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14 May 2007
Managed information security vendor Verizon Business has announced a definitive agreement to acquire security player Cybertrust.
The transaction for an undisclosed sum will "redefine the global security landscape" according to Verizon and is expected to close in 60 to 90 days.
John Killian, president of Verizon Business, said: "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, said: "Joining with
Verizon Business creates a capability that provides unmatched security
expertise and extensive global reach that enables organisations 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
organisation's business needs at all levels."
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