SingTel closes US$770m Trustwave acquisition deal

The total deal price was trimmed by US$40m.

SingTel has completed its US$770m ($1.01b) acquisition of Trustwave, a US-based cyber security company.

The final aggregate consideration for the deal is lower by US$40m ($56.4m) compared to the original consideration of US$810m when the acquisition was first announced in April.

"Trustwave can leverage Singtel's assets and extensive market presence to broaden its overall security portfolio and address the fast-growing security market opportunity, especially in the Asia Pacific region,” said Bill Chang, Singtel Group Enterprise Chief Executive Officer.

With the acquisition finalized, Trustwave has added a number of cyber security assets and capabilities to Singtel including enterprise-grade managed security services for threat, vulnerability and compliance management, over 3 million business subscribers in 96 countrie, more than 1,200 employees located in 26 different countries, and six global Security Operations Centers in North America, Asia Pacific and Europe.

Trustwave, which remains headquartered in Chicago, is now a standalone business unit within Singtel Group Enterprise and will continue to operate under the Trustwave brand.