[ISN] Singtel acquires Trustwave in $810M security services deal

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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