Wednesday, October 25, 2006

BT Snaps Up Counterpane Internet Security

Will Sturgeon writes on C|Net News:

Britain's BT Group has snapped up United States-based Counterpane Internet Security for a sum of more than $20 million as part of a continuing commitment to the security offering and overall growth of its Global Services business.

Counterpane provides managed network security services.

As part of the deal, Counterpane's founder, CTO and highly regarded security guru, Bruce Schneier, will join the BT payroll. Schneier will maintain his position as CTO within Counterpane, based in Mountain View, Calif.

More here.

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