ST Telemedia Completes Majority Acquisition of Cloud Comrade
- Investment strengthens STT cloud-focused portfolio
- Broadens Cloud Comrade’s capabilities, solutions and market reach
- Positions both companies to capture growth in Asia’s digital transformation and cloud markets
SINGAPORE, 24 January 2019 – ST Telemedia (STT), a strategic investor focused on data centres, infrastructure technology, communications and media businesses, and Cloud Comrade, a Singapore-based cloud computing company with presence also in Indonesia and Malaysia, today announced the completion of STT’s acquisition of a majority stake in Cloud Comrade.
STT has been strengthening its digital and cloud capabilities across its portfolio to tap into growth in enterprise digital transformation. In the last few years, it has made significant investments in data centres and AI-driven, cloud-centric businesses focused on cybersecurity, big data, IT operations, customer digital experience, and managed cloud services.
A strategic and complementary fit
The investment into Cloud Comrade brings complementary capability and market reach to STT’s existing portfolio and is expected to enhance STT’s multi-cloud, managed service capabilities in Asia. With STT as a strategic 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.
Established in 2014, Cloud Comrade offers a comprehensive range of cloud IT services from strategy and design, to deployment/migration and management of customers’ IT infrastructure such as 24/7 monitoring, maintenance, back-up and recovery. Focusing on public cloud, the company works with multiple hyper-scale cloud service providers to implement cloud infrastructure for both public and commercial customers across all industries. In a short span of four years since inception, Cloud Comrade has clinched various accolades including AWS’ Innovation Partner for Asean and Asia Pacific in 2017, a testimony of the company’s capabilities.
“Asian governments and companies are embracing digital innovation and the cloud, driving demand for advanced AI and cloud implementation services that are customised for their needs. STT’s acquisition of Cloud Comrade underscores our confidence in the potential of Asia’s digital transformation market,” said Ronald Totton, STT’s Executive Vice President of Corporate Development. “This acquisition allows STT to deepen our participation in the growth of the cloud sector through its Asian customer focus and delivery capability that is widely endorsed by major cloud providers. We believe that the combination of our complementary capabilities will allow both companies to achieve mutual business success.”
Andy Waroma, Co-Managing Director of Cloud Comrade said, “ST Telemedia’s investment is a pivotal milestone for Cloud Comrade. We are very thrilled to have such a strategic investor onboard to support us in our next stage of growth. STT’s reputation, network and expertise will open up new business opportunities, partnerships and market segments that were previously closed to us. We are excited about fundamentally changing our game in the industry and look forward to accelerating our growth in Asia.”
Adding to Andy’s comments, Rick Koh, Co-Managing Director of Cloud Comrade remarked, “This investment by ST Telemedia will provide tremendous advantages that will greatly benefit our customers and employees. With access to broader resources of our strategic shareholder including operational support and their ever-growing portfolio of cutting edge emerging technology businesses, our team will be able to expand capabilities, solution offerings and market reach to respond swiftly to our customers’ evolving needs.”
About Cloud Comrade
Established in 2014 in Singapore, Cloud Comrade is a strategic partner to help customers unlock the potential of cloud computing to accelerate innovation and business growth. Cloud Comrade partners extensively with the leading cloud computing providers like Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure and Alibaba Cloud to offer customers the highest quality and innovative cloud advisory toolset to remove the complexity in their cloud journey. With a presence in Singapore, Malaysia and Indonesia, Cloud Comrade has built strong technical capabilities in providing consulting, deployment and managed services for all major cloud platforms in the market. Cloud Comrade's other unique strengths include SAP Cloud Migration/Deployment & Managed SAP Technical Basis, and Managed Workplace Solutions with GSuite & MO365.
Cloud Comrade has received various accolades and recognition by the major cloud computing providers, including:
- AWS Rising Star Partner for ASEAN (2016)
- AWS ASEAN Innovation Partner of the Year (2017)
- AWS APAC Innovation Partner of the Year (2017)
- Google Infra Specialization ASEAN (2018)
Cloud Comrade aims to be the leading Cloud Managed Services Provider (MSP) in Southeast Asia.For more information, please visit www.cloudcomrade.com.