Cloud firm says PSE-listed ?namesake? a different entity

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According to IPDCSI marketing director Ni?o Valmonte, ?Our company, IP Converge Data Services Inc. is not a publicly listed company and is different from IP Converge Data Center Inc. We want to make this clarification for the benefit of our customers and other stakeholders.? The two companies have similar names as they used to be both owned by holding firm IP Ventures Inc. They now have different owners: the listed firm, IP Converge Data Center Inc., is majority-owned by the 8990 Group of Companies, while IP Converge Data Services Inc. was acquired from IP Ventures in October 2012 by ePLDT Inc., the ICT arm of PLDT. As a subsidiary of ePLDT, IPCDSI offers a suite of cloud services ranging from Infrastructure-as-a-Service (IaaS), to Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS) and Backup-as-a-Service (BaaS) through the cloud.com.ph portal which is powered by a cloud platform hosted in its own Internet data center. IPCDSI is also a local partner of Prolexic Technologies, Salesforce.com, Google Enterprise, and Symantec Philippines. IPCDSI recently launched its payment gateway, making cloud servers at the company?s portal cloud.com.ph more accessible for SMEs. Cloud.com.ph was launched by IP-Converge last year as the country?s first locally hosted IaaS portal with usage-based billing capability. ]]>

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