Singtel completes Trustwave acquisition for $US40 million less

Pays $US770 million for 98 per cent stake in Trustwave

Singtel has completed the acquisition of managed security services specialist, Trustwave for $US770 million, taking a 98 per cent stake in the business.

The value of the deal dropped from $US810 million in April after working capital and other adjustments.

The Trustwave brand will remain and it will operate as a standalone unit within Singtel Group Enterprise.

The purchase aims to expand Singtel’s line-up of Cloud-based solutions and build on it goals of playing as a global managed security services provider.

The acquisition will see Singtel pick up more than three million business subscribers across 96 countries including 10,000 managed security services enterprise customers; and more than 1200 security-focused employees in 26 countries.

Trustwave has six Security Operation Centres (SOCs) - four in North America, one in Europe and one in Asia Pacific, which will be added Singtel’s SOC line-up in Singapore and a planned SOC in Australia.

Singtel Group enterprise CEO, Bill Chang, said it will leverage Trustwave’s strong North American market position and capabilities to offer security services to customers.

“This acquisition enables us to meet the increasing demand of enterprises for partner to secure their networks, mobility platforms, devices, IT, applications and databases,” Chang said.