MC2 Security Fund, a growth equity fund and an affiliate of The Chertoff Group, completed its acquisition of managed security services provider Trustwave.
As a managed security service provider, Trustwave specializes in managed detection and response, cyber advisory, database security, and penetration testing.
The company offers comprehensive offensive and defensive cybersecurity services, and the deal would help expand its global reach.
Investment group MC2 makes private equity investments in high-growth companies in the security and risk management realm.
The Chertoff Group offers specialized advisory services to organizations, and this transaction would place Trustwave in front of Chertoff Group customers in the commercial and public sectors.
Trustwave released the Trustwave Managed SIEM In October 2023, which is available as part of its Managed Security Services for Microsoft Sentinel and Microsoft XDR security products.
The sale of Trustwave by Singapore-based telecommunications giant Singtel to MC2 Security Fund for $205 million was originally announced back in October.
Singtel acquired a 98% stake in Trustwave back in 2015 for $770 million but struggled to scale the company.
By selling, Singtel planned to refocus its business in Asia-Pacific.
This Cyber News was published on www.darkreading.com. Publication date: Tue, 09 Jan 2024 13:50:30 +0000