Exist Software reaches ‘High Five’ with prestigious Red Herring 100 Award

Exist Software reaches ‘High Five’ with prestigious Red Herring 100 Award

Exist Software reaches ‘High Five’ with prestigious Red Herring 100 Award 150 150 infrastructure

Exist Software Engineering celebrates its 5th Anniversary of delivering Filipino technical excellence to the Global market with a celebration at the Crowne Plaza Galleria last August 26, 2006.

This milestone, plus its most recent inclusion into the Top 100 Companies in Asiagiven out by the prestigious Red Herring Inc. makes this year’s fete a double celebration to be attended by its employees, partners and luminaries in business and government.

In five short years, Exist has grown to become a global leader for software “smart sourcing,” providing world-class technical talent to Global IT companies, unique expertise in open source adoption and a highly efficient infrastructure for enabling global software called e-DEN (Exist Development and Engineering Network).

These were the same factors that made the company be among the “best and the brightest stars” in this year’s Red Herring Awards for Asia.

“In an exceptionally vibrant climate for start-ups, Red Herring believes that Exist is a rising star,” says Allen Yang, Business Development Manager of Red Herring Inc.

Out of more than 600 submissions from companies in Asia, Exist Software Engineering was among those who went through a long and rigorous process evaluating business models, analyzing profitability forecasts, assessing management teams and examining technology.

Exist was part of the initial shortlist of 200 companies and then just this week was adjudged as the only Filipino company among the Top 100 Past winners of Red Herring that include Mozilla, Salesforce.com and You Tube.

Exist was founded by Winston Damarillo, a proven, serial entrepreneur with a track record of building successful technology start-ups, including being a CEO at Gluecode Software, recently bought by IBM, and currently CEO at Simula Labs, the first company designed to provide operational and entrepreneurial expertise and capital to emerging open source companies.

Together with college friends, Junnie Arreza, Willex Perez and Vincent Ortega, from De La Salle University in Manila, Exist grew from a small startup of six to now having 102 employees serving global companies in the US and Europe.

“I am especially proud of the achievements of Exist Engineering as this showcases the talent of the Filipino technologist. We hope that as we continue to grow we are able to also help the Philippine IT industry gain additional recognition that it so deserves in the world stage,” say Damarillo.

Exist has developed enterprise software product for companies such as IBM, alignent software, webtide, logic blaze and mergere, among others.

“The Exist team was very aggressive pro-actively investigating solution to technical challenges and we were able to build a foundation of trust with them surprisingly quick,” attested by Alignent Software, Incorporated VP of Product Steve Nathan.

Webtide, a forunner in scalable WEB 2.0 projects using ajax, through its CEO GregWilkins mentioned that “for years now, we were looking for partner company the can provide world class talent with cutting edge-technology and we found them plus more from Exist.”

In the near future, Damarillo will be launching Exist Labs, a Philippine-based incubator that aims to attract the best ideas and talent from the world to develop their technologies in the Philippines. “We hope to jump start IT entrepreneurshipin the Philippines that targets the Global market,” said Damarillo, who has four successful IPOs and five corporate exits under his belt as a venture capitalist.

“Who knows Exist Labs might spawn the next Red Herring 100 Awardees?” he added. (OPS-NOCC)

 

Originally published in Manila Bulletin