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ePLDT acquires IP Converge Data Services, Inc.

Philippine Long Distance Telephone Company ("PLDT") announced today that its wholly-owned subsidiary, ePLDT, Inc. ("ePLDT") and IP Ventures Inc. ("IPVI") signed a Sale and Purchase Agreement covering the purchase by ePLDT of 100% of the issued and outstanding capital stock of IP Converge Data Services, Inc. ("IPCDSI").
IPCDSI owns and operates two (2) Internet data centers in the country and provides enterprises with managed data services and cloud-based business solutions across a wide range of industries including IT solutions providers, gaming companies, e-learning and healthcare.

IPCSDI is the country's first and only Salesforce.com Cloud Alliance Partner providing Salesforce CRM licenses and consulting services to businesses.

In addition, the company is also the country's premier Google Enterprise Partner, allowing local organizations to adopt a cloud computing mindset and to ThinkOutCloud™

"Our investment in IPCDSI allows us to complete our multi-tiered data center product suite and expand our cloud solutions business," said Napoleon L. Nazareno, President of PLDT. "With the combined capacity of our data centers reaching about 2,000 racks, we are strongly positioned to service the growing data center and business solutions requirements of both large- and medium-sized businesses going forward," added Nazareno.

"Combining the reach of the PLDT network, the strength of PLDT VITRO's data infrastructure and IPCDSI's data center footprints and partnerships with major technology and cloud players, PLDT sustains its leadership position as the best in class ICT solutions across the wide spectrum of our enterprise business portfolio, from SMEs to the larger local corporate and multinationals," said Ernesto Alberto, PLDT Executive Vice President and Head of Enterprise and International and Carrier Business.

PLDT VITRO's network of Data Centers located at Pasig, Cebu and Subic are purpose-built, industrial-strength data centers that leverages on the PLDT Group's robust telecommunications infrastructure, PLDT VITRO provides redundant and high-capacity connectivity nationwide and overseas.

"We see this agreement with PLDT as a major milestone for the Company. PLDT brings tremendous strategic value to the table. With the extensive synergies between PLDT and IPDCSI, IPDCSI will have greater business scalability which will drive growth across all of its business segments," said Enrique Y. Gonzalez, CEO of IPVI.
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"ePLDT acquires IP Converge Data Services, Inc." was written by Mary under the Business category. It has been read 2293 times and generated 1 comments. The article was created on and updated on 12 October 2012.
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