ST Telemedia bags majority stake in India-based cloud firm

The firm had previously invested in two other cloud firms in 2018 and 2019.

Temasek-owned media investor ST Telemedia has acquired a majority stake in cloud service firm CloudCover for an undisclosed sum, according to a news release.

This comes after ST Telemedia’s majority-stake investments in Cloud Comrade in 2018 and Seattle-based cloud provider 2nd Watch in 2019.

The India-incorporated CloudCover harnesses cloud services with an automated-driven approach and provides advanced DevOps, data engineering and cloud-native consulting.

Photo courtesy of Pexels.com.
 

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