Basking Ridge, New Jersey – (The Hosting News) – June 20 2007 – Web host and Internet solutions firm, Verizon Business, has entered into an agreement to acquire privately held provider of global information security services firm, Cybertrust. Financial terms of the deal expected to close in 60 to 90 days,
have not been disclosed.
The acquisition is hoped to make Verizon Business a leading provider of managed information security services to large-business and government customers worldwide. By combining Cybertrust’s global presence and customer base, focused security expertise and professional services with Verizon Business’ ”cloud-to-core” security portfolio, global IP network and financial strength, the acquisition creates a powerful and unique player that will redefine the global security landscape.
Cybertrust is an information security firm with 800 employees and operations in 30 locations across the Americas, Europe, the Middle East and the Asia-Pacific region — is a critical data security firm, that endeavors to protect identities and help customers demonstrate ongoing compliance. Services include identity management, managed security services, vulnerability/threat management, security certification programs and a full range of professional services including enterprise-wide quantified risk analysis, individual application assessments, and forensics and incident response services.
John Killian, President of Verizon Business remarked, ”Security is a top concern for corporate CIOs worldwide, and this transaction demonstrates Verizon Business’ focus on and commitment to providing world-class security solutions. As the world continues to move to IP, this combination creates an essential engine for protecting our customers’ operations end-to-end. It will also enable Verizon Business to accelerate its creation and deployment of world-class security solutions to meet our customers’ increasing need for comprehensive security solutions that are available globally.”
John Becker, Chief Executive Officer of Cybertrust added, ”Joining with Verizon Business creates a capability that provides unmatched security expertise and extensive global reach that enables organizations to proactively manage risk and strengthen their protection of critical information assets. This combination will allow us to deliver a new generation of innovative security services that are aligned with an organization’s business needs at all levels.”
According to industry analyst firm Frost and Sullivan, the managed security services market is growing exponentially and is projected to exceed $6 billion by 2011.
Counse Broders, Senior Research Director at global analyst firm Current Analysis offered, ”The security market has seen its share of mergers. This combination, though, will be very beneficial to Verizon Business, Cybertrust, and customers of both, and thrusts Verizon Business squarely onto the global security stage in a positive way. In short, it’s a competitive coup.”
In addition to enhancing Verizon Business’ global security services, Cybertrust offers an identity management suite, as well as Security Operation Centers in Europe, the Middle East, Africa and Asia-Pacific. Additionally, Verizon Business will acquire ICSA Labs, an independent division of Cybertrust, which is considered the gold standard of security product certification, and which has tested and certified 95 percent of the installed security products currently on the market.
It is anticipated that the
Cybertrust’s Identity Management unit will afford Verizon Business with a strong new capability to help customers efficiently manage user identities across multiple systems and applications. Through this group, Verizon Business will offer a full range of solutions for governments and enterprises to manage electronic identities that enable authentication management, information protection and secure access to resources across enterprise systems. Verizon Business currently offers a comprehensive portfolio of managed and professional security services spanning Verizon’s Internet ”cloud” network to the core infrastructure at the business organization’s premises. This suite of global services delivers advanced threat intelligence and flexible security management, enabling business and government customers to better manage security risks and protect critical assets.
Cybertrust is a global information security specialist, delivering services that secure critical data, protect identities and help customers demonstrate ongoing compliance. Headquartered in Herndon, Virginia, United States, with more than 30 offices around the globe, Cybertrust is one of the world’s largest providers of information security and is a global market leader in managed security services.
Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining global network reach with advanced technology and professional service capabilities, Verizon Business delivers a range of IT and Hosting solutions to fully outsource data centers, storage, application management and IT help desks.
To learn more about Cybertrust, please visit: www.cybertrust.com.
For more information about Verizon Business, please visit: www.verizonbusiness.com.