Temasek-Backed SeaTown and Lim Form Enterprise Tech Services Firm Skyform

Singapore-based alternative investment firm SeaTown Holdings International, backed by state investor Temasek, has partnered with tech investor and entrepreneur Lim Yuan En to establish Skyform, an enterprise technology services company. The collaboration, announced on November 27, 2024, aims to acquire and scale up tech services firms in the Asia Pacific region.

Skyform's strategic focus aligns with SeaTown's investment strategy, targeting industries with attractive financial profiles and resilient growth. With a combined capital commitment of up to S$100 million ($74 million) from SeaTown and Lim, Skyform is poised to capitalize on the region's burgeoning tech demand and intensifying competition.



Lim, who co-led Southeast Asia direct buyouts at Partners Group, brings valuable industry insight and deal-making capabilities to Skyform. His expertise, coupled with SeaTown's strategic direction and Temasek's financial backing, enables Skyform to pursue a growth strategy that maximizes shareholder value.

As tech services firms in Asia Pacific continue to grow, Skyform's acquisitive approach offers a faster path to market penetration and potentially higher returns. By targeting specific industry verticals, such as financial services, healthcare, retail, and telecommunications, Skyform can tap into the region's thriving tech market.



According to Gartner's top strategic technology trends for 2024, AI and machine learning, cloud services, sustainable technology, industry cloud platforms, and cybersecurity are key themes driving growth in the tech services market. Skyform can leverage these trends to provide tailored, value-added services to its clients, helping them optimize operations and achieve digital transformation goals.

In conclusion, Skyform's formation marks an exciting development in the Asia Pacific tech services market. With its strategic focus, experienced leadership, and strong financial backing, Skyform is well-positioned to capitalize on growth opportunities and contribute to the region's tech boom. Investors should watch Skyform's progress closely as it aims to scale up enterprise tech services companies and drive innovation in the sector.