Singapore-based Singtel, Southeast Asia’s largest telecommunications company, has entered a definitive agreement to acquire U.S.-based managed security services company Trustwave for $810 million.
Sanchit Vir Gogia, chief analyst and group CEO at Greyhound Research, believes that this deal will help Singtel to add credibility to its managed security services portfolio. “We believe that with this move, Singtel aims to capture the enterprise consumers and strengthen its footprint as an end-to-end IT services provider for the enterprises,” he says.
The acquisition also will enable Singtel to leverage Trustwave’s threat intelligence technology and talent to tap the demand for managed security services in North America as well as emerging markets, he adds.
Over the last fiscal year, Singtel has launched strategic partnerships with Akamai and FireEye to launch a cloud-based DDoS mitigation service for enterprises, and it has established security operations centers in Singapore and Australia. “Singtel has been solidifying its portfolio of cybersecurity offerings; the Trustwave acquisition validates this claim,” he says.
To read the Full Article, click here: Info Risk Today