Shah Alam, 7 January 2021 – TIME dotCom Berhad, an ASEAN-based telecommunications business, has acquired a controlling stake in AVM Cloud Sdn. Bhd., Malaysia’s leading private cloud computing provider. 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. With the inclusion of AVM Cloud in the TIME family, the Group now possesses a full spectrum of product offerings that can meet the needs of its enterprise customers across the region.
With almost two decades of experience, 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.
TIME is excited to have found an entrepreneurially spirited business that encompasses the best that Malaysia has to offer. 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.
“We are happy to have joined the TIME family as this has given AVM Cloud the opportunity to scale and grow and extend our products and services to the Group’s customer base. We also hope to capitalise on TIME’s regional footprint to grow a regional cloud business,” said David Chan, Chief Executive Officer of AVM Cloud.
TIME is a telecommunications provider that delivers domestic and global connectivity, data centre, cloud computing and managed services to customers across ASEAN. Powering TIME’s businesses are its fibre optic network assets that span Malaysia, Singapore, Thailand, Vietnam and Cambodia – countries in which it has an established operational presence. TIME’s network extends beyond the region to deliver international connectivity via its stakes in the UNITY, FASTER, Asia Pacific Gateway (APG) and Asia-Africa-Europe-1 (AAE-1) subsea cable systems. TIME is headquartered in Shah Alam. Visit http://www.time.com.my for more information.
AVM Cloud is a leading cloud computing services provider in Malaysia providing a variety of public and virtual private IT services with a specialisation in Infra-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Machine Learning and Advanced Analytics services. AVM Cloud’s wholly-owned subsidiary, Integrated Global Solutions Sdn. Bhd. provides system integration services such as solution design, deployment and multi-cloud migration services. Visit https://www.avmcloud.net for more information.
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