ST Telemedia bags majority stake in India-based cloud firm

Submitted By:  Staff Reporter Case Study:  No 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. read more