Verizon plans to buy Cybertrust

Verizon Communications Incorporated's Business unit plans to acquire managed security vendor Cybertrust in an effort to pump up its cybersecurity offerings. The financial terms of the transaction, expected to be completed in 60 to 90 days, were not disclosed. Cybertrust is a cybersecurity firm with 800 employees and operations in 30 locations worldwide. Its services include identity management, managed security services, vulnerability and threat management, security certification programs and a range of professional services, such as risk analysis, forensics and incident response services.

Verizon Business will also acquire ICSA Labs, an independent division of Cybertrust. ICSA Labs provides security product certification services and has tested and certified 95% of the installed security products on the market today, according to Cybertrust. Cybertrust's identity management unit gives Verizon Business new capabilities to help its customers manage user identities across multiple systems and applications. Verizon Business will offer a range of products for governments and large businesses to manage electronic identities.

News source: PC World

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