BT buys Counterpane to bolster security services

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BT is to acquire managed security services firm Counterpane Internet Security for an undisclosed sum as part of plans to beef up the security expertise of its global professional services capabilities.

Post-acquisition, company founder and well-known security guru Bruce Schneier will continue in his role as CTO, while Paul Stich will remain chief exec of the US-based organisation.

Counterpane currently monitors 550 networks worldwide for various multinational and large US enterprise customers. The firm pulls in revenues of around $20m a year. Counterpane competes in offering services that allow enterprises the monitoring of security threats affecting their networks with firms such as Symantec. ®

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