Temus Eyes Growth Via Buyouts, Aims Expansion into HK

SINGAPORE (November 03, 2023) – Digital transformation services company, Temus, announced its acquisition of Decision Science Agency (DS), a fully home-grown digital services provider focused on agile application development with based in Singapore, Vietnam and Malaysia. As part of the acquisition, DS founder Collin Ang joins Temus in the capacity of its managing director.

In a high-profile event that was graced by Senior Minister of State of the Ministry of Communication and Information and Ministry of National Development Tan Kiat How which was held today in Singapore, Temus announced their “Step IT Up” career conversion programme along with news of the acquisition of DS, underscoring its commitment to promoting talent development and capability building along with the growth of Singapore’s digital economy.

Temus also crosses the ocean with its first international expansion with the launch of its new office in Hong Kong.

KC Yeoh, chief executive officer, Temus, said: “We are excited to announce these milestones for Temus today as we gather to celebrate the continued success of Step IT Up. Temus was established with a clear vision to enable and deliver digital transformation for the public and private sectors. We look forward to creating even greater value with Decision Science Agency and as we expand our footprint beyond Singapore into Asia-Pacific through Hong Kong.”

Last year, Temus acquired Dreamcloud, a pioneer in the low-code space.

DS and Collin are an excellent fit with the Temus family,” said Srijay Ghosh, founding member and CRO, Temus. “Their deep knowledge and experience in agile app development will greatly enhance our ability to deliver high value applications for government and commercial sectors, in tandem with the growing needs of our region’s digital economy. Both our firms are driven by a connected purpose towards building a differentiated digital transformation platform, and investing in local talent to develop a strong Singapore core. By doubling down on our technology modernisation capabilities, we can catalyse our expansion into multi-platform offerings over the next few years to grow and transform with our clients and partners.”

Collin Ang, founder of DS, said: DS and I are excited to be a part of Temus. We are excited about amplifying the wonderful work Temus does through the combination of our skills and expertise. I am confident that together we can drive even greater value for our clients and unlock new opportunities in the market.

Temus has been successful in its growth since its inception in 2021, along with its acquisitions of Dreamcloud, and international expansion in Hong Kong. Over the course of its three successful Step IT Up cycles, the company has created more than 400 digital talent, most of whom reside in Singapore. In fact, Temus’ Step IT Up career conversion scheme has seen 38 individuals with no prior tech training or backgrounds secure full-time roles in software and digital application development upon graduating from the three-month programme. The company aims to hire, place and train 20 digital business analysts (Digital BAs) in this third run of Step IT Up.