CyberTrust was a security services company formed in Virginia in November 2004 as a result of a merger of the TruSecure and Betrusted security companies. Cybertrust acquired a large stake in Ubizen, a European security services firm based in Belgium to become one of the largest information security

Information security

Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction....

 firms in the world.

History

CyberTrust was originally founded as a subsidiary of GTE Corporation

GTE

GTE Corporation, formerly General Telephone & Electronics Corporation was the largest independent telephone company in the United States during the days of the Bell System....

's Contel Federal Systems, Inc. Then, in 2000, GTE

GTE

GTE Corporation, formerly General Telephone & Electronics Corporation was the largest independent telephone company in the United States during the days of the Bell System....

 sold CyberTrust to Ireland-based security company Baltimore Technologies plc

Baltimore Technologies

Baltimore Technologies was a leading Irish internet security firm, with its headquarters in Dublin Ireland. It was listed on the London Stock Exchange and was briefly part of the FTSE 100 Index during 2000.-History:...

 for $150 million dollars. In 2003, Baltimore Technologies

Baltimore Technologies

Baltimore Technologies was a leading Irish internet security firm, with its headquarters in Dublin Ireland. It was listed on the London Stock Exchange and was briefly part of the FTSE 100 Index during 2000.-History:...

 started to divest itself from its operating companies and sold all digital certificate operations to Betrusted Holdings, Inc.. A year later, in September 2004, Betrusted announced its intention to merge with former competitor TruSecure Corporation and, in November, the resulting company was incorporated in Virginia under the name CyberTrust. Verizon Business

Verizon Business

Verizon Business is one of three operating units of Verizon Communications It was created in 2006 when Verizon Communications closed on its merger with MCI, Inc..Verizon Business has over 30,000 employees with 321 offices in 75 countries...

 then acquired Cybertrust in 2007, reuniting it with its former parent (Verizon was created by the merger of GTE

GTE

GTE Corporation, formerly General Telephone & Electronics Corporation was the largest independent telephone company in the United States during the days of the Bell System....

 and Bell Atlantic). Financial terms were not disclosed.
Cybertrust used its majority shareholding to perform a share dilution of the remaining Ubizen shares, forcing it to acquire the remaining shares and delist Ubizen in 2005.

Betrusted was originally created by PwC and sold to OneEquity Partners, a division of Bank1. OneEquity Partners also purchased 90East and SecureNet (who bought the PKI component of Baltimore and the gateway operations of iSecure).