Symantec sells certificate business to DigiCert.

What Led to Symantec Selling Its Digital Certificate Business?

Symantec, a well-known cybersecurity company, recently made headlines by selling its digital certificate business to DigiCert. This move came as a surprise to many in the industry, as Symantec had long been a dominant player in the digital certificate market. So, what were the factors that led to this decision?

Security Concerns: One of the main reasons behind Symantecs decision to sell its digital certificate business was the security concerns that had been raised in recent years. There were incidents where Symantec was found to have issued certificates to malicious actors, undermining the trustworthiness of their certificates.

Competition: The digital certificate market is highly competitive, with many players vying for market share. Symantec faced stiff competition from other companies offering similar services, and selling the business may have been a strategic move to focus on other areas where they could be more competitive.

Regulatory Compliance: In the wake of security incidents and concerns, regulatory bodies began to tighten their requirements for SSL/TLS certificate providers. Symantec may have decided that it was more cost-effective to sell the business rather than invest in meeting regulatory compliance requirements.

What Does This Mean for Symantec and DigiCert?

The sale of Symantecs digital certificate business to DigiCert will have significant implications for both companies. For Symantec, it means divesting a key part of their business and focusing on other areas. For DigiCert, it means expanding their market share and strengthening their position in the digital certificate industry.

How Will This Affect Customers Who Use Symantecs Certificates?

Customers who currently use Symantecs certificates will likely need to transition to DigiCerts services. DigiCert has stated that they will work closely with Symantec customers to ensure a smooth transition and provide support throughout the process.

What Will Happen to Symantecs Employees Who Were Part of the Digital Certificate Business?

It is unclear what will happen to Symantecs employees who were part of the digital certificate business. Some employees may be offered positions at DigiCert, while others may be transitioned to different roles within Symantec or be let go as part of the sale.

How Will This Impact the Overall Digital Certificate Market?

The sale of Symantecs digital certificate business to DigiCert is likely to shake up the digital certificate market. DigiCert will now be one of the major players in the industry, competing with other established providers such as Comodo and Entrust Datacard.

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