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Singtel Closes $770 Million Trustwave Acquisition

Singapore Telecommunications (Singtel) has closed its $770 million acquisition of managed security service provider Trustwave.

Singtel, one of Asia’s top Tier 1 telcos, plans to provide a wealth of threat intelligence, collected from both its Asia Pacific network and Advanced Security Operations Center (ASOC), for TrustWave’s managed security services, which are available in 96 countries.

As Trustwave moves forward, it will remain a standalone business unit within Singtel and operate under the “Trustwave” brand. And though its ownership has changed, Trustwave CEO and president Robert McCullen announced plans for a global expansion services for the company, including increasing its number of global security operations centers (SOCs) from six to eight, including the Singapore SOC and one planned in Australia.

It also plans to form new partnerships with other major information security companies to deliver additional advanced, third-party services to customers, especially large enterprises.

“Joining Singtel gives us the ability to leverage its global presence and resources to accelerate worldwide adoption of Trustwave managed security services and technologies,” said McCullen. “By combining Singtel's robust information and communications technology solutions with Trustwave’s industry-leading security offerings, we can now provide even more cutting-edge services that enhance what we deliver to our valued customers and partners. With the backing of Singtel, we will continue to innovate, deliver and expand our global leadership in cyber security services and technologies.”

To support the post-acquisition push, Trustwave is also aggressively hiring, announcing more than 200 job openings worldwide in areas like SOC staff, security engineers, security analysts, Trustwave SpiderLabs security testers and researchers.

Bill Chang, Singtel Group Enterprise CEO, added, “Trustwave can leverage Singtel’s assets and extensive market presence to broaden its overall security portfolio and address the fast-growing security market opportunity, especially in the Asia Pacific region. Together, we are also strengthening our managed security services capabilities to meet the increasing demand of enterprises worldwide for a trusted partner to secure their networks, mobility platforms, devices, IT, applications and databases.”

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