NEWS
October 19, 2005
VeriSign Buys Moreover for $30 mil

VeriSign Inc. has acquired Moreover Technologies, a distributor of blogs, in a deal valued at about $30 million in cash.

This is the largest transaction to date of a blog-related company. The Jordan, Edmiston Group, Inc., an investment banking firm, represented Moreover in this deal.

Last week VeriSign purchased Weblogs Inc. for an estimated $2.3 million. Weblogs alerts subscribers when new blog material is posted.

Currently, Moreover aggregates more than 12,000 news sources and millions of blogs from across 126 countries in 25 languages.

"By combining the intelligent content of Moreover's aggregation services with RSS feeds and the reliability of our ping server infrastructure, VeriSign will provide our customers with a highly relevant source of real-time information. The new services will make it easier for publishers and bloggers to distribute and track their content," says Mark McLaughlin, SVP, naming and directory services, VeriSign.