Singapore's dominant telco and aspiring services player, Singtel, has acquired Trustwave for about US$810m.
Trustwave offers managed security services and the SpiderLabs ethical hacking research outfit, plus a range of network, content and endpoint security products. The company operates in 26 nations and has 1,200 people on the payroll.
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Singtel says Trustwave will operate as an independent business unit, with group CEO Chua Sock saying in her canned statement: “We aspire to be a global player in cyber security” and the Trustwave slurp will “create a powerful combination and allow Singtel to capture global opportunities in the cyber security space.”
Trustwave's CEO, chair and president Robert J. McCullen also thinks the deal is a jolly good idea, declaring in a letter to customers that “Singtel is the perfect partner for us.”
Fingers out of throats now, people, as we consider what this means.
Singtel's NCS arm is a vanilla enterprise services player, claiming expertise in the usual enterprise consulting and IT services disciplines and focussing on the public sector. Headcount is over 8,0000. Adding Trustwave gives NCS a nice new line of services, and takes it deeper in the European and US markets than it currently reaches. As such the company is buying itself not just a security practice, but also a springboard into markets beyond its current south-east Asian strongholds.
So look out, world. Singtel's just bought itself desks near you and, if you're one of Trustwave's thousands of customers, now has a way to introduce itself and its services to you. Enjoy those visits, and do tell us if the USB sticks they hand out have an interesting design. ®