Globe forms new IT solutions unit, eyes P10-B revenue in next 5 years

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By Tom Noda

With the aim of dominating the local IT solutions market, Ayala-owned telco Globe Telecom has created a new business unit called IG or IT-Enabled Services Group.

Members of Globe's newly formed IT-Enabled Services Group: (from left) Nikka Singson-Abes, Michael Sy, Rey Lugtu, Gil Genio, Chris Cheng, and Jesse Divinagracia
Members of Globe’s newly formed IT-Enabled Services Group: (from left) Nikka Singson-Abes, Michael Sy, Rey Lugtu, Gil Genio, Chris Cheng, and Jesse Divinagracia

Executives from the company?s corporate arm, Globe Business, made the announcement in a press conference on Wednesday, March 26, at the New World hotel in Makati City.

According to Globe’s chief operating officer for business and international markets and chief strategy officer Gil Genio, Globe wants to be the a major player in the IT-enabled services market in the Philippines.

“We want to capture P5 billion up to P10 billion slice of the market in our three to five-year business horizon,” said Genio, but clarified that Globe won’t be involved in hardware, software, or even business process outsourcing support businesses.

Genio explained Globe will focus solely in offering to its target market segments their IT-enabled services such as data center, business applications, and cloud services.

The group?s newly installed vice president, Reynaldo “Rey” Lugtu Jr., who is also known as a veteran in the Philippine IT industry, said IG will also offer storage applications and a portfolio of business applications like machine-to-machine (M2M), HealthCloud, Globe PayrollCloud, among others, and is likewise developing more business applications for different business-to-business segments.

Also included in IG’s present business app services are Fleet Management, Fixed Asset Management, and Security and Surveillance.

Considered to be one of the pillars of the country’s IT industry, Lugtu said the local IT industry will continue to grow and that Globe’s IG team will be a major player in the ICT industry and eventually be the market leader.

Lugtu described Globe’s entry in the IT-enabled services business as “timely”, citing the country’s IT industry has experienced a huge growth over the years and will continue to do so unabated.

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