January 9, 2024 at 08:57AM
MC2 Security Fund, affiliated with The Chertoff Group, acquired Trustwave, a managed security services provider specializing in cybersecurity services and managed detection and response. The deal aims to expand Trustwave’s global reach and align with MC2’s private equity investments in security and risk management companies. The sale by Singtel for $205 million was to refocus its business in Asia-Pacific.
The meeting notes indicate that MC2 Security Fund, affiliated with The Chertoff Group, acquired managed security services provider Trustwave, aiming to expand Trustwave’s global reach. Trustwave specializes in managed detection and response, cyber advisory, database security, and penetration testing, with a focus on the emerging MDR market. The acquisition would position Trustwave in front of Chertoff Group customers in commercial and public sectors. Trustwave also released the Trustwave Managed SIEM in October 2023, targeting enterprises in various verticals. Additionally, the sale of Trustwave by Singtel to MC2 Security Fund for $205 million was prompted by Singtel’s plan to refocus its business in Asia-Pacific.