Log in

Symantec Sells SSL Business to DigiCert for $950M in Cash and 30% Shares

In the face of devastating penalties prepared by Google, Symantec announced plans to sell its SSL issuance certificate business to rival company DigiCert. The price of the acquisition is $950 million in upfront cash and a 30 percent stake in DigiCert stock at the closing of the transaction. At the time of writing, Symantec was the third largest SSL provider on the market after Comodo and IdenTrust, with a market share of 14% and SSL certificates running on 5.5% of the Internet's domains. DigiCert is ranked sixth with a 2.2% market share and certificates on 0.9% of the Internet's sites. On the other hand, DigiCert has a bigger presence in the IoT market, where its SSL certs are often used to encrypt traffic between smart devices and vendor servers.

Tagged under

Chobani Refocuses Marketing and Sales Around Demand Creation

Ten years ago, newcomer Chobani was excited when a small Long Island grocer became the first to stock its Greek yogurt. Then came another. And another. Now, as a $1.5 billion giant with the country's single leading yogurt brand, Chobani wants to dominate even further and unseat Dannon as the largest U.S. yogurt maker. To help, Chobani is rolling out a new organizational structure focused on what its chief marketer calls demand creation. Sales, marketing, insights, product innovation and other areas, which were largely separate, are now housed in one demand department as Chobani aims to do more with more speed and agility.

Teachers Retirement System Of The State Of Kentucky Has Boosted Its Maxim Integrated Products (MXIM) Holding by $1.19 Million as Stock Rose

Teachers Retirement System Of The State Of Kentucky increased its stake in Maxim Integrated Products (MXIM) by 22.01% based on its latest 2016Q4 regulatory filing with the SEC. Teachers Retirement System Of The State Of Kentucky bought 31,218 shares as the company’s stock rose 3.86% with the market. The institutional investor held 173,040 shares of the technology company at the end of 2016Q4, valued at $6.67M, up from 141,822 at the end of the previous reported quarter. Teachers Retirement System Of The State Of Kentucky who had been investing in Maxim Integrated Products for a number of months, seems to be bullish on the $12.90B market cap company. The stock rose 0.50% or $0.23 reaching $45.67 per share. About 1.33 million shares traded. Maxim Integrated Products Inc. (NASDAQ:MXIM) has risen 31.27% since August 1, 2016 and is uptrending. It has outperformed by 14.57% the S&P500.

‘Turkey Has A Big Role to Play’ in Syria, US Secretary of State Tillerson Says

U.S. Secretary of State Rex Tillerson recognized Turkey's role in resolving the ongoing Syrian crisis during a press briefing Tuesday. Speaking about the situation in Syria and related peace processes, Tillerson said that there were two conflicts underway in Syria: the war against Daesh and the civil war "that created the conditions for [Daesh] to emerge," which is why the U.S. had been hoping to avoid the outbreak of civil war.

Turkish University Focuses On Health Technology

by Guc Gonel, AA ISTANBUL - Istanbul Technical University is working on future health technologies such as early detection of cancer and the use of 3D-printer technology, it said on Wednesday. The university is taking help from its engineering departments to produce these technologies which include an early detection mask for lung cancer, said a statement released by the university.

Nearly 500 People On Trial In Turkey Over Failed Coup

Nearly 500 people are standing trial in Turkey's capital, Ankara, for their alleged roles in a failed coup attempt last July. "They're charged with murder, violating the constitution and attempting to kill the president," NPR's Lauren Frayer reports from Turkey. "Most are military officers who were stationed at an airbase where fighter jets took off and bombed Parliament on the night of the attempted coup last summer." The failed coup killed some 249 civilians and the government declared a state of emergency. Then, it suspended or fired about 150,000 people from their jobs, NPR's Peter Kenyon reported, and arrested more than 50,000. The crackdown has drawn criticism from human rights groups.

TCA Announces 4th Annual Turkish American Youth Leadership Congress

This month, TCA opened applications for the Fourth Annual Turkish American Turkish American Youth Leadership Congress. The Congress will take place October 26-29, 2017 in Washington, D.C., and will provide selected individuals the opportunity to experience Washington, D.C. and connect with their peers and heritage while learning about civic engagement, political activism, leadership, and the U.S.-Turkey relationship. TCA will select up to 25 young Turkish Americans to participate in this exclusive, all-expenses-paid forum. Applications for the 2017 Turkish American Youth Leadership Congress are due Monday, September 11, 2016.

Year-on-year Rise in Visitors to Turkey

The number of foreigners visiting Turkey in the first half of 2017 increased by more than 14 percent on the same period last year, the Tourism Ministry said Tuesday. The figures showed 12.25 million foreign visitors entered from January to June, compared to 10.74 million in the first six months of 2016. However, three years ago 15.24 million visitors came from overseas in the six months to July.

Why is Turkey Buying the S-400 Russian Missile Defence System?

Turkey, which boasts the second-largest army in NATO, announced last week, on Tuesday, it had inked a deal to buy an S-400 (NATO version SA-21 Growler) missile defence system for $2-3 billion from Russia. The deal led NATO members to question Turkey's move and what it means for their alliance with NATO. The parties did not share the details of the S-400 agreement due to its sensitivity. But according to initial agreements, next year Turkey will receive two S-400 missile batteries from Russia and in the next two years will produce two batteries on Turkish soil. The agreement dates back to November 2016, however, at the end of April 2017, Turkish Foreign Minister Mevlut Cavusoglu made it clear that they were in talks with Russia regarding the S-400s and negotiations about joint production and costs have picked up steam since then.

Davidoff Hutcher & Citron LLP Welcomes Brian C. Kochisarli as Senior Counsel to the Firm

Davidoff Hutcher & Citron LLP welcomes Brian C. Kochisarli as Senior Counsel. Brian’s primary focus will be on government relations, corporate and land use areas of practice representing public and private companies, venture capitalists, partnerships, and individuals. Brian has significant experience in navigating his clients and major development projects through the complexities of City and State agencies. Prior to joining DHC, Brian was the managing partner at Amanatides Kochisarli PLLC. Brian graduated from Brandeis University, where he received his B.A. degree and earned his J.D. degree from New York Law School. Brian can be reached at (646) 428-3204 or This email address is being protected from spambots. You need JavaScript enabled to view it..  

Subscribe to this RSS feed