An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.thestar.com.my/Tech/Tech-News/2015/04/08/Singtel-buys-US-cyber-security-firm-for-$810-million/
Singapore Telecom buys US cyber security firm for US$810mil
CYBERSECURITY VENTURE: Singtel will broaden its overall security portfolio with this new venture. — Reuters
SINGAPORE: Singapore Telecommunications Ltd agreed to buy US-based cyber-security firm Trustwave for US$810mil (RM2.9bil) in a deal that will expand Southeast Asia's largest telecommunications operator's cloud-based services.
Trustwave will continue to operate as a stand-alone business unit, Singtel said.
"It will leverage Singtel Group Enterprise's assets and market presence to broaden its overall security portfolio and address the fast growing emerging security market opportunity in the Asia Pacific region," Singtel said in a statement.
Singtel will buy a 98% equity stake in the company, while Trustwave's chairman and chief executive officer, Robert McCullen, will hold 2%. — Reuters
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08-04-2015, 12:50 PM
Loong's husband squandered $810M of our $$CPF$$ on crap ccb
