Singtel has revealed more clues about the future of it MSSP business unit, known as Trustwave. The latest anecdote calls for part of Trustwave's cybersecurity services business to tuck into Singtel's NCS business, the parent company disclosed in a statement.
The statement surfaces roughly two weeks after Singtel said it may sell off Trustwave while retaining some cybersecurity expertise from the MSSP business.
Singtel Places 5G and ICT Technology Bets
The bigger picture involves Singtel setting a "new strategic direction" to capture growth and unlock value, the company said on May 27, 2021. The strategy involves:
What Becomes Of Trustwave?
Singtel barely mentioned Trustwave in the strategic direction statement. Also, the statement did not mention Singtel's interest in Europe and North America. Trustwave's world headquarters are in Chicago, and EMEA (Europe, Middle East and Africa) headquarters are in London. The MSSP also has an Asia-Pacific headquarters in Singapore.
Read between the lines, and perhaps Singtel is striving to sell off those MSSP footprints in North America and Europe. Either way, Trustwave continues to invest in its business. Recent moves by the MSSP include hiring IBM and Secureworks veteran Spencer Ingram as senior VP of operations.
Spencer Ingram as its SVP of operations. Ingram is responsible for driving Trustwave’s strategy for customer experience and systems and processes that support its global business, according to a prepared statement.
Additional Trustwave executive appointments and updates include:
MSSP Mergers and Acquisitions: Strong Activity
Meanwhile, investor demand for MSSP businesses appears strong. Recent buyers and investors in the MSSP market include Accenture, private equity firm Apax Partners, Atos and Wipro, among many others.
