Gamuda Bhd is investing RM18 million to acquire a 20% stake in Cloud Space Sdn Bhd, enhancing its capabilities in digital solutions by partnering with Dagang Nexchange Bhd to offer sovereign cloud services in Malaysia.

Information on the Target

Cloud Space Sdn Bhd is a Malaysian startup that specializes in building, selling, and servicing a wide range of solutions utilizing Google Cloud technologies. As a premier partner of Google Cloud, the company offers various services including Google Workspace, Chrome Enterprise, and Google for Education, along with software-as-a-service (SaaS), artificial intelligence (AI), and cybersecurity solutions. This strategic focus positions Cloud Space to play a key role in meeting the increasing demand for advanced digital solutions in Malaysia.

The startup's capabilities extend beyond traditional cloud offerings, aiming to facilitate digital transformation across various sectors. By combining its technical expertise with innovative cloud solutions, Cloud Space is well-prepared to support both private and public sector clients in navigating the complexities of digital infrastructure.

Industry Overview in Malaysia

The digital solutions market in Malaysia is experiencing substantial growth, driven by increased internet penetration and the rising adoption of cloud technologies across various industries. As businesses pivot towards digital transformation, investments int