BASKING RIDGE, N.J. -- Verizon Business today announced a definitive agreement under which it will acquire Cybertrust, a privately held provider of global information security services. Financial terms were not disclosed.
The combination will make Verizon Business the 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.
The companies expect to close the transaction in 60 to 90 days.
Cybertrust -- 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 global leader in securing critical data, protecting identities and helping its 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.
"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," said John Killian, president of Verizon Business. "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," he said.