VeriSign has acquired Weblogs.com, a service that alerts subscribers to new Blog and Web posting. The sale was made for $2.3 million in cash. VeriSign claims to be intending to continue to maintain and run Weblogs.com, a service which supports thousands of daily feeds from bloggers and other publishers a day.
"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.