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.

Cloud migration consists of the specialised capabilities and technologies, undertaken by certified experts, to enable businesses to move to, and operate on, the cloud seamlessly.

International Data Corporation predicts that Southeast Asia’s cloud computing market will reach $40 billion by 2025.

“The debate on the need for cloud has ended after the experience of COVID-19,” said Cloud Kinetics group CEO Haji Munshi. “Whether businesses are developing and testing their new applications, scaling their online e-commerce offerings, or running their core business workloads, this is possible only because of the stable, scalable solutions offered by the public cloud.”

Founded in 2013, InfoFabrica Holdings has operations in Singapore, Indonesia, Vietnam and Malaysia. InfoFabrica is a certified cloud partner of Amazon Web Services, Google Cloud, and IBM Cloud.

“The complementary capabilities of InfoFabrica and Cloud Kinetics is key and part of our strategy to be an end-to-end cloud specialist and also simplify our clients’ cloud migration journey,” said InfoFabrica chairman Abu Bakar Mohd Nor.

Eight-year-old Cloud Kinetics Tech Pte Ltd has operations in Singapore, Thailand, India, and the US. Cloud Kinetics is a certified cloud partner of Microsoft Azure, Amazon Web Services, and Google Cloud.

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, digital infrastructure, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Miami Hong Kong, London, New Delhi, New York, and Singapore.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.