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Asticom Group of Companies Eyes Jobs Generation, Boosts Standing as Leading Shared Services Company
The Asticom Group of Companies, a shared services provider under the Globe Group, hopes to generate more than 15,000 jobs for Filipinos through its portfolio of businesses as it strengthens its standing as a leading shared services company in the next few years.
The company, which marked a milestone in 2021 after hitting the P2-billion revenue mark after just six years of operations, also targets supporting more small-and-medium enterprises and startups in the country.
“We continuously seek ways to pave long-term growth for the group. With our strategies and plans in place, we aspire to see greater growth for the Asticom Group of Companies, but most especially for the people and clients we’re serving. We also aspire that through realizing these goals, we can support many more Filipino businesses in their growth and improve more Filipino lives,” said Mharicar Castillo-Reyes, Asticom President and CEO.
The shared services company launched in 2015 has seen vigorous growth in recent years, spawning four subsidiaries last year alone: Asti Business Services Inc. (ABSI), Fiber Infrastructure and Network Services Inc. (FINSI), BRAD Warehouse and Logistics Services Inc. (BRAD), and HCX Technology Partners Inc.
ABSI is a business process company that offers IT and business solutions as well as back-end and project management support to its clients. It acquired HCX Technology Partners Inc. from the Ayala Corporation last year, adding HR and Digital Solutions to its business services offering.
ABSI is gearing up to serve countries from the Asia-Pacific region, and grow its centers of expertise in digital solutions, HR, finance, customer experience and corporate services. The company aims to become the number one Shared Services Center in the country and in Asia by 2029.
FINSI, on the other hand, offers end-to-end engineering solutions for businesses in the telecommunications, infrastructure, and technology industries. Being the first homegrown engineering firm that serves telecom companies in the country, FINSI aspires to be the leading local services provider in the telco and tech industries. With the increasing demand for connectivity, the company aims to expand its services nationwide, starting with establishing its presence in the Visayas region later this year.
Meanwhile, BRAD is an on-demand logistics solutions provider that caters to the needs of small, medium and large enterprises in the country. It aims to be the nation's most advanced, efficient, and impactful tech-enabled logistics solutions provider.
Locally owned and operated, BRAD supports the growth of Filipino SMEs through its safe, reliable and affordable services. The company is eyeing expansion to Visayas and Mindanao later this year, and tap into businesses in the education, medical and pharmaceutical, and hospitality industries.
Since 2015, Asticom’s revenues have grown robustly with a compound annual growth rate (CAGR) of 36%. Supported by its 4,500 strong workforce, the group maintains ongoing strategic partnerships, and continues to build a more robust business offering through various ventures.
Asticom pursues new opportunities to push for growth and help its clients and the Philippine labor force realize their aspirations. By supporting Filipinos and businesses, it continues to fulfill its vision of contributing to the country’s economic recovery.
To learn more about Asticom, visit www.asticom.com.ph.