AT&T to Create Managed Cybersecurity Services Business

AT&T said it inked an agreement to create a standalone managed cybersecurity services business.

• Agreement includes a capital investment in that business from WillJam Ventures, a Chicago-based investor with cybersecurity industry experience, AT&T said in a blog post
• At close, the new cybersecurity joint venture will hold select security software solutions, associated managed security operations and security consulting resources
• AT&T will retain an ownership stake and board representation in the new entity
• The arrangement will enable AT&T to continue offering managed security services, while focusing on enhanced network-based security capabilities
• AT&T expects the transaction to close in the first quarter ...