Full Suite, a business services platform headquartered in the Philippines, has been acquired by Singaporean company Viascari.
Founded in 2010 by Danella Yaptinchay, Full Suite offers business services that Filipino enterprises of all sizes need, including everything from business registration and permit renewal to intellectual property and trademark registration and accounting, bookkeeping, and tax assistance.
The deal is for the full acquisition of Full Suite, but the exact terms were not undisclosed. The company will continue to operate as an independent brand under Viascari.
According to Yaptinchay, the acquisition was a win-win for both parties.
“As I was looking for a partner or investor who could support Full Suite’s growth, Viascari was looking to expand its footprint in Southeast Asia. Things fell into place and the deal worked out well. I knew that with their team of experts, they could take the Full Suite brand even further both in the Philippines and across the region,” said Yaptinchay.
Viascari, though incorporated in Singapore, is a company started and co-founded by two Filipinos who also ran The Offshore Concept, a financial concierge that has over 60 accountants, paralegals, and other business experts based in the Philippines and across Asia Pacific.
The company has served some of the larger Silicon Valley companies (including several who went public) and some of the most prominent local tech firms, such as Kalibrr, Thinking Machines, Maria Health, EngageSpark, MedGrocer, and Anino Games.
Viascari founder and CEO Maggie Po is thrilled at the prospect of helping even more Filipino business owners, especially in Full Suite’s three areas of specialization.
“Business registration, renewals, and taxes are the three most challenging tasks for the local business owner, but they do not need to be. By taking care of these processes for them, we can help more entrepreneurs focus their attention on more pressing matters, like sales, marketing, and business development,” said Po, who will now also serve as chief strategist for Full Suite.
In addition to providing these SMEs with business registration, renewal, and tax support, Maggie emphasized that Full Suite will be able to help business owners with any matter related to strategic finance as they grow, such as fundraising, managing cash flow, and even merging or getting acquired.
“While some may think of Full Suite as a service provider, I’d like to think of our company as an enabler: We are one-stop financial concierge, so you have all the knowledge, expertise, and experience in your corner to help your business scale to the next level,” said Po.