Security firms merge to form Cybertrust

Information security firms TruSecure and Betrusted are expected to merge today, creating Cybertrust, one of the world's largest privately owned security groups.

Cybertrust will have more than 1,000 employees, 4,000 clients and qill focus on providing large businesses and public sector organisations with advice and technology to protect critical information security.

Corporate compliance for new regulations such as Sarbanes-Oxley and Basel II, will also be a key business focus for the newly merged firm, which will have annual revenues in excess of $160 million.

'Persistent security will be needed to strategically address the vulnerability, threat, compliance and identity issues facing organisations and governments today,' said John Becker, chief executive of Cybertrust.

Cybertrust will combine identity management and PKI products from Betrusted, risk management and compliance services from TruSecure and intrusion detection and prevention technology from Ubizen, a subsidiary of Betrusted.

'The market is searching for one company that offers a broad range of products, deep technical and vertical expertise and a worldwide presence,' said Pamela Fusco, chief security officer at pharmaceutical giant Merck & Co.

The deal will help European and Asia-Pacific focused Betrusted increase its presence in North America, while TruSecure will be able to bolster services globally.

Completion of the merger is subject to shareholder and regulatory approvals.

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