VeriSign Inc. has agreed to acquire Kontiki Inc. in Sunnyvale, Calif., for US$62 million. VeriSign said the move will allow it to enter the broadband content services business. The Kontiki system will form the "cornerstone" of VeriSign's Broadband Content Services, supporting the legal distribution of rich digital media over IP networks, VeriSign said. The deal is expected to close in the first quarter.

McAfee promotes Weiss to president

McAfee Inc. has promoted Kevin Weiss, its former executive vice president of worldwide sales, to president. He succeeds Gene Hodges, who departed in January to become president and CEO of Websense Inc. At the same time, McAfee promoted Chief Financial Officer Eric Brown to chief operating officer. Brown replaces Stephen Richards, who retired at the end of 2004.

Unisys selling stake in Japanese unit

Unisys Corp. plans to sell its 28 percent stake in its Tokyo-based affiliate, Nihon Unisys Ltd. The sale, which is due to be completed this week, is part of the Blue Bell, Pa.-based vendor's plan to divest noncore assets. The deal is expected to fetch more than $350 million for Unisys, which will use the money to fund an on-going corporate restructuring effort. Unisys wouldn't identify the buyer.