MC2 Security Fund, an Affiliate of Chertoff Group, Acquires Trustwave

Highlights:

• Although MC² and the Chertoff group intend to keep Trustwave operating independently, they will merge the company’s cybersecurity portfolio with its established ability to improve security outcomes and create value for the sector.
• MC² provides private equity funding to rapidly expanding security and risk management businesses that meet long-term, mission-critical security needs.

The Chertoff Group LLC affiliate, the MC² Security Fund, took over cybersecurity startup Trustwave Holdings Inc. for an undisclosed sum.

Established in 1995, Trustwave is owned by Singtel Holdings Ltd., a prominent telecommunications company in Singapore, after being acquired for USD 810 million in 2015. The company provides various cybersecurity services, such as managed detection and response, cyber advisory, managed security services, database security, penetration testing, and email security.

Additionally, the business employs a group of researchers who undertake threat intelligence and research under the SpiderLabs moniker. In an era where cyberattacks are unavoidable, the intelligence collected is integrated into Trustwave services and products to strengthen cyber resilience.

It can handle the demanding security requirements of multinational corporations due to the collaboration of SpiderLabs researchers and Trustwave’s Fusion Security Operations platform. According to the company, teams can make more informed decisions sooner to contain threats and safeguard their organizations since it is positioned to respond better and faster to a broader and more comprehensive variety of potential threats and attacks in clients’ environments.

Although MC² and the Chertoff group intend to keep Trustwave operating independently, they will merge the company’s cybersecurity portfolio with its established ability to improve security outcomes and create value for the sector.

Eric Harmon, Chief Executive Officer of Trustwave, said, “Alongside MC², The Chertoff Group and their tremendous expertise, we are positioned to further extend the global reach of our comprehensive offensive and defensive cybersecurity portfolio, providing organizations with unmatched protection and strategic guidance.”

The executive leadership team of The Chertoff Group launched the growth equity fund, The MC² Security Fund. MC² provides private equity funding to rapidly expanding security and risk management businesses that meet long-term, mission-critical security needs. Homeland security, cybersecurity, defense technology, and government services are among the industries in which the fund makes investments.