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What does diversify mean?

Looking for the meaning or definition of the word diversify? Here's what it means.

Verb
  1. (transitive) To make diverse or various in form or quality; to give variety to distinguish by numerous differences or aspects.
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Williams, a one-time gas pipeline company, had shrewdly used its rights of way to diversify into telecommunications.
More still needed to be done to diversify into crops such as smallcrops, olives, macadamias and hemp.
The company also said it would diversify its copper product range to boost product margin.
Now the company's second act depends on how fast Micromarketing can diversify its client base.
Strangely, it has taken the brand more than three years to diversify from menswear into womenswear.
We knew in the early 1990s that we needed to diversify and branched out into a lot of different areas.

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