Qishin Tariq · · 1 min readTemasek-backed firm makes first acquisition with Dreamcloud
Temus, a Temasek-backed digital transformation firm, has made its first acquisition with system integration startup Dreamcloud.
Photo credit: Temasek
The deal will help Temus further develop its platform through Dreamcloud’s tech capabilities.
Temus was established in April 2021 by Singapore state-owned investment firm Temasek and American digital services company UST. It provides consulting services to help organizations with their digital transformation strategies.
Meanwhile, Dreamcloud offers a low-code platform that enables software application development using a graphical interface.
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Since its establishment, the Temus team has expanded to around 200 staff. It aims to expand that by 5x over the next three years.
In line with this goal, the firm has rolled out a hire, place, and train program called Step IT Up x Temus, which aims to expand Singapore’s local digital talent pool.
Candidates will be offered full training sponsorships, financial stipends, and full-time jobs upon graduation from the program. It is seen to benefit 400 people by 2025.
Applications for the program’s first cohort closes on October 24.
Editing by Deepti Sri and Lorenzo Kyle Subido
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