History
UST was founded by Stephen J. Ross in 1998 in Laguna Hills. [11] G.A. Menon joined UST Global in 1999 as Non-Executive Chairman.
In January 2004, UST acquired eBuilt Inc. [12]
In March 2012, Andare, a mobile applications company, was acquired by UST. [13]
In January 2014, UST acquired Testhouse Consultores S.A., the Spanish arm of UK-based Testhouse Limited. [14] [15] In May 2014, UST acquired Kanchi Technologies, a Milwaukee-based engineering company, and Xpanxion, a technology firm. [16] [17] Xpanxion provides cloud-based business application development, mobile application development, software testing services, and technology and business consulting. [18] In July 2014, UST invested in xTV, an online TV platform, and acquired Renaissance Solutions, a Singapore-based recruitment specialist. [19] [20]
In April 2015, UST acquired FogPanel to boost cloud infrastructure management. [21]
In September 2017, UST invested in MyDoc, a Singapore-based digital healthcare firm, to drive population-wide digital health programs, including disease management and health data tracking. [22]
In January 2018, Cyberproof, a cybersecurity company of UST, acquired Bisec, an Israeli startup that created a platform to help security teams collaborate. [23] The following month, UST acquired American technology startup and Gartner Cool Vendor, Pneuron in an effort to improve its data analytics services. [24] [25] In June 2018, Temasek, Singapore’s sovereign wealth fund, invested US$ 250 million in UST, giving UST a US$ 1 billion-plus valuation. [26] [27] In September 2018, UST acquired SeviTech Systems, a chip design services firm based in Bengaluru. [28]
In October 2019, UST acquired SCM Accelerators to help grow its SAP business. [29] In November 2019, UST acquired Contineo Health, a healthcare technology consulting firm that specializes in electronic health records (EHR), ComplyUSA, a compliance assessment and privacy automation platform, and AI startup, Cogniphi Technologies. [30] [31]
In June 2020, UST invested €1.3 million in Ksubaka, a UK-based startup. The portfolio includes gamified tools to engage and keep customers safe post-covid. [32] [33] The following month, UST invested in Smart Software Testing Solutions, a software testing and product company, that utilizes SaaS platforms pCloudy and OpKey. [34] In August 2020, UST invested in Tastry, an AI company that studies how human senses interpret product chemistry. [35]
In July 2022, UST invested in Well-Beat, an Israeli company focused on patient-centred behavioural artificial intelligence (AI). [36] In October 2022, UST HealthProof, a UST company, acquired Advantasure. [37]
