The Internet security company Verisign Inc. announced an $800 million acquisition agreement Monday that promises to put it in the top tier of on-line payment services competitors.

The leading provider of certificate technology for authenticating digital information or parties to an electronic transaction said it would issue 5.6 million common shares to buy privately held Signio Inc., an organization with close ties to several banks and credit card processors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.