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Asticom Eyes Strategic Partnerships, JVs, Acquisitions to Expand Business

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The Asticom Group of Companies, a wholly-owned subsidiary of the Globe Group, is looking at entering into strategic partnerships, joint ventures, and acquisitions to grow and expand its portfolio of businesses.

 

Mharicar Castillo-Reyes, Asticom President and CEO, said they are currently in talks with several parties but emphasized that they are not interested in simply having a partner investor.

 

“A number of private equities have approached us in the past three months and have raised interest. We’re making sure that we find the right strategic partners that will help us grow the business and add value to the solutions we offer to address the needs of our customers,” she said.

 

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In addition, Marc Kerveillant, General Manager of Asticom’s subsidiary Fiber Infrastructure and Network Services Inc. (FINSI), said they are open to joint ventures and acquisitions.

 

“We’re in discussion with several companies for joint ventures. Our main goal is to increase our capabilities, grow the business, and eventually, create a connected nation,” said Kerveillant.

 

FINSI is a local solutions provider for the telecom and technology industries, providing engineering and enablement services.

 

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He explained that FINSI relies on people and teams to deploy fiber and have a nationwide presence.  Being an engineering company, they need to collaborate, enter into joint ventures, or even acquire companies to increase their product and service offerings to clients.

 

Aside from FINSI, Reyes said there are also a lot of potential partnerships across the different companies under Asticom.

Asticom Eyes Strategic Partnerships, JVs, Acquisitions to Expand Business

Asti Business Services Inc. (ABSI), a business process solutions company, eyes capturing more businesses in the Asia-Pacific region, and growing its centers of expertise such as digital solutions, HR, finance, customer experience, and corporate services.

 

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“As we continue to grow, we also plan to establish more strategic partnerships both in and outside of the Philippines. We want to expand our reach through the relationship we build with our partners as well,” said Mel Tecson, General Manager of ABSI.

 

As for BRAD, the on-demand logistics solutions plans to go nationwide and bring its services to more localities in the Visayan and Mindanao regions. It is also looking to tap into more opportunities in the e-commerce space as it hopes to become the nation’s most advanced, efficient, and impactful tech-enabled provider of end-to-end supply chain technology solutions.

 

“We continue to build more partnerships for BRAD, especially with the local businesses in the country. We’re already gearing up to do the same for the other regions, as we want to take BRAD nationwide,” said Richie Santos, General Manager of BRAD Warehouse and Logistics Solutions..

 

Other Asticom subsidiaries are Asti Business Services Inc. (ABSI), a business process solutions company, and BRAD, an on-demand tech-enabled logistics solutions provider.

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Late last year, Asticom acquired HCX Technology Partners Inc. from the Ayala Corporation to enhance and augment its human resource and digital technology solutions.

 

Globe supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. It is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.

 

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To learn more about Asticom, visit https://https://asticom.com.ph.

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Asticom

Asticom Bags Three Golds in 2022 TITAN Business Awards

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Asticom Group of Companies, a wholly-owned subsidiary of Globe, bagged three golds in the recent 2022 TITAN Business Awards.  The international awards recognize innovative excellence across all global businesses and enterprises from wide-ranging industries.

 

The shared services group excelled in the Company & Organization category for its overall strategy and efforts to innovate and grow.  It was also hailed in the Human Resources category as having the best health and wellbeing strategy.  Lastly, Asticom’s technologies and systems were cited in the IT category for their efficiency in resolving issues in the organization.

 

“We’re honored to be recognized, along with many other distinguished organizations, for the work we do at Asticom. These awards further affirm the impact of our strategies and approaches in empowering our clients and the people who made these achievements possible. Asticom continues to pursue excellence relentlessly, so we can also continue improving more Filipino lives,” said Mharicar Castillo-Reyes, Asticom President and CEO.

Asticom Bags Three Golds in 2022 TITAN Business Awards

TITAN Business Awards, hosted by the International Awards Associate (IAA), honors organizations, big and small, private and public, profit and non-profit, as well as people behind their success.

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This year, the awards received over 800 nominated entries from all across the globe, with participating countries numbering up to 50, including the United States, United Kingdom, Australia, India, Ireland, New Zealand, Netherlands, and Canada.

 

Asticom is part of Globe’s ecosystem. It owns information technology and business services outsourcing company Asti Business Services Inc. (ABSI), HR and Digital solutions provider HCX Technology Partners Inc., engineering firm Fiber Infrastructure and Network Services Inc. (FINSI), and logistics provider BRAD Warehouse and Logistics Services Inc.

 

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To learn more about Asticom, visit https://https://asticom.com.ph/.

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Asticom

Asticom Celebrates 7 Years of Helping Businesses Achieve Greater Efficiency

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Asticom Technology Inc. has reached another milestone as it celebrates its 7th anniversary in the shared services industry this year, helping various companies achieve more efficient operations.

 

Launched in March 2015 as a staffing and managed services solutions company, Asticom has grown extensively over the years.  It now operates as Asticom Group of Companies with three subsidiaries and one newly-acquired firm.

 

Asticom serves more than 150 clients all over the country with several businesses in the telecom, financial technology, IT, retail, health, logistics, automotive, banking, education, real estate, and aviation industries.

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The Ayala conglomerate’s shared services company reached the P2-billion revenue mark in just six years of operations. Today, it manages close to 5,000 people across all its subsidiaries.

Asticom Celebrates 7 Years of Helping Businesses Achieve Greater Efficiency

In 2021, the group spawned three new subsidiaries: Asti Business Services Inc. (ABSI), Fiber Infrastructure and Network Services Inc. (FINSI), and BRAD Warehouse and Logistics Services Inc. (BRAD).  The move  further expanded and reinforced its diverse business portfolio in business services outsourcing, IT, engineering, and logistics.

 

Later in the same year, Asticom acquired HR and Digital Solutions company HCX Technology Partners Inc., which was placed under ABSI. With HCX in its fold, Asticom added human resources, customer experience, finance, and corporate services to its extensive list of services.

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“We are grateful to our valued clients and partners in business for their continuous trust in Asticom throughout the years. We strive to make our solutions better, deliver highly responsive services, and ultimately create a superior customer experience. In our 7th year and beyond, we will continue to support businesses in their growth and provide opportunities to Filipinos,” Asticom President and CEO Mharicar Castillo-Reyes said.

 

Asticom continues to aim high, seeking to capture bigger markets within the country and broaden its services to serve more businesses in Southeast Asia.

 

It also targets to bring growth to small and medium-sized enterprises through tech-enabled solutions. The company is gearing up to launch new initiatives and develop its technology to better serve its growing clientele.

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Asticom aspires to transform people’s lives by delivering exceptional innovations tailored to clients’ business needs.

 

To learn more about Asticom, visit https://https://asticom.com.ph/.

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Asticom Eyes International Market for Shared Services

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Asticom Group of Companies has its eyes set on the international market for its shared services business, seeing a huge outsourcing potential from overseas clients.

 

Mharicar Castillo-Reyes, Asticom President and CEO, said they are already talking to a number of customers who are interested in outsourcing some of their IT, finance and human resource shared solutions to the Philippines.

 

“They believe in the quality of the talents we have, the infrastructure that we have.  They are also confident that we can deliver a better experience for their customers,” she said at a recent media roundtable.

 

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Asticom’s Asti Business Services Inc. (ABSI) is at the forefront of this initiative, proving to be a key player in the IT-BSO industry just a year into its operations.

 

ABSI offers managed services such as Business Service Outsourcing and Information Technology, and digital platform services like Customer Experience and Employee Engagement. With Asticom’s recent acquisition of HCX Technology Partners Inc. from Ayala Corporation, ABSI expanded its services to include human resources, customer relationship management, and digital solutions.

 

“We plan to go international in the next few years. We have started our efforts in creating brand awareness and more exposure for ABSI and HCX to the international market. We currently have a couple of multinational companies as clients,” said Melissa Tecson, General Manager of ABSI.

Asticom Eyes International Market for Shared Services

On the local front, Asticom currently has over 190 clients in about 25 industries. While most of its clients are large businesses, the group has started looking into small and medium-sized enterprises (SMEs) that need the most support.

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“We’re helping these businesses grow and supporting them through our logistics solutions BRAD for last-mile delivery.  We also have ABSI for payroll and HR services, and FINSI to power businesses through connectivity.  We believe that will expand the level of clientele that we have today in the Philippines,” said Reyes.

 

Asticom strives to continuously improve its business solutions to propel its clients and people towards greater growth. It is also gearing up to introduce new technologies and innovations to widen its scope of services.

 

As part of the Globe Group, Asticom supports the United Nations Sustainable Development Goals, particularly UN SDG No. 9, highlighting the roles of infrastructure and innovation as crucial drivers of economic growth and development. It is committed to upholding the UN Global Compact principles and contributing to 10 UN SDGs.

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To learn more about Asticom, visit https://https://asticom.com.ph.

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