Verizon buys Cybertrust
- By Michael Hardy
- May 14, 2007
Verizon Business will acquire Cybertrust Inc., adding its global information security services to Verizon's offerings for agencies and businesses.
The deal is expected to close in 60 to 90 days, Verizon said. Financial terms were not disclosed.
Cybertrust's specializes in making critical data secure and protecting identifies. The acquisition will boost Verizon's existing security offerings and strengthen the communications provider's appeal to potential customers concerned about protection of their information, Verizon said.
Cybertrust's Identity Management unit is an important part of the appeal to agencies, Verizon said. It allows customers to manage user identities across a range of systems and applications.
Verizon Communications Inc., of which Verizon Business is a unit, ranks No. 19
on Washington Technology's 2007 Top 100 list
of the largest federal contractors.
Technology journalist Michael Hardy is a former FCW editor.