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<p>Singapore telecom firm <a href="http://dealstreetasia.com/tag/starhub" target="_blank" rel="noopener"><span style="color: #000080;"><strong>StarHub Ltd</strong></span></a> has further augmented its enterprise solutions offering through the acquisition of city-state-based D’Crypt Pte Ltd for a maximum consideration of up to S$122 million ($90.4 million). The acquisition will be paid in cash and funded using internal resources.</p></article>

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<p>Singapore telecom firm <a href="http://dealstreetasia.com/tag/starhub" target="_blank" rel="noopener"><span style="color: #000080;"><strong>StarHub Ltd</strong></span></a> has further augmented its enterprise solutions offering through the acquisition of city-state-based D’Crypt Pte Ltd for a maximum consideration of up to S$122 million ($90.4 million). The acquisition will be paid in cash and funded using internal resources.</p>
<p>The acquisition will be conducted in two phases; 65 per cent upon completion of Phase 1 and 35 per cent in Phase 2 by first half 2021. Following the completion of Phase 2, D’Crypt will be a wholly-owned subsidiary of StarHub. The first phase is expected to close by early 2018.</p>
<p>According to StarHub, the proposed acquisition will enhance StarHub’s solutions capabilities in cryptographic and digital security, secure info-communications technologies (ICT) and the Internet of Things (IOT).</p>
<p>StarHub conglomerate counts among its majority shareholders Asia Mobile Holdings, a subsidiary of Singapore Technologies Telemedia and Ooredoo and NTT Communications Corporation (NTT Com), a wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation (NTT).</p>
<p>StarHub subsidiaries include StarHub Mobile Pte Ltd, StarHub Cable Vision, StarHub Online Pte Ltd, StarHub Internet, Nucleus Connect and Accel Systems &amp; Technologies Pte Ltd.</p>
<p>Led by Dr Antony Ng, D’Crypt provides cryptographic technology for high-security applications, systems and products.</p>
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<p>Tan Tong Hai, CEO of StarHub, said, &#8220;The enterprise business is a key pillar of our growth strategy and this strategic investment will further expand the breadth and depth of our enterprise solutions. D’Crypt’s deep engineering and R&amp;D expertise will allow us to develop new intellectual property and products which meet our customers’ requirements as well as support Singapore’s Smart Nation initiatives.&#8221;</p>
<p>&#8220;This is in line with our goal to continue delivering truly innovative solutions to enterprises and the government which will ultimately benefit consumers,” he adds.</p>
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<p><strong>Also Read:</strong></p>
<p><strong><a href="https://www.dealstreetasia.com/stories/singapore-temasek-reduces-stake-in-telecoms-operator-starhub-86937/"><span style="color: #ff0000;">Singapore: Temasek trims stake in telecom operator StarHub</span></a></strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/dealbook-ocbc-starhub-invest-6m-economy-vinacapital-receives-64m-exit-83761/">SEA Dealbook: OCBC, StarHub to invest $4.4m in tech; VinaCapital earns $64m in exit proceeds</a></strong></span></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/starhub-to-acquire-accel-systems-77131/">Singapore: StarHub to acquire remaining 49% of Accel Systems for $18.9m</a></strong></span></p>
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<p><a href="https://www.dealstreetasia.com/stories/ooredoo-said-to-consider-sale-of-stake-in-singapores-starhub-48544/"><span style="color: #ff0000;"><strong>Qatari telecom carrier Ooredoo mulls stake sale in Singapore’s StarHub</strong></span></a></p>
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Telecoms operator StarHub has acquired digital security firm D’Crypt to augment its enterprise solutions in an S$122M deal.

Singapore telecom firm Starhub acquires D’Crypt in $90m deal

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Singapore telecom firm Starhub acquires D’Crypt in $90m deal

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