Verizon Business to acquire Cybertrust and ICSA Labs
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.
In addition to enhancing Verizon Business’ global security services, Cybertrust offers a proven identity management suite, as well as Security Operation Centers in Europe, the Middle East, Africa and Asia-Pacific for a true “follow the sun” approach to security operations. 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 on the market today.