RealNews

Herndon, N.Y. Cyber-Security Firms to Merge

TruSecure Corp., a Herndon provider of network security systems, agreed to merge with Betrusted Holdings Inc., a New York company that offers similar services. Financial terms of the all-stock deal, which is set to be announced today, were not disclosed. The combined company is to be renamed Cybertrust, and its headquarters will be in Herndon. It will have about 1,000 employees and $160 million in annual revenue, company executives said. One Equity Partners LLC, the venture capital arm of J.P. Morgan Chase & Co.’s Bank One, owns Betrusted and will be the majority stakeholder in Cybertrust. The combined company will sell intrusion detection technologies, firewall application management systems and consulting services to business clients. Full Story

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