Globe invests $4 million for cloud business

MANILA, Philippines — Globe Telecom Inc. is acquiring the assets of US-based cloud consulting companies for $4 million or about P200 million as it seeks to expand the services it offers to its enterprise clients.

Through subsidiary GTI Business Holdings Inc., Globe will purchase the assets of Cascadeo Corp., Cascedo Inc. and Cascadeo Partners Inc.

Founded in 2006, Cascadeo is one of only a few elite Amazon web services premier consulting partners in North America and is also a managed services provider. 

Its expertise include automation, cloud-native platform as a service, data analytics, serverless infrastructure and programmatic security.

Globe said assets included in the transaction are customer contracts and Cascadeo’s software platform.

The investment is part of the company’s thrust to build a robust ICT portfolio and deliver tools and solutions that propel businesses to stay competitive towards the digital future.

With Cascadeo’s specialized expertise in cloud-based products and services coupled with its vast resource pool and extensive reach in the country, Globe said it would be able to provide upgraded cloud-based product and service offering to the Philippine and US enterprise clients.

While Globe has been a reseller of major cloud platforms, it said the transaction would allow them to provide more advanced solutions to enterprise customers beyond cloud resellership.

“The joint venture with Cascadeo will further strengthen our ability to invent, innovate, and experiment,” Globe president and CEO Ernest Cu said.

“We will be leveraging on Cascadeo’s cloud-native consulting and managed services capabilities to further solidify our credibility as a cloud solutions provider for enterprises and small and medium business customers who are ready to digitally transform,” Cu said.