I Squared Capital acquires, merges two Singapore-based cloud services firms

Miami-headquartered infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired and merged Infofabrica Holdings and Cloud Kinetics Tech, two cloud migration services companies based in Singapore.

The combined businesses are poised to become a leading cloud migration and managed services provider in Southeast Asia and India, providing capability across all major public cloud operators, according to a statement on Tuesday on Cloud Kinetics’ website.

“The future of data and computing will be driven by the corporate adoption of hybrid cloud solutions through an orchestrated mix of on-premises infrastructure, co-location and cloud services. Offering seamless and efficient migration to the hybrid cloud relieves a critical bottleneck to cloud adoption, especially in the Asia-Pacific region,” said I Squared Capital managing partner Gautam Bhandaril. “With these acquisitions, our global investments and commitments to the digital infrastructure sector are over $2.6 billion and growing.”

These investments are also a part of a new Asian Digital Infrastructure platform and will enable I Squared Capital’s Digital Infrastructure companies to offer comprehensive cloud-based solutions to their customers.

The cloud platform will have a growing pool of over 300 professionals with deep experience in cloud infrastructure, data, analytics, application modernisation and cloud management and possess a broad range of cloud certifications.

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