MelbourneIT acquires Verisign DBMS

Melbrourne IT have just announced they have purchased the Digital Brand Management Services (DBMS) division from Verisign. This 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 then 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
- Over 2,000 premium enterprise clients
- More than 300,000 digital brands under management
- 120+ staff
- Experienced management team & staff
- World-class digital brand management portal
- Annualised cost synergies in excess of US$1.5m

Story via TechCrunch and DomainTools.