“It is a startup but with an access to capital and assets that are untypical of a startup,” Leap Chief Executive Officer Ron Totton said. “We are ambitious to scale” through organic growth and mergers and acquisitions, he said.
Leap has acquired a majority stake in Cloud Comrade, a Singapore-based cloud computing consultancy. The company recently added Mediacorp Pte, a media and entertainment company that’s also owned by Temasek, to its clientele.
Singapore said this week it will allocate a further $300 million to spur research in digital innovation, and plans to roll out artificial intelligence and cloud-based solutions to every business sector by 2020 among other initiatives.
