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Singtel's Trustwave divests payment card compliance business for $107.8 mil

Felicia Tan
Felicia Tan • 3 min read
Singtel's Trustwave divests payment card compliance business for $107.8 mil
The sale comes as part of Singtel’s strategic review of its digital businesses, which was announced in May.
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Singapore Telecommunications (Singtel), on Oct 25, announced that its cyber security arm Trustwave has divested SecureTrust for a cash consideration of US$80 million ($107.8 million).

SecureTrust is Trustwave’s payment card industry compliance business.

The business was divested to Sysnet Global Solutions, a provider of cyber security and compliance solutions.

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