Time dotCom has acquired a controlling stake in AVM Cloud Sdn. Bhd its its bid to expand into the cloud computing business. This acquisition will place Time in a strong position to cater for the growing demand regionally for cloud based solutions and services amidst the digitalisation agenda.
Cloud computing will be the telco’s newest pillar of its business, alongside fixed line services, global network connectivity and data centres. 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 leading VMware service providers in Southeast and North Asia.
Over the past decade, AVM Cloud has established themselves in the industry in competing with and complementing global cloud service providers. The company now serves over 250 enterprise customers. AVM’s extensive product suite ranges from private cloud offerings to system integration services via its wholly-owned subsidiary, Integrated Global Solutions Sdn. Bhd.
“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,” said Afzal Abdul Rahim, Commander-in-Chief of TIME.