AVM Cloud: Multi-cloud Environments the Way of the Future
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Srinivas Rao, Chief Strategy Officer of AVM Cloud Sdn Bhd, believes that the future of cloud computing lies in the use of multi-cloud architectures.
“Currently, businesses use the public cloud to scale their existing IT resources on demand, without committing to expanding their physical IT infrastructure, or for their storage needs. Using the public cloud can save businesses money through lower equipment purchase and maintenance costs,” said Srinivas.
“However, using the public cloud as part of a hybrid cloud architecture allows them to have the benefits of the public cloud, while also maintaining the different benefits that come with on-premises architecture and private cloud options,” he added.
KUALA LUMPUR (Jan 7): TIME dotCom Bhd has acquired a 60% stake in Malaysia’s leading private cloud computing provider AVM Cloud Sdn Bhd for RM58.7 million.
TIME said the acquisition marks the group’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 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 is a home-grown brand that was founded by five 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 said in a statement today.
Time dotCom completes acquisition of 60pc stake in AVM Cloud | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.