March 13, 2006 10:06 AM PST

VeriSign to acquire Kontiki

VeriSign announced Monday that it plans to acquire Kontiki for $62 million, in a move to enter the broadband content services market.

Kontiki, launched in 2001 by several Netscape alumni, provides managed peer-to-peer technology to speed file downloads and reduce the load on Internet service providers. VeriSign expects the acquisition will help it expand its infrastructure services and IT security business into the broadband content services arena.

"In today's 'any era' where consumers are driving demand for how, when and where content gets delivered, VeriSign is investing in building an intelligent infrastructure for operators, Internet portals, media companies and consumer brands to use to deliver content to all...screens," Vernon Irvin, general manager of VeriSign Communications Services, said in a statement.

Kontiki's system will help power VeriSign's broadband content services technology to enable it to deliver rich media over broadband networks to computers, TV sets and portable gadgets, the companies said.

The deal is expected to close in the current quarter.

See more CNET content tagged:
Kontiki, VeriSign Inc., broadband


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