The Wall Street Journal: SingTel to buy U.S. cybersecurity firm Trustwave for $810 million
SINGAPORE—Singapore Telecommunications Ltd. SGAPY, -0.61% Wednesday said it would buy Trustwave, a U.S. managed-security services specialist, in a deal valued at $ 810 million as it seeks to expand.
SingTel, Southeast Asia’s biggest telecommunications firm by revenue, will buy 98% of the equity of Trustwave, while the balance will remain with Robert J. McCullen, the chairman and chief executive of the Chicago firm.
Trustwave is the largest independent managed security services provider in North America, with a presence in Europe and Asia Pacific, SingTel said in a statement to Singapore Exchange. Its services include threat management, vulnerability management and compliance management.
“We aspire to be a global player in cybersecurity. We have established a strong security business in the region, both organically and through strategic partnerships with global technology leaders,” said Chua Sock Koong, SingTel’s Group chief executive.
Read an expanded version of this article at WSJ.com.