VeriSign Acquires News Aggregator
An AP newswire article by May Wong, via Yahoo! News, reports that:
Internet services company VeriSign Inc. said Monday it has acquired news aggregator Moreover Technologies Inc. for $30 million in cash to bolster its position as an organizer and gatekeeper of information flowing on the Internet.
Moreover Technologies, a closely held San Francisco-based company, gathers and filters online news and blogs, then automatically parcels the information in a headline-like format, also known as RSS feeds, to corporate customers, such as Microsoft Corp.'s MyMSN.
The buyout comes just 10 days after Mountain View-based VeriSign said it acquired Weblogs.com from Scripting News Inc. for $2.3 million in cash. Weblogs.com provides subscribers automatic notification of new material on Web sites and online journals known as blogs.
For VeriSign, a company that handles Web domain registrations and provides authentication technology for online transactions, both investments are smart moves in a growing field of real-time distribution of Web content, said Allen Weiner, an industry analyst with Gartner Inc.
posted by Fergie @ 10/17/2005 03:18:00 PM
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