Security software maker Symantec today announced that it has reached a deal to sell its Symantec Website Security and public key infrastructure solutions business lines to DigiCert.

Under the agreement, Symantec will receive $950 million in cash and a 30 percent stock stake in DigiCert.

Symantec’s certificate business made headlines in January when the company was forced to revoke a series of web security certificates that were mistakenly issued by a partner.  

“Transitioning our Website Security and related PKI solutions to DigiCert allows us to sharpen our enterprise focus on delivering unparalleled protection for the cloud generation through Symantec's Integrated Cyber Defense Platform,” Symantec CEO Greg Clark said in a statement. “As our recently announced deals with Fireglass and Skycure demonstrate, we are accelerating the pace of innovation we bring to market through a combination of acquisitions as well as development from the ground up.”

Datto names new CFO – Data protection giant Datto, Inc., this week announced the hiring of Timothy Weller as the company’s new chief financial officer.

Weller most recently worked as interim CEO and CFO at London tech firm, Wonga.

He previously worked as CFO at EnerNoc and Akamai, both publicly traded firms.

“Tim brings a strong track record of financial and business leadership supporting both emerging growth and public technology companies,” Datto CEO Austin McChord said in a statement. “We've built a stellar management team, and we look forward to collaborating with Tim to continue to grow our business by providing value to our managed service provider (MSP) partners, employees and investors.”

Avast adds Security Assessment to RMM – Toolset maker Avast this week released a new version of its AVG Managed Workplace remote monitoring and management (RMM) solution, which includes a new feature for performing site security assessments for small- and medium-sized business customers.

“An alternative to costly and complex assessment and monitoring solutions, (MSPs) now have a simplified way to perform real-time security assessments and consolidate the data into easy-to-read reports that prescribe solutions for issues,” a statement from the company said. “From these reports, MSPs can quickly recommend solutions, take actionable steps to remediate issues and demonstrate how they are keeping businesses safe and secure all from the Managed Workplace (RMM) platform.

Vology CISO promotion – Tampa, Fla.-based MSP and reseller Vology, Inc., announced today that former senior technology strategist Scott Caschette has been promoted to the role of Chief Information Security Officer.

Caschette, who was named The Tampa Bay Business Journal’s 2016 CIO of the Year, will head the company’s new managed security practice.  

“In less than a year, Scott has become an integral part of the Vology team, offering distinctive insight as a former CIO for one of our customers,” Vology CEO Barry Shevlin said in a statement. “With his pragmatic approach to problem solving and his security background, he was the ideal choice to take the CISO role and build out our managed security practice.”

Vology was ranked No. 25 on the 2017 MSPmentor 501 Worldwide Company Rankings of top MSPs.

 

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