Singtel acquires Trustwave in $810M security services deal

[InfoSec News <alerts () infosecnews org>]

http://www.zdnet.com/article/singtel-acquires-trustwave-in-810m-security-services-deal/

By Eileen Yu
By The Way
ZDNet News
April 8, 2015

Singtel has inked a deal to acquire a 98 percent equity interest in 
Trustwave for an estimated US$810 million, as the Singapore carrier looks 
to beef up its cloud and managed services portfolio.

Headquartered in Chicago, U.S.A, Trustwave offers hosted services in 
threat, vulnerability, and compliance management, and has more than three 
million business subscribers. It has presence in 26 countries across North 
America, Europe, and the Asia-Pacific region, with a global headcount of 
1,200 that includes security professionals in its forensic and threat 
research security unit, SpiderLabs. It operates five security operation 
centers and nine engineering centers.

Trustwave Chairman and CEO Robert J. McCullen will retain the remaining 2 
percent stake in the company.

According to Singtel, Trustwave will continue to operate independently as 
a separate business unit after the acquisition has been finalized, but 
will tap the telco's assets and market presence to expand its portfolio 
and address market opportunities in the Asia-Pacific region.

[...]



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