Telus Corporation (TU) 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. (RCI) and BCE Inc. (BCE) - currently carries a Zacks Rank #2 (Buy). The company is expected to release fourth quarter 2012 financial results on Feb 8, 2013.
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 2012.
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Another foreign telecom company, which is about to release financial results in the upcoming days is France Telecom (FTE), which is expected to report its fourth quarter 2012 results on Feb 20.