VeriSign / Moreover Technologies

VeriSign Inc has confirmed its acquisition of web-based distributor of news and online material, Moreover Technologies, in a deal valued at around USD30m in cash.

According to VeriSign the acquisition combines its own information delivery technology with Moreover's links to millions of blogs and over 12,000 news sources. The acquisition is expected to increase the stability of real-time content delivery for Moreover's customers, which include AskJeeves, the BBC and MSN. In addition, it should enable bloggers and publishers to more easily track and distribute their content.

The acquisition of Moreover follows VeriSign's recent USD2.3m purchase of Weblogs Inc, a service alerting subscribers to new blog postings. Merrill Lynch, a financial management and advisory company, claimed the two purchases move VeriSign into a position appropriate to target mobile users.

(c) Internet Business News