Singapore Telecommunication Limited (Singtel) on April 8th 2015 announced the acquisition of Managed Security Service Provider (MSSP) Trustwave for $850miliion.
Image: company website
It has attained 98% equity interest in the US based company. Trustwave is looking forward to the acquisition so as to expand its portfolio of security services. Singleton is Asia’s topmost communication service provider. Its services include data and voice solutions over wireless, internet of fixed platforms, pay TV and Infocomm technology. Besides Asia, Singleton is also present in Africa and Australia.
Trustwave is the leading provider of payment card industry compliance management solutions and on demand data security. It claims to have 3 million business subscribers, in 96 countries, of its security solution that aids them in protecting their data and defending their business against cybercrime. Once the transaction is completed, Trustwave will be operating as Singtel’s standalone business unit. It can provide Singtel with more than 1200 employees having expertise in security domain, 5 security operation centers located in Manila, Chicago, Warsaw, Minneapolis and Denver and Trustkeeper, a cloud based portal that provides Trustwave’s compliance and security services globally. Also on stake are Trustwave’s intellectual property and security technologies with approximately 56 patents, either pending or granted and the treat research and ethical hacking team of Trust Wave. Singleton can make use of the threat intelligence, talent and technology of Trustwave to expand in North America and APAC region. Trustwave can leverage the market presence as well as the assets of Singleton to address the upcoming and growing security market opportunity in APAC region.