Secure Smart Nation Capabilities with D'Crypt
SINGAPORE, 15 December 2017 – StarHub Ltd today further augmented its enterprise solutions offering by entering into an agreement to acquire D’Crypt Pte Ltd for a maximum consideration of up to S$122,000,000. The proposed acquisition will enhance StarHub’s 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 Prize1 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. This has allowed the company 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.
Mr Tan Tong Hai, Chief Executive Officer of StarHub, said: “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&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. This is in line with our goal to continue delivering truly innovative solutions to enterprises and the government which will ultimately benefit consumers.” …
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