HOPKINTON, Mass. — EMC Corp. is continuing to broaden its online security offerings, this time acquiring Verid Inc., a Florida-based provider of knowledge-based authentication solutions to financial institutions, telecoms and retailers.
EMC said the acquisition of privately held Verid is complete and no other transaction details would be announced.
Fort Lauderdale-based Verid (www.verid.com) will be integrated into EMC's RSA division, which also includes the worldwide anti-phishing and fraud detection network of the former Cyota Inc. and the image-based online banking authentication tools of PassMark, deals closed in 2006 for $145 million and $44.7 million, respectively.
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