Temus, a Temasek-backed Singaporean digital transformation firm, announced Thursday the completion of its first acquisition, Dreamcloud, a home-grown Singapore-headquartered system integrator.

Temus said in a statement that the integration of Dreamcloud’s capabilities will strengthen Temus’ app development practice and complement its tech modernisation capabilities, to help customers develop, deploy, and scale digital solutions with speed.

“Organisations of every size and industry are transforming how they do business in the digital age –– speed, agility, and simplicity are at the heart of successful transformations,

“As Temus grows, we will unlock even greater value for our customers by catalysing digital transformation holistically, for economic and societal impact,” said KC Yeoh, Chief Executive Officer, Temus.

Founded in 2011, Dreamcloud was one of the pioneers in the low-code space. They became the first partner of OutSystems in Southeast Asia in 2014, and today has one of Singapore’s largest OutSystems delivery teams.

“We are excited about this milestone because there is strong alignment between both organisations in terms of culture and purpose. Dreamcloud’s low-code, high speed app development capabilities synergises with Temus’ strategy to build a strong app development practice, and this will allow us to take a broader view of our customers’ digital transformation initiatives and provide more holistic solutions,” said Daniel Lim, Managing Director, Dreamcloud.

“Having the full support of Temus gives us the capability to deepen engagements with our global network of over 30 customers, and continue to offer them with cutting edge digital transformation solutions,” he added.

Temus was established in April 2021 by Temasek, in partnership with global digital services company UST, to accelerate the digital transformation of leading enterprises and public sector agencies in Singapore and beyond.

Today, the firm counts some of the country’s most future-forward government agencies and large enterprises as its customers.

They span a range of industries including financial services and insurance, healthcare, education, consumer goods, telecommunications, infrastructure, energy and waste management, among others.

To serve the digital aspirations of its growing base of customers, Temus’ workforce has expanded to around 200 professionals in under 18 months, and is expected to grow by five-fold over the next three years.

The company has attracted a strong bench of experienced talents in strategy, design, architecture, technology, data and artificial intelligence.

“Temus’ growth momentum is a testament to our unique proposition of forging long-term partnerships with our customers while keeping ‘value creation’ at the heart of helping to shape their digital futures,” said Yeoh.

“We will build on this promising start to accelerate the growth of Singapore’s digital talent pool and build distinct digital capabilities for our customers – in tandem with the country’s Smart Nation aspirations,” he added.

Temus Founding Member and Chief Revenue Officer Srijay Ghosh said Temus was born into a generation-defining crisis, at a time when organisations accelerated their investments in digital to thrive.

“Experts predict that by the end of this year, more than half the global economy will be powered by digital. Imagine what these digital transformations can do to uplift lives, raise productivity, and grow the economy,

“Temus was founded for these reasons and more. We remain committed to unlocking economic and societal value through holistic transformation,” he added.

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