Verizon Business acquires Cybertrust

News by Fiona Raisbeck

Verizon Business has announced it is to acquire the Virginia-based information security services firm, Cybertrust, as the company aims to bolster its profile in Europe and Asia.

Verizon Business has announced it is to acquire the Virginia-based information security services firm, Cybertrust, as the company aims to bolster its profile in Europe and Asia.

The deal will see the telecommunications company gain Cybertrust’s identity management, managed security services, vulnerability and threat management, security certification programs and other professional services, including risk analysis and forensics.

According to Verizon Business the deal will make the firm the leading provider of managed information security services to large businesses and government customers.

In addition to enhancing the company’s global security services, the transaction aims to offer Cybertrust’s identity management suite, as well as security operation centres across Europe, the Middle East, Africa and Asia.

The move follows other high-profile takeovers of information security firms by telecommunications companies. In October BT announced that it had bought the US security company Counterpane. The telecommunications giant acquired the small California-based firm for about £21 million as part of a “strategy to expand and develop its global professional services capabilities”, to large and small businesses and the public sector.

Verizon Business would not reveal the financial terms of the Cybertrust deal, but the takeover is expected to close in the next two to three months.

 

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