Singtel completes acquisition of Trustwave; Strengthens global managed security capabilities
Singapore, 1 September, 2015 – Singapore Telecommunications Limited (Singtel) today completed the acquisition of Trustwave, a leading specialist in managed security services. The acquisition will expand Singtel’s line-up of cloud-based solutions and build on its vision to be a global managed security services provider.
Mr Bill Chang, Chief Executive Officer, Singtel Group Enterprise, said, “Singtel will leverage Trustwave’s strong market position in North America and its deep capabilities to offer differentiated security solutions to our customers. With Trustwave as the core of our cyber security business, Singtel is well positioned to be a leading global Managed Security Services provider.
“This acquisition enables us to meet the increasing demand of enterprises worldwide for a trusted partner to secure their networks, mobility platforms, devices, IT, applications and databases.”
Mr Robert J. McCullen, Trustwave Chief Executive Officer and President, said, “Joining Singtel gives us the ability to leverage its global presence and resources to accelerate worldwide adoption of Trustwave managed security services and technologies.
“By combining Singtel's robust information and communications technology solutions with Trustwave’s industry-leading security offerings, we can provide 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.”
Headquartered in Chicago, Trustwave is one of the largest managed security services providers in North America with significant presence in the United States and Europe. It will maintain the Trustwave brand and operate as a standalone unit within Singtel Group Enterprise.
The acquisition enables Singtel to gain a number of Trustwave’s cyber security assets and capabilities including:
- Enterprise-grade managed security services for threat, vulnerability and compliance management delivered through the unified, cloud-based TrustKeeper® portal
- More than three million business subscribers (including 10,000 managed security services enterprise customers) in 96 countries
- More than 1,200 security-focused employees located in 26 different countries
- World-renowned Trustwave SpiderLabs® ethical hacking and threat research team
Trustwave also adds six more Security Operations Centre (SOCs) –- four in North America, one in Asia Pacific and one in Europe – to Singtel’s existing SOC in Singapore and planned SOC in Australia.
This increase in global managed security services capacity enhances Singtel’s ability to provide real-time, round-the-clock support for enterprise customers around the world.
The Growing Managed Security Services Market
The managed security services industry is expected to grow rapidly in the coming years due to the increasing frequency and complexity of cyber-attacks. The global managed security services is estimated to grow from US$15 billion in 2015 to US$27 billion in 2019, according to the latest 2015 Gartner Information Security Forecast report (1).
(1) Gartner: Forecast: Information Security, Worldwide, 2013-2019, 2Q15 Update. Published: 24 July 2015. Analysts: Ruggero Contu, Christian Canales, Sid Deshpande, Lawrence Pingree. ID: G00277266.