SingTel acquires TrustWave for managed security 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.