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Temasek acquires minority stake in UST Global

June 27, 2018

Singapore-based Temasek has acquired a minority stake in UST Global and is the first institutional investor of the digital technology solutions provider. This investment has strengthened the market position of UST Global.

Founded in 1999, UST Global provides solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions.

Avendus Capital and DBS Bank were the financial advisors on this transaction.

Sajan Pillai, CEO, UST Global, said, “As the physical and the digital worlds converge, the current leaders of the physical world seek to adjust to the new digital realities and to new emerging competition. UST is perfectly positioned to provide this digital bridge. The partnership with Temasek will allow us to further our reach so that we can partner our clients in designing their digital impact strategies.”

 

 

 
 

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