MelbourneIT acquires Verisign DBMS

Melbrourne IT just announced to me they purchased the Digital grade Management Services (DBMS) division from Verisign. that makes it clear that VeriSign is going back to focusing on the more profitable registry business. I talked with William Roper (CEO of Verisign) less thereupon a year ago and he indicated that a leaner more focused business was his goal as the incoming CEO.

Deal specifics
- Consideration: US$50m
- Revenue US$29m
- EBIT of US$4m
- by 2,000 premium enterprise clients
- More than 300,000 digital makes under management
- 120+ staff
- Experienced management team & staff
- World-class digital sort management portal
- Annualised cost synergies in excess of US$1.5m

[Source] Jay Westerdal