FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propelยฎ
  • Global Partner Networkยฎ
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal

Search

FTV News

Singtel to Acquire Trustwave to Bolster Global Cyber Security Capabilities

April 7, 2015
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • Email

CHICAGO, IL.ย โ€” Trustwaveยฎ today announced that Singapore Telecommunications Limited (Singtel), Asiaโ€™s leading communications company, has entered into a definitive agreement to acquire Trustwave Holdings, Inc., a privately held information security company headquartered in Chicago. The acquisition strengthens Singtelโ€™s information security capabilities and bolsters Trustwaveโ€™s ability to expand its leadership inย managed security servicesย globally.

Trustwave Chairman, Chief Executive Officer and President Robert J. McCullen said: โ€œWe are excited to join Singtel and to leverage its global presence and resources to accelerate worldwide adoption of our security solutions. This strategic partnership creates an unparalleled opportunity to combine Singtelโ€™s robust information and communications solutions with Trustwaveโ€™s industry-leading security technologies and managed services platform to deliver cutting-edge solutions that will enhance our customer experience. Singtel is the perfect partner for us as we continue to help businesses fight cybercrime, protect data and reduce security risk, and the Trustwave team is thrilled to become a part of such a prestigious and innovative organization.โ€

Following the close of the acquisition, Singtel plans to combine its state-of-the-art information and communications technology (ICT) with Trustwaveโ€™s broad portfolio of managed security services. The acquisition will help expand Singtelโ€™s existing line-up of cloud-based solutions to encompass security services, to create an end-to-end ICT offering to business customersโ€“bolstering Singtelโ€™s leadership position in the managed services market.

Trustwave adds a number of cyber security assets and capabilities to Singtel including:

  • More than three million business subscribers in 96 countries
  • More than 1,200 security-focused employees located in 26 different countries
  • Five globalย security operations centersย (SOCs) located in Chicago, Denver, Minneapolis, Manila and Warsaw
  • The world-renownedย Trustwave SpiderLabsยฎย ethical hacking and threat research team
  • A broad portfolio of security technologies and intellectual property with more than 56 patents either granted or pending
  • The unified, cloud-basedย TrustKeeperยฎย portal which is used to deliver Trustwave security and compliance services globally.

Chua Sock Koong, Singtel Group CEO, said: โ€œWe aspire to be a global player in cyber security. We have established a strong security business in the region, both organically and through strategic partnerships with global technology leaders. Our extensive customer reach and strong suite of ICT services, together with Trustwaveโ€™s deep cyber security capabilities, will create a powerful combination and allow Singtel to capture global opportunities in the cyber security space.โ€

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 industry is estimated to reach approximately US$24 billion in 2018, up almost 75 percent from approximately US$14 billion in 2014, according to the 2014 Gartner Information Security Forecast report.i

Trustwave has expanded its leadership in managed security services over the years, and was recently recognized by the industryโ€™s top industry analyst firms and media outlets. In December, IDC namedย Trustwave a โ€œcompany to watchโ€ย in its profile of the company.iiForrester Research also named Trustwave a leader inย โ€œThe Forrester WaveTM: Managed Security Services: North America, Q4 2014,โ€ย published in November.iiiย SC Magazine also recently named Trustwave a finalist for best managed security service in both their upcoming U.S. and European awards programs.

Post-acquisition, Trustwave will operate as a standalone business unit of Singtel. It will also strengthen its position in North America and Europe, while working closely with Singtel to broaden its overall security portfolio and to address the fast-growing emerging security market opportunity in the Asia Pacific region. Trustwave will continue to be headquartered in Chicago, and the current Trustwave management team will drive the operations and growth of the business.

Trustwave received an early investment from FTV Capital, led by Richard Garman, Managing Partner and angel investor Dick Kiphart who is a Partner and Senior Advisor at William Blair & Company.

The acquisition is subject to regulatory approvals and other customary closing conditions.

About Singtel

Singtel is Asiaโ€™s leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms as well as infocomm technology and pay TV. The Group has presence in Asia, Australia and Africa with over 500 million mobile customers in 25 countries, including Bangladesh, India, Indonesia, the Philippines and Thailand. It also has a vast network of offices throughout Asia Pacific, Europe and the United States. More information can be found atย www.singtel.com.

About Trustwave

Trustwave helps businesses fight cybercrime, protect data and reduce security risk. With cloud and managed security services, integrated technologies and a team of security experts, ethical hackers and researchers, Trustwave enables businesses to transform the way they manage their information security and compliance programs. More than three million businesses are enrolled in the Trustwave TrustKeeperยฎ cloud platform, through which Trustwave delivers automated, efficient and cost-effective threat, vulnerability and compliance management. Trustwave is headquartered in Chicago, with customers in 96 countries. For more information about Trustwave, visitย www.trustwave.com.

iย Source: Gartner. Forecast: Information Security, Worldwide, 2012-2018, 2Q14 Update. Published: Aug. 2014. Analysts: Ruggero Contu, Christian Canales, Lawrence Pingree. ID: G00264279.

iiย Source: IDC. Trustwave Private Vendor Watchlist Profile: Pure-Play Security Services. Published: Dec. 2014. Analysts: Christina Richmond, Petra Kacer. ID: 252959.

iiiย The Forrester WaveTM: Managed Security Services: North America, Q4 2014. The Forrester Wave is copyrighted by Forrester Research, Inc. Forrester and Forrester Wave are trademarks of Forrester Research, Inc. The Forrester Wave is a graphical representation of Forresterโ€™s call on a market and is plotted using a detailed spreadsheet with exposed scores, weightings, and comments. Forrester does not endorse any vendor, product, or service depicted in the Forrester Wave. Information is based on best available resources. Opinions reflect judgment at the time and are subject to change.

Contacts

Karen Derr Gilbert
FTV CAPITAL
(415) 229-3044
kgilbert@ftvcapital.com

Keep Up-To-Date on the Latest FTV News

  • To unsubscribe from FTV Capital communications click here.
  • This field is for validation purposes and should be left unchanged.

NEW YORK

535 Madison Avenue, Floor 33
New York, NY 10022

212.682.4800


LONDON

15 Stratton Street
London, UK W1J 8LQ

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

CONTACT

  • LinkedIn
Investor Portal

© 2025 FTV Management Company, L.P.
All rights reserved.

  • Terms of Use
  • Privacy Policy
  • Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

General Inquiries

This field is for validation purposes and should be left unchanged.