VeriSign buys Weblogs.com for $2.3 m
Internet services company VeriSign Inc. said Friday it acquired Weblogs.com, a "ping server" that alerts subscribers to new blog and Web postings, for $2.3 million in cash from Scripting News Inc.
VeriSign said it will continue running Weblogs.com, which supports thousands of daily feeds from bloggers and other publishers a day, as an openly available service. It uses really simple syndication, or RSS, a format designed for sharing headlines and other Web content.
"The Internet has experienced an explosion in both the number of bloggers and the number of daily RSS feeds from bloggers over the past 12 to 24 months, but the infrastructure to support that level of Internet communications has not kept pace," Mark McLaughlin, senior vice president of VeriSign's naming and directory services, said in a statement.
McLaughlin said VeriSign is uniquely positioned to provide the infrastructure that the blogosphere needs. VeriSign already handles several billion Internet interactions a day in operating the Web's .com and .net infrastructure.
Resource: BusinessWeek
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