Novistra Capital advises Dreamcloud on its acquisition by Temus

Singapore, September 2022
Novistra Capital, a London and New York based boutique M&A advisory, is pleased to announce that Dreamcloud, an award-winning lowcode consulting firm, has been acquired by Temus.

Headquartered in Singapore, Dreamcloud is one of the leading Outsystems partners, having successfully delivered over 200 lowcode-based web and mobile applications to enterprises and governments across multiple domains.

Temus (majority owned by Temasek in partnership with UST) is a leading provider of end-to-end digital transformation solutions to public and private sector enterprises.

This transaction demonstrates continued interest in the lowcode space and its demand across industries and geographies.

Daniel Lim, Managing Director of Dreamcloud said: “Novistra played an invaluable role in bringing this deal to completion. Their experience in the technology sector put them in a great position to provide timely and sound advice throughout the process. They were professional, knowledgeable, and treated the deal like it was their own.”

Ash Mittel, Managing Director at Novistra Capital commented “We are delighted to have advised Dreamcloud on its sale to Temus. Both companies share tremendous commercial and cultural synergies and by joining hands they will create a powerful combination that will enable them to provide their customers with a more holistic view of their digital transformation roadmap, whist continuing to leverage their deep lowcode expertise. It has been a pleasure working with Daniel and the rest of the team and we wish them the very best for the future.