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Novo Tellus eyes cloud megatrend with S$12m bet on Procurri

Procurri's Mr Murphy (at left) and Novo Tellus' Mr Loke. Procurri plays a vital role in the lifecycle of data centre hardware, at a time when companies' migration to the cloud is creating new opportunities, Novo Tellus believes.


THE owners of private equity firm Novo Tellus are set to become the largest shareholders of global data centre services firm Procurri, after inking deals last month to pick up a combined 29.6 per cent stake in the mainboard-listed firm at S$0.33 a share.

Procurri began as...

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