Verizon Business buys Cybertrust

Continuing its push into managed security services, Verizon Business today announced its acquisition of Cybertrust, a global managed-security firm known for pioneering security certification, for an undisclosed amount of money.

The acquisition will add Cybertrust’s customer base and global presence, including 30 locations and 800 employees, to the portfolio of services Verizon is offering, and contribute its professional services expertise and security experience. Verizon Business has focused on creating what it calls a “cloud to core” security offering that gives enterprise customers the full range of protection for their networks, both wide area and local area.

Cybertrust has provided services including identity management, managed security, vulnerability/threat management and security certification. The company also offers enterprise-wide quantified risk analysis, individual application assessments, and forensics and incident response services, according to Verizon Business.

“ This acquisition will make Verizon Business the premiere global partner for large business and government cusotmers," said Nancy Gofus, senior vice president and chief marketing officer of Verizon Business. "We are adding a strong suite of security services products to those we already had. Without question, Cybertrust is a global leader in securing critical data, protectiing identifies, and providing conformance. We believe this redefines the global managed security landscape."

The deal is expected to close in 60 to 90 days.

Globally, major telecom operators have added managed security to their portfolios as IT and telecom managers have sought help warding off the growing number of threats, including denial of service attacks, identify theft, spam, viruses and more. BT acquired Counterpane in 2006 for much the same reason. Verizon's acquisition of Cybertrust could put pressure on other providers including AT&T and Orange Business Services, to directly acquire security expertise.

Verizon Business will merge its current security operations, with about 300 employees, with the 800 employees of Cybertrust, and is interested in retaining those employees, Gofus said.

She said Cybertrust will enable Verizon Business to offer more customized solutions to its customers. "We believe the best solution is always tailored to the customer," Gofus said.

Becoming part of Verizon Business will extend Cybertrust's reach and enable the company to continue innovating, said Jim Ivers, vice president of marketing at Cybertrust.