TruSecure has merged with Betrusted, forming a new company called Cybertrust.
The new company will combine risk management consulting services and products from TruSecure with security services from Betrusted, and sell both managed security services and security software, according to Brett Jackson, chief operating officer of the newly formed company.
"For customers who want us to do managed security, or outsource their security, we have that capability. Others who want to do it themselves, and we have capabilities there. We understand what good security practice is, from risk management to compliance," he said.
Cybertrust will be based in the States, employ around 1,000 people globally and have annual revenue of about $160 million, he said.
Betrusted, formerly based in New York, was a wholly owned subsidiary of Bank One's One Equity Partners, which purchased the group from PricewaterhouseCoopers in January 2003. The company provided managed security services to companies in the financial services, manufacturing, telecommunications and health-care industries, with a specialty in identity management, Jackson said.
Betrusted has also aggressively acquired companies in recent months. It acquired an 85 percent share of publicly traded Ubizen, a managed security services provider based in Brussels, and purchased Baltimore Technologies's PKI and Web hosting services in December.
John Becker, TruSecure's CEO will take over as head of the new company, which will compete with companies such as Symantec by offering product-agnostic security consulting expertise and a support network spanning 27 countries to 2,000 companies globally, Jackson said.
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