ST Telemedia to acquire a majority stake in 2nd Watch.

ST Telemedia, a strategic investor focused on infrastructure technology, data centres, and communications and media businesses, agreed to acquire a majority stake in 2nd Watch, a leading cloud service provider based in Seattle. Financial terms were not disclosed. “ST Telemedia has extensive experience in helping companies accelerate their global scale and reach and successfully operate in multiple regions. We have been solidifying our capabilities across the cloud space and are excited to take a majority position in 2nd Watch. Combining our infrastructure technology portfolio with our position in data centres, STT has a unique presence in the global cloud IT ecosystem to ignite adjacent growth across our portfolio.” Stephen Miller, President and Group CEO of STT.