| Security company (5) |  |
| Trustwave (7) | |
| Security company (5) | |
| Trustwave (7) | |
#Singapore Telecom to buy US cybersecurity firm for $810 mn Singapore Telecom (Singtel) said Wednesday it will buy almost all of US cybersecurity firm Trustwave for $810 million,
Southeast asia's biggest telecom firm by revenue said it will acquire a 98 percent equity interest in Trustwave under an agreement it signed with the Chicago-headquartered company.
Trustwave, a leading specialist in managed security services, is valued at $850 million, Singtel said in a statement.
Trustwave chairman and chief executive Robert J. Mccullen will hold the other two percent.""We aspire top be a global player in cybersecurity,
"Singtel said it"will leverage Trustwave's threat intelligence, technology and talent to meet the growing demand for always-on managed security services in North america and the Asia-Pacific region".
Trustwave will continue to operate as an independent business unit and strengthen is position in the United states and Europe.
The purchase will also enable Trustwave to use Singtel's vast presence in the Asia Pacific to"broaden its overall security portfolio
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