TruSecure, Betrusted Merge for Managed Security Services

By Larry Seltzer  |  Posted 2004-09-20 Print this article Print

Called Cybertrust, the newly formed security company will focus on managed services, and operate world-wide. Ubizen also part of the pact.

A trio of security companies will announce a merger on Tuesday, forming Cybertrust, a new company that will offer security services worldwide. Cybertrust will be formed from risk management vendor TruSecure Corp., of Herndon, Va.; Betrusted Holdings Inc., a New York developer of identity management solutions; and Ubizen NV, a subsidiary of Betrusted based in Leuven, Belgium, that produces the OnlineGuardian software. The merger brings together companies with expertise spanning a variety of security technologies, including identity management, threat and vulnerability management and public-key encryption. While the agreement is subject to both shareholder and regulatory approval, the new company starts out with $160 million in annual revenue, some 4,000 customers and a staff of 1,000 employees, officials said.

For insights on security coverage around the Web, check out Security Center Editor Larry Seltzers Weblog.
"Persistent security will be needed to strategically address the vulnerability, threat, compliance and identity issues facing organizations and governments today," said Cybertrusts CEO John Becker in a statement. He was previously chairman and CEO of TruSecure. "Cybertrust will become the largest private security services provider in the world," said Peter Tippett, TruSecure CTO, who will take the same spot with the new company. He said that in terms of services, the new company will be larger than Symantec Corp. According to Tippett, one major goal of the new company will be to automate many of the services currently provided by the three merging companies. He also noted that Cybertrust will become the second largest provider of certificate and trust services after Verisign Inc. Whats the latest take on Verisigns legal wranglings with ICANN? Click here to read more. Cybertrust will offer solutions as professional or managed services on site and through a new program of accredited "Trustcenters," officials said. Tippett added that consulting divisions of all three companies will continue to exist, but that as more and more services are automated, most consulting will be aimed at implementation. Cybertrusts announcement continues the teeter-totter growth and consolidation in the managed security services space. Late last year Verisign acquired Guardent Inc., a move that analysts expected to bring a wave of consolidation through the industry. Still, other companies are entering the field. For example, MCI Inc. in April started up a new set of managed security services, including a managed intrusion prevention system (IPS Wayne Rash contributed to this story. Check out eWEEK.coms Security Center for security news, views and analysis. And for insights on security coverage around the Web, check out Security Center Editor Larry Seltzers Weblog.

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Larry Seltzer has been writing software for and English about computers ever since—,much to his own amazement—,he graduated from the University of Pennsylvania in 1983.

He was one of the authors of NPL and NPL-R, fourth-generation languages for microcomputers by the now-defunct DeskTop Software Corporation. (Larry is sad to find absolutely no hits on any of these +products on Google.) His work at Desktop Software included programming the UCSD p-System, a virtual machine-based operating system with portable binaries that pre-dated Java by more than 10 years.

For several years, he wrote corporate software for Mathematica Policy Research (they're still in business!) and Chase Econometrics (not so lucky) before being forcibly thrown into the consulting market. He bummed around the Philadelphia consulting and contract-programming scenes for a year or two before taking a job at NSTL (National Software Testing Labs) developing product tests and managing contract testing for the computer industry, governments and publication.

In 1991 Larry moved to Massachusetts to become Technical Director of PC Week Labs (now eWeek Labs). He moved within Ziff Davis to New York in 1994 to run testing at Windows Sources. In 1995, he became Technical Director for Internet product testing at PC Magazine and stayed there till 1998.

Since then, he has been writing for numerous other publications, including Fortune Small Business, Windows 2000 Magazine (now Windows and .NET Magazine), ZDNet and Sam Whitmore's Media Survey.

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