Mountain View, California – (The Hosting News) – October 18, 2005 – Internet security and infrastructure giant, VeriSign, Inc., today announced the acquisition of Moreover Technologies, a wholesale aggregator of real-time content and news for web sites, search engines and enterprise customers.
By combining Moreover’s content aggregation services with VeriSign’s global feed management infrastructure, VeriSign will offer bloggers, publishers, enterprises and web portals a more intelligent and scalable, real-time content platform.
The new content aggregation services will utilize VeriSign’s ping server infrastructure to increase the reliability and intelligence of its content distribution network. Currently, Moreover aggregates more than 12,000 news sources and millions of blogs.
Harvesting information from across 126 countries in 25 languages, Moreover uses an advanced content tagging system with more than 30 metadata tags and 380 categories to deliver hundreds of thousands of unduplicated real time content articles every day. Customers such as MSN, AskJeeves, and BBC use Moreover’s technology to provide their customers with real-time news and content while hundreds of other enterprises, use the technology to garner real-time information about market and business trends.
According to Mark McLaughlin, Senior Vice President and General Manager of VeriSign’s Naming and Directory Services, ”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, as well as for our enterprise and web portal customers to improve the reliability and quality of their feeds as the demand for RSS and Blog information continues to grow.”
James Pitkow, President and CEO of Moreover Technologies added, ”Moreover customers are delighted with our ability to rapidly harvest, tag and distribute customized real-time content within minutes. Our customers not only seek the fastest and most current aggregated content, but they also demand reliable and highly structured data feeds. VeriSign’s intelligent infrastructure will allow us to provide our customers with even greater stability to deliver real-time content so our customers can continue to count on this information as a reliable part of their business communications and applications.”
The price of the acquisition was approximately $30 million in cash and it is being accounted for as a purchase transaction. Moreover Technologies has 35 employees with offices in San Francisco and London.
For additional news and information about Verisign, please visit: www.verisign.com.