Security Market Segment LS
Thursday, 11 October 2018 06:16

Singtel subsidiary buys Australian cyber security firm Hivint

Singtel subsidiary buys Australian cyber security firm Hivint Pixabay

Cyber security consulting company Hivint has been acquired by Optus Cyber Security, a subsidiary of Singapore telco Singtel.

In a statement on Wednesday, Singtel said the capabilities that Hivint had would add to those which its Trustwave security outfit already had. Trustwave is the global security arm of both Singtel and Optus.

The statement said that Hivint, which was founded in 2015, provided technical, governance, risk and compliance services, principally in Australia. No indication was given of how much Singtel paid for Hivint which is a private company.

Hivint had a software-as-a-service platform that allowed subscribers to access a library containing information security management systems, policies, standards, and templates derived its consulting engagements with hundreds of enterprises across the country, the statement added.

“This acquisition is timely as an overwhelming 85% of over 200 Australian enterprises we surveyed cited cyber and information security as having the highest disruptive impact on their industries in the next three years,” John Paitaridis, Optus Business managing director, said.

“Hivint’s reputation for providing high-quality advisory services to businesses facing the challenges of increased cyber security threats and digitalisation will strengthen Optus’ position as one of Australia’s leading cyber security service providers and trusted adviser to both government and enterprise customers.”

“We are pleased to add Hivint’s capabilities, high-level expertise and community-driven approach to cyber security into Trustwave consulting services,” Arthur Wong, chief executive of Global Cyber Security at Singtel and chief executive of Trustwave.

“Protecting businesses from data breaches, disruption of operations and loss of IP and economic assets has become a key objective for C-Suite and Board level executives. Additionally, Australia’s business leaders already leveraging Hivint as a preferred security adviser now have direct access to the complete Trustwave portfolio of security solutions, managed security services and advanced education programs - a powerful combination.”

Hivint co-founder Nick Ellsmore said: “We are very excited and looking forward to this journey ahead. Singtel is building a truly global cyber-security business under the Trustwave brand. It’s a genuinely compelling vision and a great opportunity for the Hivint team on many levels.”

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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