The Philippines’ largest mobile network operator Globe Telecom has invested US$4 million to acquire ‘substantially all assets’ of Cloud DevOps firm Cascadeo.
The aim of this agreement is in line with Globe’s aim to build a robust ICT portfolio and provide solutions that help businesses stay competitive in a future driven by digital transformation.
Globe’s President and CEO Ernest Cu said: “The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment.”
The Filipino telecommunications giant hopes to further solidify their credibility as a cloud solutions provider. Leveraging on Cascadeo’s cloud-native consulting and managed services, Globe will deliver upgraded cloud-based products and service offerings to Philippine and US enterprises.
Jared Reimer, CEO of Cascadeo, said: “We continue to be amazed by the talent of the Filipino workforce and partnering with Globe will be instrumental in helping us become an employer of choice as we broaden our footprint in the Philippine market.”
Cascadeo supports customers in the US and the Philippines through a Cloud Operations Centre of Excellence in Manila.
Mr Reimer added: “We’re excited to have a partner like Globe in the next stage of our growth journey. Their commitment to cloud-first and speed of adoption is rare to see in large organizations. We also admire that Globe has balanced achieving business goals by taking care of their people.”
Both Globe and Cascadeo, one of few premier consulting partners for Amazon Web Services in North America, agreed to make more investments into entities that will propel growth capital and fund Globe’s expansion strategies.
This news came after Globe announced it would offer business continuity and telecommuting solutions to enterprises during the coronavirus outbreak. This included access to their cloud solutions and upgraded bandwidth to deal with heavier traffic caused by remote working.