Authentication Specialist Verid Inc. Bought by EMC
HOPKINTON, Mass. -- EMC Corp. has purchased Verid Inc., a provider of provider of knowledge-based authentication solutions to financial institutions, telecoms and retailers.
EMC said the acquisition of privately held Verid is complete and no other transaction details would be announced.
Fort Lauderdale, Fla.-based Verid (www.verid.com) will be integrated into EMC's RSA division, which also includes the worldwide anti-phishing and fraud detection network of the former Cyota Inc. and the image-based online banking authentication tools of PassMark, deals closed in 2006 for $145 million and $44.7 million, respectively.
More than 100 million end users are now under contract to RSA clients around the world, the company says. - email@example.com