) completed the acquisition of leading digital forensics
provider- Digital WYZDOM Inc. and Digital WYZDOM Forensics Inc.
None of the firms disclosed the financial terms of the deal.
Following the transaction, TELUS Security Solutions - that offers
clients a complete security portfolio - will gain access to
Digital WYZDOM's digital forensics service. Addition of this
business unit will enable Telus extend better and efficient
security solutions to customers.
TELUS Security Solutions' decision to take over Digital WYZDOM is
based on the latter's proficient manpower, advance technologies
and consistent efforts to serve customers on a priority basis for
their security and forensic requirements.
With security violations becoming a regular event, the demand for
stricter forensic and security services are expected to increase
in the near future. Telus management believes that the company -
equipped with top-notch solutions and an effective networking
link - is favorably placed to cater to a large number of
customers in determining the risks and eliminating them on time.
President of Digital WYZDOM - Daniel Tobok, who will assume the
position of director, TELUS Security Solutions - commented that
the integration of both the companies will work in favor of the
customers. The newly incorporated business unit will render
services including quick cyber-mishap respond, forensic analysis
and study, network security investigations as well as protection
of businesses from cyber-thefts.
Telus Corporation - which operates within the Canadian telecom
industry along with
Rogers Communications Inc.
) - currently carries a Zacks Rank #2 (Buy). The company is
expected to release fourth quarter 2012 financial results on Feb
The Zacks Consensus Estimates for the fourth quarter and 2012
earnings currently stand at 87 cents per share and $4.01 per
share, respectively. The estimates reflect a year-over-year
increase of 16.2% for the fourth quarter and 9.6% growth for
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