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Temasek unit ST Telemedia takes majority stake in cloud computing firm

January 24, 2019 / straitstimes

Temasek-owned ST Telemedia (STT) has acquired a majority stake in Singapore-based cloud computing firm, Cloud Comrade. STT is an investor specialising in communications, media and technology businesses. The latest injection of funds into Cloud Comrade is set to bring complementary capability and market reach to STT's existing portfolio, and enhance STT's multi-cloud, managed service capabilities in Asia, the companies said in a joint statement on Thursday (Jan 24). With STT as an investor, Cloud Comrade can leverage STT's expertise, resources, international network and growing portfolio of infrastructure software solutions to pursue market opportunities, accelerate customer expansion, and enhance customer offerings, the companies added.