Published in Businessman
- Written by Admin TOA