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Singtel snaps up stake in US cyber security firm
It acquires 98% holding in Trustwave for US$810m; deal expected to close in 3-6 months
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Nisha Ramchandani
Published Wed, Apr 8, 2015 · 09:50 PM
Singapore
IN line with its ambitions to be a global player in the cyber security market, Singtel is acquiring a 98 per cent stake in US-based Trustwave for US$810 million in its biggest acquisition outside the telecoms segment so far.
Trustwave chairman and chief executive Robert McCullen holds the remaining 2 per cent stake in Trustwave, which has an enterprise value of US$850 million.
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