Temasek to shell out $72.3m to buy cybersecurity firm D'Crypt

Temasek to shell out $72.3m to buy cybersecurity firm D'Crypt

Signage for Temasek Holdings Pte is displayed in the lobby at the company's headquarters in Singapore. Photographer: Bryan van der Beek/Bloomberg

Singapore’s state investment firm Temasek Holdings is acquiring a 100 per cent stake in cybersecurity firm D’Crypt from local telco StarHub and D’Crypt’s founding shareholders for an initial aggregate cash consideration of S$100 million ($72.3 million).

According to a statement by StarHub, the telco will receive S$65 million for its 65 per cent stake in D’Crypt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter