Orangekloud to invest S$1M in Evvo Labs

Orangekloud (ORKT) Technology announced the signing of an Investment Agreement with Evvo Labs, an established Cybersecurity company in Singapore. Investment and Collaboration Highlights: Orangekloud to invest S$1,000,000 (approximately $761,000) for a 3.23% shareholding stake in Evvo Labs. The strategic collaboration will enable OrangeKloud to leverage Evvo Labs’ cybersecurity capabilities to elevate ORKT’s offerings of digital transformation solutions, benefitting the Company’s end-user enterprise customers. Orangekloud’s investment will contribute to Evvo Labs’ product enhancement and market expansion into Singapore and Vietnam. Orangekloud and Evvo Labs said they expect the strategic agreement to produce “positive synergies” enabling both parties to strengthen the competitive positions in their respective product markets, as well as facilitate the development of additional products and services.