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Verisign snaps up Moreover.
Byline: Mark Chillingworth.
News aggregation service Moreover has its sights set on market heavyweights Factiva and LexisNexis following its acquisition by internet infrastructure provider Verisign.
VeriSign, which is best known for the provision of domain names and internet security, paid $30m for the company set up by former Financial Times journalist Nick Denton.
Moreover will become part of Verisign's Real Time Publishing Services division. James Pitkow, president and CEO of Moreover, and now vice president of real time publishing services at Verisign, is bullish about the prospects for Moreover to overhaul the established players.
"There is going to be a lot of shake-out in this sector," he said. "We have been selling against Factiva and LexisNexis and doing well."
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Source: HighBeam Research, Verisign snaps up Moreover.