In a deal between B2B heavyweights, security provider VeriSign Inc. Tuesday agreed to meld its
new trust services with webMethods
Inc. B2B integration solutions to allow business to more safely trade with one another over the Internet.
Terms of the deal were not disclosed.
Through the bundling of webMethods’ technology with VeriSign’s B2B trust
services, companies and their trading partners will be able to exchange
digital credentials for real-time authentication of identity and privileges.
They may also generate binding proof of electronic transactions through
digital receipts and digital records.
The latest news from VeriSign follows the firm’s colossal March acquisition
of the world’s leading domain name registrar Network Solutions (NSOL), which surpassed the 10-million name mark last Thursday.
VeriSign inked the $21-billion deal to offer its customers a more complete
set of e-commerce products services by combining its security software with
Network Solutions’ giant database of domain names and Web development
VeriSign’s deal with webMethod’s points to its desire to best competition
through the provision of online transaction security through public key
“Enterprises are embracing the Internet as a means to significantly lower
costs and widen their trading networks, whether through their own extranets
or through a new generation of global trading exchanges,” said Stratton
Sclavos, president and chief executive officer of VeriSign.
new B2B Trust Services, enterprises will now have the confidence to migrate
key business processes — such as RFPs, contract negotiations, ordering,
invoicing, payment and settlement — from the offline to the online world.”
Digital receipt and dispute resolution services will be available within the
next 90 days. Pricing depends on the application and is based on
transactions and volumes under consideration.