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

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags securityMergers and acquisitionsbusiness issuessingteltrustwave

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?