Menu
SingTel acquires TrustWave for managed security services

SingTel acquires TrustWave for managed security services

TrustWave will become a standalone business unit of SingTel and not curtail its services

SingTel will acquire TrustWave Holdings, the largest U.S. independent provider of managed security services, for $810 million, the companies said on Tuesday.

SingTel, a large operator based in Singapore, owns stakes in mobile companies in Indonesia, the Philippines, Thailand, Bangladesh, India, Sri Lanka and countries in Africa. In Australia, SingTel runs Optus, one of the country's major operators.

Chicago-based TrustWave specializes in managed security services, an increasingly popular option for businesses. They allow customers turn over to a third party their network security, vulnerability management and data breach responsibilities, so they don't have to develop those capabilities in house. As computer security has become increasingly complicated, managed security services are often are cheaper, and can allow companies to respond to security breaches faster.

Gartner expects the managed security services market to grow to $24 billion in the next three years, up from $14 billion last year, according to a report from last August.

TrustWave will operate as a standalone business unit, and its CEO and president, Robert McCullen, will remain in those roles. It will continue to run as its own brand and provide the same services, McCullen wrote in a letter to customers.

The company has 3 million business subscribers in 96 countries and runs five security operation centers, in Chicago, Denver, Minneapolis, Manila and Warsaw. It frequently publishes research from its SpiderLabs analyst team.

SingTel said the acquisition will enhance its cyber capabilities. It already partners with Akamai and in February launched security operation centers in Singapore and Sydney with FireEye.

The acquisition is expected to close in three to six month pending regulatory approvals.

Send news tips and comments to jeremy_kirk@idg.com. Follow me on Twitter: @jeremy_kirk


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags securityMergers and acquisitionsbusiness issuessingteltrustwave

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments