BT acquires Counterpane Internet Security

Published 26 October 2006

IT security is a growing problem – and a growing business; BT has many corporate customers, and to offer these customers a more robust managed security service with enhanced auditing and reporting capabilities, it has just acquired a California IT security outsourcing specialist

IT security is a pressing issue, which means it offers good business opportunities for those coming up with good solutions and which, moreover, offer reliable IT security outsourcing services for corporations. Mountain View, California-based Counterpane offers what corporations regard as good solutions, and this is why the company is currently engaged in monitoring 550 networks worldwide for multinational and Fortune 100 customers. BT is now acquiring the company. Post-acquisition, Bruce Schneier, the founder of the company, will continue in his role as CTO and Paul Stich will remain its CEO.

Andy Green, CEO BT Global Services, said: “Counterpane is a welcome addition to BT’s global professional services community. As more and more of our customers seek to exploit the opportunities of globalization, we are finding that increasingly business critical applications are dependent upon the resilience and security of their infrastructure. ”

Security threats are becoming more sophisticated by the day, and a larger number of companies are outsourcing the management of their security infrastructure to specialized security service providers. This acquisition of Counterpane, a leader in this space, will allow BT to benefit from a valuable set of security management technologies, allowing it to offer its customers a more robust managed security service with enhanced auditing and reporting capabilities.

-read more in this New York Times report