Singtel today signed an agreement to acquire a 98% equity interest in US-based Trustwave, a leading specialist in managed security services in a deal worth US$850 million. Trustwave Chairman and CEO, Robert J McCullen, will hold the balance 2% equity interest. The acquisition will expand Singtel’s existing portfolio of cloud based solutions and further entrench its leadership position in the managed services market. On the other hand, Trustave will leverage Singtel Group Enterprise’s assets and market presence to broaden its overall security portfolio and address the fast growing emerging security market opportunity in the Asia Pacific region.
Chicago-based TrusWave's security offering covers broad portfolio of services across three main areas – threat management, vulnerability management and compliance management, supported by a team of security experts in its forensic and its threat research security unit, SpiderLabs. Delivered through the unified cloud-based TrustKeeper platform, Trustwave’s services help customers from a wide range of industries protect their IT infrastructure, applications and networks and respond to cyber threats effectively.
Chua Sock Koong, Singtel Group CEO
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. Our extensive customer reach and strong suite of ICT services, together with Trustwave’s deep cyber security capabilities, will create a powerful combination and allow Singtel to capture global opportunities in the cyber security space.
Robert J. McCullen, Chaiman & CEO, TrustWave
We are excited to join Singtel and to leverage its global presence and resources to accelerate worldwide adoption of our security solutions. This strategic partnership creates an unparalleled opportunity to combine Singtel's robust information and communications solutions with Trustwave’s industry leading security technologies and managed services platform to deliver cutting edge solutions.
