Verizon Business to buy Cybertrust

Telco seeks to boost security offerings

Verizon Business is to buy security vendor Cybertrust for an undisclosed price.

The transaction is expected to close in less than 90 days, the companies say in a statement. Cybertrust, which is privately held, employs 800 people in 30 locations globally. Its headquarters is in Herndon, Virginia.

"Security is a top concern for corporate CIOs worldwide, and this transaction demonstrations Verizon Business' focus on and commitment to providing world-class security solutions," says John Killian, president of Verizon Business.

Cybertrust provides identity management services and tools. The company also runs security operation centres in Europe, the Middle East, Africa and the Asia-Pacific region.

Counse Broder, an independent analyst at Current Analysis, says the acquisition will "thrust Verizon Business squarely onto the global security stage in a positive way".

Verizon Business also plans to acquire ICSA Labs in the deal. ICSA Labs is an independent division of Cybertrust that provides security product certification.

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