Metro Manila, Philippines, August 17, 2020 – Globe Telecom, Inc. (“Globe”) through its wholly owned subsidiary, GTI Business Holdings, Inc., has entered into an agreement to acquire 67% stake in Third Pillar Business Applications Inc. (TPBAI). The agreement likewise mandates TPBAI to acquire shares of Third Pillar Global Delivery Center, Inc., its outsourcing affiliate.
Third Pillar is the Philippines’s largest Gold Partner of Salesforce, the world leader in CRM solutions. Third Pillar has been instrumental in the growth of Salesforce in the Philippines, with a client roster which includes the country’s largest companies. It is also the exclusive local partner and reseller of Syniti (formerly BackOffice Associates), a US-based company that has been solving the world’s most complex data challenges for over 20 years.
“The importance of digital solutions today is more pronounced than ever and we continue to enable our clients, be it top companies or small and medium businesses, to achieve the most from their digital transformation journey,” said Globe President and CEO Ernest Cu. “The acquisition of Third Pillar expands our suite of cloud business offerings and this includes Software-as-a-Service applications, which is now the platform of choice of businesses who prefer faster service capabilities in a cost-effective manner.”
Jennifer Ligones, President and CEO of Third Pillar, says, “Globe’s investment in Third Pillar empowers both entities to face the digital future from a position of strength. Globe will be able to enhance its ability to provide enterprise business solutions to its customers, which is a critical complement to its core business. In turn, Third Pillar will be able to achieve greater efficiencies and sustainable local and global growth as it gains access to Globe’s platform, customer base and expertise.”
This transaction forms part of Globe’s strategy to be the trusted advisor of enterprise customers in the Information and Communications Technology space by way of introduction and implementation of efficient, reliable and leading-edge technologies.
Globe is a leading full-service telecommunications company in the Philippines and is publicly listed in the Philippine Stock Exchange with the stock symbol GLO. The company serves the telecommunication and technology needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connectivity, internet and managed services. It has major interests in financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. Its principal shareholders are Ayala Corporation and Singtel, acknowledged industry leaders in the country and in the region.
For more information, visit www.globe.com.ph. Follow @enjoyGLOBE on Facebook, Twitter, Instagram and YouTube.
About Third Pillar
Third Pillar is a Business Application Consulting and Systems Integration company. It focuses on delivering innovative enterprise solutions that help organizations boost sales, improve customer intimacy, ensure data integrity, and reduce annual spending. To fortify this position, Third Pillar partnered with leading providers such as Salesforce for Customer Relationship Management, Syniti for Data Migration, Cleansing and Governance, Consus Global Consulting for E-procurement, among others.
More details about the company can be found on their website, www.3rd-pillar.com.