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October 1, 2009
DALLAS -- AT&T* today announced the acquisition of VeriSign's global security consulting business in a transaction that closed today. Terms of the deal were not disclosed.
VeriSign's Global Security Consulting Services business helps Fortune 500 companies understand corporate security requirements, navigate diverse regulations, identify security vulnerabilities, defend against and respond to attacks, reduce risk and meet business and industry security compliance requirements.
The transaction aligns VeriSign's security consulting experience in comprehensive risk assessment with AT&T's suite of network-based cybersecurity services. AT&T has long been a pioneer in the development of cybersecurity services and capabilities, with AT&T Labs and its cybersecurity organization working closely together to provide industry leading enterprise services and technology. AT&T recognizes that security cannot rest in a single layer of defense - security intelligence must be embedded in all network layers to quickly and easily determine threats to network and application performance and address risks.
As businesses continue to merge multiple forms of content - from voice to video to data -- on to a single communication network, and integrate mobility access to corporate networks, enterprise security becomes more complex. IT research firm IDC estimates the annual enterprise IT security services market in the U.S. is $11.7 billion. Within that market, IDC estimates the U.S. security consulting services market to be $3.6 billion. (1)
"AT&T delivers today's most powerful weapons to help combat cybersecurity attacks. Our network security solutions rely on three key ingredients - a scalable, reliable global IP network, security experts with in-depth, hands-on experience, and the innovation and research of AT&T Labs," said Ron Spears, President and CEO of AT&T Business Solutions.
AT&T Inc. (NYSE: T)
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