Internet giant Neustar have acquired Verisign’s Security Services customer contracts to expand their Digital Defense and Program solutions. With this deal, Neustar will be adding Distributed Denial of Service (DDoS) Protection, Managed DNS, DNS Firewall and fee-based Recursive DNS services to their product portfolio.
According to Neustar, enterprise security needs are growing along with the increasing rate of cyber attacks on a daily basis. They say that these needs can be met if internet security providers expand their set of offerings in order to cater to myriad industries.
By acquiring Verisign’s Security Services customer contracts, Neustar claim that they will be extending their product line to include DDoS, Managed DNS, DNS Firewall, and Recursive DNS services. They say that by taking a buy-instead-of-build route, Neustar will be expanding their footprint in several high-growth industries, such as technology, e-Commerce and financial services.
Shailesh Shukla, General Manager, Digital Defense and Performance Solutions, Neustar, commented:
With this acquisition, Neustar will be able to accelerate its growth in the internet security market, supported by significant investments made to our DDoS and DNS infrastructure, and capacity over the last 12 months.
We’re excited to introduce new customers to our broad portfolio of solutions and are dedicated to a seamless transition, working closely with the Verisign team.
We are wholeheartedly committed to delivering innovative solutions that reduce the disruptions caused by malicious actors and providing world-class customer support.
Verisign claim that they oversee operations for 2 of the 13 global internet root servers and undertake authoritative resolution for the .COM and .NET top-level domains, which support a majority of global e-commerce players. Hence, Verisign say that they transferred the security service customer contracts to Neustar to deliver innovative solutions and top-notch performance.
Commenting on the transaction, Jim Bidzos, Executive Chairman, President and Chief Executive Officer at Verisign, commented:
Verisign is committed to focusing on its core mission of providing critical internet infrastructure, including Root Zone management, operation of 2 of the 13 global internet root servers, operation of .gov and .edu, and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce.
For this reason, Verisign is transitioning its Security Services customers to Neustar. Neustar has been focused on providing specialized web security and digital performance solutions for many years.
It will be interesting to see how Neustar makes the most of this security services extension, following their expansion into the EMEA (Europe Middle East and Africa) and Japan markets a few months ago.