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Trustwave has sold its legacy payment card industry compliance business to Sysnet Global Solutions for $80 million to double down on managed detection and response (MDR).

The Chicago-based cybersecurity company said divesting its longstanding SecureTrust and FLEX divisions will allow Trustwave to focus more on the high-growth managed security services (MSS) portfolio the company has built out over the past half-decade, said CEO Eric Harmon. Trustwave is part of Singapore telecom conglomerate Singtel, which initiated a strategic review of its digital businesses in May. more here

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