KUALA LUMPUR: TIME dotCom is accelerating its cloud computing business with the acquisition of a 60% stake in AVM Cloud Sdn Bhd for RM58.7mil cash which will enable it to provide a full spectrum of product offerings for its enterprise customers across the region.
“This acquisition signals TIME’s efforts in accelerating the growth of cloud computing as the newest pillar of its business, alongside fixed line services, global network connectivity and data centres, ” it said in a statement.
The stake was acquired from the founders of AVM Cloud, which is a home-grown brand with almost two decades of experience and it is one of the leading VMware service providers in Southeast and North Asia.
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