VeriSign Inc., a leading provider of critical infrastructure services for Internet and telecommunications networks, announced the completion of the sale of its Network Solutions domain name registrar business to Pivotal Private Equity. The customer-facing registrar business is the world's leading provider of domain name registration services, and an industry leader in value added services such as business email, website hosting and other web presence services.
VeriSign previously announced a definitive agreement to sell the Network Solutions business unit on October 16, 2003. Under the terms of the agreement, VeriSign will retain a 15% equity stake in the company.
VeriSign previously announced a definitive agreement to sell the Network Solutions business unit on October 16, 2003. Under the terms of the agreement, VeriSign will retain a 15% equity stake in the company.
