MAY 7, 2024

TELUS advances cyber protection for North American businesses with acquisition of Vumetric

TELUS enables organizations of all sizes to be cyber resilient, bolstering its suite of privacy, security and compliance offerings

Vancouver, B.C. – TELUS Corporation ("TELUS"), a world-leading communications technology leader, today announced the successful acquisition of Vumetric Cybersecurity ("Vumetric"), 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 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:

Securing the Network with solutions designed to secure their evolving network and security perimeter.
Securing the Cloud with robust security solutions for their data and applications, enabling organizations to confidently operate in the cloud.
Cyber Defence by partnering with organizations to proactively prepare, monitor, respond and protect their environment around the clock.
Advisory Services with expert guidance to navigate complex cybersecurity landscapes, ensuring organizations are equipped with the strategies and tools necessary for robust protection.

TELUS’ vision for cybersecurity however isn’t just limited to businesses; the company aims to empower all its customers to stay safe in a digital world.

TELUS Wise

is a free digital literacy education program that offers informative workshops and resources to help people of all ages have a positive experience as digital citizens. Now in its 10th year, the program launched a new Responsible AI workshop for youth developed in partnership with CIFAR/Destination AI. 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.

For more information visit

telus.com/Cybersecurity

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.

Operating in 32 countries around the world, TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and others.

TELUS Health is a global healthcare leader, which provides employee and family primary and preventive healthcare and wellbeing solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS’ strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering nearly 70 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.

Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute $1.7 billion, including 2.2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let’s make the future friendly.

For more information about TELUS, please visit

telus.com

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For more information, please contact:

Athyu Eleti

TELUS Public Relations

[email protected]