StarHub agrees to buy D'Crypt for as much as $122 million
SINGAPORE, 15 December 2017 – StarHub has agreed to acquire a company that provides cryptographic technology for as much as S$122 million.
The acquisition of D’Crypt will enhance the telcos solutioning capabilities in areas such as cryptographic and digital security, secure info-communications technologies (ICT) and Internet of Things (IoT) – areas vital to Singapore’s vision of a robust, secure Smart Nation platform.
Led by Defence Technology Prize winner Dr Antony Ng, D’Crypt delivers leading edge cryptographic technology for high security applications, systems and products.
At the heart of the company is a world-class engineering team and a multidisciplinary research and development (R&D) lab with a strong track record of designing and producing innovative products which have been successfully commercialised, StarHub said in a statement on Dec 15.
This has allowed D’Crypt to establish market-leading strengths in encrypted communications, high performance computing, secure IoT, and vulnerability and threat analysis, with proven products implemented in sectors such as toll systems and wireless encrypted payment solutions, StarHub added.
“D’Crypt’s deep engineering and R&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,” said StarHub chief executive officer Tan Tong Hai…