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TELUS Announcees Acquisition of Vumetric to Advance Its Cyber Protection Services for North American Businesses
Wednesday, May 8, 2024Company Profile | Follow Company
TELUS Announcees Acquisition of cybersecurity provider Vumetric to advance its cyber protection services for North American businesses
TELUS enables organizations of all sizes to be cyber resilient, bolstering its suite of privacy, security and compliance offerings
Burnaby, BC, May 8, 2024--(T-Net)--TELUS Corporation, a leading communications technology leader, today announced the acquisition of Vumetric Cybersecurity, a leading cybersecurity provider specializing in advanced penetration testing designed to identify cyber vulnerabilities and threats to companies across Canada and North America.
With an escalating number of cyber threats and the global cost of data breaches now averaging $4.45 million USD, a 15% increase over the last three years, it's more important than ever that businesses are equipped with technology to defend themselves.
Business risks posed due to poor security management include loss of data integrity, data loss, service availability and increased risk of non-compliance, leading to overall brand and reputational damage.
TELUS said in a release that it is enhancing its security services portfolio, which includes Advisory Services, Cloud Security, Network Security, and Cyber Defence, through the integration of Vumetric's specialized digital platform.
Fully integrated with major cloud platforms, Vumetric's platform delivers a cutting-edge, client-centric approach to cybersecurity testing. This solution simplifies penetration testing complexities and enables businesses to proactively strengthen their cybersecurity with efficient, on-demand testing, addressing today's dynamic cyber threats.
"Canadian businesses are looking for comprehensive visibility into the security of their infrastructure and a more robust security posture, and we can provide them peace of mind knowing their business is protected 24/7," said Heather Tulk, President, Commercial and Public Sector, TELUS Business. "Vumetric's expertise in pinpointing security weaknesses is a valuable addition to our extensive range of advisory, management, and security services and solutions."
"Joining forces with TELUS is a milestone for Vumetric," said Patrick Chevalier, President and CEO of Vumetric. "Our advanced cybersecurity testing solutions, combined with TELUS' comprehensive portfolio of cybersecurity services and decades of expertise, create a formidable team dedicated to securing digital infrastructure across industries."
Designed to strengthen the security posture of organizations and help them be resilient against both current and emerging cyber threats, the various services offered by TELUS include:
TELUS' vision for cybersecurity however isn't just limited to businesses; the company says it aims to enable all its customers to stay safe in a digital world.
TELUS also offers a robust suite of Online Security solutions for consumers, with multi-layered protection against cyber threats featuring device security, dark web monitoring and a secure VPN. The solutions also include proactive threat detection and identity theft recovery services, ensuring comprehensive safety and peace of mind online.
With more than two decades of experience and a comprehensive portfolio of security solutions, this acquisition of Vumetric further enhances TELUS' ongoing efforts to provide the very best in security to its customers, according to the company.
About TELUS
TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $20 billion in annual revenue and over 19 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security.
Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty.
The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS' global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.
Forward-looking Statements: These statements are made pursuant to the "safe harbour" provisions of applicable securities laws in Canada and the United States Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements are subject to inherent risks and uncertainties and are based on assumptions, including assumptions about future economic conditions and courses of action. These assumptions may ultimately prove to have been inaccurate and, as a result, our actual results or events may differ materially from our expectations expressed in or implied by the forward-looking statements. |
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