UST Global has entered into definitive agreement with Temasek, a global investment company headquartered in Singapore to invest $250 million to acquire a minority stake in the company.
The investment marks a milestone for UST Global, whose technologies and solutions have helped drive rapid digital progression for its clients, as it welcomes Temasek as its first institutional investor.
Founded in 1999, UST Global offers digital technology solutions to Fortune 500 companies across various geographies. The company caters to technology and innovation requirements of multinational corporations providing end-to-end solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions.
UST Global has built a range of platform solutions across healthcare, cybersecurity, talent management and automated operations.
Sajan Pillai, CEO, UST Global said, “As the physical and the digital worlds converge, the current leaders of the physical world seek to adjust to the new digital realities and to new emerging competition. UST is perfectly positioned to provide this digital bridge. The partnership with Temasek will allow us to further our reach so that we can partner our clients in designing their digital impact strategies.”
Juan Pujadas, member of the board of directors of UST and former Global Leader of Advisory Services for PwC said, “UST’s unique ‘design for happiness framework’ combines an astute understanding of human behavior with cutting edge technology solutions, dramatically changing the way clients approach the digital world. The partnership with Temasek will further increase UST’s global reach and access to a range of exciting market opportunities.”