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April 19, 2005

The Web Host Industry Week in Review

The spring seems to be shopping season in the Web hosting business, as the flood of acquisition news carried with vigor into this week’s Industry announcements.

On Monday, Internet infrastructure and security provider VeriSign announced that it had completed its acquisition of wireless messaging and interoperability firm LightSurf, for $270 million in VeriSign stock. According to VeriSign, the addition of LightSurf’s technology is expected to enable the company to offer carriers a wireless utility that includes functions for picture messaging, multimedia messaging and inter-carrier messaging and interoperability. VeriSign will add 300 full-time LightSurf employees.

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06:09 AM in Web Hosting Companies | Permalink