EMC Corp. said Monday it has acquired Verid Inc., a Sunrise, Fla.-based security vendor specializing in identity management and authentication technology.
Hopkinton, Mass.-based EMC said Verid has clients that include large financial institutions, telecom providers and retailers.The acquisition is complete and the cost of the transaction is not being disclosed, EMC said in a statement.
Verid will function as a separate product line and services offering within RSA for at least the remainder of 2007, but the vendor said it plans to wrap Verid’s technology into the RSA Adaptive Authentication suite. EMC acquired Bedford, Mass.-based RSA Security Inc. last year. RSA, which sells encryption software has operated as part of EMC’s security division.
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