M&A Deal Summary

Singapore Telecommunications Acquires Trustwave

On April 8, 2015, Singapore Telecommunications acquired software company Trustwave from Updata Partners for 810M USD

Acquisition Highlights
  • This is Singapore Telecommunications’ 1st transaction in the Software sector.
  • This is Singapore Telecommunications’ largest (disclosed) transaction.
  • This is Singapore Telecommunications’ 3rd transaction in the United States.
  • This is Singapore Telecommunications’ 1st transaction in Illinois.
Investment Fate
  • Trustwave was divested to a consortium of buyers in 2024.

M&A Deal Summary
Date 2015-04-08
Target Trustwave
Sector Software
Buyer(s) Singapore Telecommunications
Sellers(s) Updata Partners
Deal Type Add-on Acquisition
Deal Value 810M USD

Target

Trustwave

Chicago, Illinois, United States
website
Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Singapore Telecommunications

Singapore, Singapore

website

Category Company
Founded 1992
Sector Communications
Employees22,543
Revenue 15.3B SGD (2022)
DESCRIPTION

Singapore Telecommunications is a provider of international and local telephone services, mobile communication services, data communications services and postal services. Company provide a wide spectrum of multimedia and infocomms technology (ICT) solutions, including voice, data and video services over fixed and wireless platforms. Singapore Telecommunications was founded in 1992 and is based in Singapore.

DEAL STATS #
Overall 4 of 5
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-19 Pixable

New York, New York, United States

Pixable, Inc. provides a platform to see and share photos on internet.

Buy $27M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-24 Airtel Africa

Nairobi, Kenya

Airtel Africa is a telecom company that provides voice, data and mobile money services across 14 countries in Sub-Saharan Africa. The Company has operations in Chad, Democratic Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Republic of the Congo, Rwanda, Seychelles, Tanzania, Uganda and Zambia and has 100m+ subscribers across these countries. Airtel Africa was founded in 2010 and is based in Nairobi, Kenya.

Buy -

Seller(S) 1

SELLER

Updata Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1998
PE ASSETS 1.5B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Updata Partners is the investment affiliate of Updata Advisors, an East Coast US based investment bank. Updata Partners looks to invest in growth oriented information technology businesses from early-stage to buyout, with revenues up to $50 million. Updata Partners typically invests between $15 and $100 million as a lead or co-lead investor. Within information technology, Updata has specific interest in; infrastructure software, physical and digital security, storage software, educational software, internet and interactive technology, media and wireless infrastructure and services, financial technology software, retail technology, business intelligence, subscription-based and on-demand information services, and business services. Updata Partners was formed in 1998 and is based in Washington DC.

DEAL STATS #
Overall 27 of 44
Sector (Software) 15 of 20
Type (Add-on Acquisition) 20 of 31
State (Illinois) 2 of 2
Country (United States) 26 of 40
Year (2015) 2 of 3
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-05 First Insight

Warrendale, Pennsylvania, United States

First Insight is a provider of solutions that empower brands to incorporate the voice of the consumer into the design and merchandising of new products. First Insight solution gathers real-time consumer data and applies predictive analytic models to create actionable insights, which drive measurable value. Retailers, manufacturers, and brands use the First Insight solution to design, select, price and market the most profitable new products for improved sales, margins and inventory turnover. First Insight was founded in 2007 and is based in Warrendale, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-11 Acclaris

Tampa, Florida, United States

Acclaris provides the services and technology that health plans, benefit consultants and financial institutions rely on to deliver health care and reimbursement account.

Sell -
Mergr

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