EMC Corporation has acquired privately held information security technology company Verid, Inc for an undisclosed amount. Florida-based Verid, delivers knowledge-based authentication solutions.

“The acquisition of Verid builds both upon our existing set of authentication methods and significantly extends our capabilities into the preliminary vetting and verification stages of new user relationships in a variety of markets,” said Christopher Young, VP-Consumer and Access Solutions, RSA.

Immediately following the close of the acquisition on June 1, EMC and Verid assembled cross-functional teams to develop integration plans designed to maximize business leverage and efficiencies. Verid will function as a separate product line and services offering within RSA, the security division of EMC. EMC had acquired RSA for $2.1 billion last year. Kevin Watson, CEO, Verid, will continue to lead the business, reporting directly to RSA's Young.

“With this acquisition, we are expanding our ability to provide customers with the most robust set of solutions and deployment options available to protect identities and transactions-both online and via the phone channel. In fact, due to our pre-existing partnership with Verid, we have already made great progress in combining knowledge-based authentication capabilities into the RSA Adaptive Authentication solution,” added Young.

Page(s)   1