Singtel has agreed to acquire Trustwave, a U.S.-based provider of managed security services provider for approximately US$850 million.
Trustwave’s cloud-based TrustKeeper platform covers three main areas – threat management, vulnerability management and compliance management. Trustwave has an elite team of security experts in its forensic and threat research security unit, SpiderLabs. Trustwave provides its customers round-the-clock support in a dynamic cyber threat environment through its five security operation centres and nine engineering centres. The company claims over three million business subscribers. Trustwave is based in Chicago and has 1,200 employees in 26 countries.
Singtel said the acquisition will expand its existing portfolio of cloud based solutions and further entrench its leadership position in the managed services market. Singtel will leverage Trustwave’s threat intelligence, technology and talent to meet the growing demand for always-on managed security services in North America and the Asia Pacific region.
Chua Sock Koong, Singtel Group CEO, said: “We aspire to be a global player in cyber security. We have established a strong security business in the region, both organically and through strategic partnerships with global technology leaders.”
