Feeds

Merger creates world's biggest IT security services firm

TruSecure, Betrusted and Ubizen team up

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

IT security firms TruSecure and Betrusted are to merge in order to create the "biggest security services company in the world". Ubizen, Betrusted's mostly owned subsidiary, is also folding into the new company, which is to be called Cybertrust. Subject to regulatory approval the agreement is expected to finalise within the next 30 days.

Cybertrust will have 1,000 employees, 4,000 clients worldwide and $160m in annual revenue, making it the tenth biggest IT security firm in the world and the biggest pure-play services firm, according to John Holland, SVP of International Operations at TruSecure. Both TruSecure and Betrusted are privately held so no valuation has been placed on the deal. The merger is been driven by the need for security service companies to service clients around the world, Holland explained. "IT security firms are converging because they need to achieve critical mass."

Cybertrust will combine identity management services from Betrusted, risk management and compliance services from TruSecure along with managed security and computer forensics services from Ubizen (a majority-owned subsidiary of Betrusted). The company will compete with Symantec, IT integrators and professional services firms in various segments of its business.

The IT security biz has been awash with mergers and acquisitions in recent weeks. Last week Symantec bought security services firms @stake and smaller UK-based firm LIRIC Associates. Last month McAfee announced a deal to acquire vulnerability management company Foundstone for $86m cash. ®

Related stories

Symantec snags @stake
McAfee buys Foundstone for $86m
Baltimore sells crown jewels (to Betrusted)

5 things you didn’t know about cloud backup

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?