VeriSign, Inc. (Nasdaq: VRSN) got a boost Friday from news that it will join the Nasdaq 100 index on June 9th, after its acquisition of Network Solutions, Inc. becomes effective.
VeriSign, which provides payment, validation and other e-commerce services, will replace its merger partner in the index. Shareholders of both companies are scheduled to approve the merger June 8th, giving the combined company a market capitalization of $26.1 billion.
Additionally, VeriSign announced a collaboration Monday with American Express Co. (NYSE: AXP) and Ariba, Inc. to provide credit card payment processing services for buyers and suppliers using AmEx for purchases made over Ariba’s B2B e-commerce network. The companies said they will develop a new standard to allow communication between different companies’ systems and provide greater security.