Open-source firm Exist Global was recently inducted to the American Chamber of Commerce of the Philippines (AmCham Philippines), as it looks to accelerate growth and further broaden its current market in the US.
The software firm, founded by tech guru Winston Damarillo, said it has achieved double-digit growth year-on-year for the past three years and has expanded aggressively in Asia in 2013.
“While we have achieved significant growth in Asia Pacific, we remain focused on developing our market further and identifying new opportunities in the US,” said Jerry Rapes, president and CEO of Exist.
According to Forrester Research, the global IT spending across software, hardware, and IT services by enterprises and governments in 2013 will be at $2.06 trillion. The US is set to be the biggest spending country in IT by a long shot.
“This means a great deal of opportunity for business collaboration. Exist’s deep technology experience and breadth of experience across markets enable us to compete in the US,” said Rapes.
“We have the opportunity to not only expand our markets, but to diversify our customer base,” he added. “We look forward to serving the transport and utilities markets on top of that which we serve — healthcare, finance and banking, telecoms, and retail — with the same excellent service that current Exist clients have grown to expect.”
At the same time, Exist said it is helping AmCham Philippines in its efforts to facilitate trade and investment competitiveness between the two nations, specifically initiatives relative to the IT- Business Process Outsourcing industry.
“This collaboration with AmCham Philippines allows us to connect with US industry leaders while contributing to IT-BPO development,” Rapes said.
AmCham Philippines has around 75 companies that are in the IT-BPO sector and more than a hundred active individual members in its ICT committee.
