Neustar and Verisign have announced that Neustar will be acquiring Verisign’s Security Services customer contracts. The acquisition consists of Distributed Denial of Service (DDoS) Protection, Managed DNS, DNS Firewall and fee-based Recursive DNS services customer contracts.
This acquisition will strategically grow Neustar’s leading Digital Defense and Performance solutions by expanding its enterprise customer footprint in several high-growth industries, such as technology, e-Commerce and financial services. Neustar features one of the industry’s most comprehensive security portfolios comprised of DDoS mitigation, web application firewall (WAF), authoritative and recursive DNS, IP and threat intelligence, and website performance management.
As part of the transaction, Verisign will continue to support the Security Services customers during the transition to Neustar, pursuant to a transition services agreement that is expected to be executed at closing.
“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,” said Shailesh Shukla, General Manager, Digital Defense and Performance Solutions, Neustar. “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.”
“We’ve grown the Neustar SiteProtect NG solution to be one of the world’s largest dedicated networks with more than 10 Tbps mitigation capacity and the Neustar NetProtect™ solution directly connects to a vast network of globally distributed data centers. This is a testament to our steadfast commitment to our customers and consumers. Our number one priority will remain providing all of our customers with a secure infrastructure built on a foundation of unmatched stability, resiliency and performance,” said Charles Gottdiener, President and Chief Executive Officer, Neustar.
“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. Given this experience, we believe Neustar is well-suited to continue to deliver the innovative solutions and world-class performance to which Verisign’s Security Services customers are accustomed,” said Jim Bidzos, Verisign Founder, Chairman and CEO.
Commenting on the transaction, Jim Bidzos, Executive Chairman, President and Chief Executive Officer at Verisign said: “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.”
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