San Francisco, California – Startups to established enterprises around the world are now increasingly looking into the Philippines as strategic go-to software delivery center. “As the overall performance of the Philippines inches up higher, more businesses are considering the Philippines as first-option for their software development outsourcing initiatives,” said Jerry Rapes, CEO of Exist, a company that provides consulting services and software development with focus on Java and Ruby on Rails solutions.
In the latest annual ranking of the top 100 global outsourcing destinations by Tholons, Manila (NCR) has overtaken New Delhi while Cebu has edged out Dublin due to significant investments and expansions in the country’s IT-BPO space.
“We have plenty of tech talent — English-proficient and amazingly collaborative individuals — not just in the capital of Manila, but also in IT hubs around the country, such as Cebu, Clark, and Davao. Our infrastructure is ready, whether for business or leisure. Our cost structure is very competitive. Combine these with our steadily growing economic condition — and companies don’t have to look elsewhere for a world-class technology partner,” Jerry added.
(Jerry talks to a group of business executives and technology enthusiasts at the Philippine Consulate in San Francisco)
Just a month ago, Fitch Ratings, a global credit rating firm, has upgraded the credit rating of the Philippines to the investment grade status, a level which promises a surge of capital inflow from both local and foreign investors.
Moreover, the Business Processing Association of the Philippines (BPAP) sees industry revenues reaching $16 billion in 2013 or $2.6 billion higher than the projected revenues of $13.6 billion for 2012.
Jerry recommends that this is the right time to connect with Philippine-based software companies, such as Exist, to explore joint product development, setting up a development / delivery center based in Philippines, and other IT initiatives.
Exist, a global consulting and technology engineering solutions leader operating in Manila and Cebu with clients in Asia Pacific, Australia and the US, has been working closely with the Philippine Trade and Investment Center (PTIC) offices including New York, San Francisco, Silicon Valley, as well as Singapore to strengthen its foothold in these markets.
PTIC SV and SF Trade Commissioner Michael Ignacio said that by joining forces, “we intend to bolster business development initiatives and build more partnerships in the San Francisco Bay Area. We’re very proud to be working with Exist Global, a technology innovation leader from the Philippines — in helping companies seize the next-generation of business-driven IT solutions.”
Asked why tech innovation is more fun in the Philippines, Jerry remarked, “We always keep our relentlessly happy psyche, no matter if a bad weather hits us or projects hit a snag. Philippines is a gateway to innovation given its robust business and recreational infrastructures.”
“I know there are hard-working engineers everywhere, but the Filipinos have the most cheerful spirits of them all.”
About PTIC – Silicon Valley
The Philippine Trade and Investment Center in Silicon Valley is the Commercial Section of the Philippine Consulate General in San Francisco and the representative office of the Philippine Department of Trade and Industry in the US Pacific Northwest and Western Canada.
PTIC Silicon Valley covers the US Pacific Northwest, which includes the following: Alaska, Northern Nevada/Reno, Colorado, Northern California, Idaho, Utah, Montana, Washington, Oregon, and Wyoming.
The mandates of PTIC – Silicon Valley include trade promotion, investment promotion, trade policy negotiations, and protection of Philippine business interests.