TIME dotCom, an ASEAN-based telecommunications business, announced the acquisition of a controlling stake in private cloud computing provider AVM Cloud.
A full spectrum of product offerings
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 centers. With this acquisition, TIME possesses a full spectrum of product offerings that can meet the needs of its enterprise customers across the region.
Afzal Abdul Rahim, Commander-in-Chief of TIME, said,
“TIME is excited to grow cloud computing as the next pillar of our business. We believe we’ve found the right partners in AVM, considering their comprehensive product suite and customer base. We warmly welcome them to the TIME family and look forward to establishing a regional cloud business with them across ASEAN.”
AVM Cloud is a home-grown brand that was founded by 5 Malaysian entrepreneurs and has grown from strength to strength to count themselves as one of the VMware service providers in Southeast and North Asia. AVM’s extensive product suite ranges from private cloud offerings to system integration services via its wholly-owned subsidiary, Integrated Global Solutions.