Asticom Group to triple workforce to 15K (Sabong News)

The Asticom Group of Companies, a shared services provider under the Globe Group, is more than tripling its current workforce of 4,500 and targets to employ over 15,000 Filipinos “in the next few years”, the former announced in its March 23, 2022 virtual press briefing. In 2021, its sixth year of operation, the shared services provider hauled in P2-billion revenue. Now, it also aims to support more small-and-medium enterprises and startups in the country. “We continuously seek ways to pave long-term growth for the group,” explained Asticom President and CEO Mharicar Castillo-Reyes. Already, the shared services firm spawned four subsidiaries last year: 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 aspires to be 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 focuses on 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 expanding to Visayas and Mindanao later this year and tapping businesses in the education, medical and pharmaceutical, and hospitality industries. Since 2015, Asticom’s revenues have grown robustly with a compound annual growth rate of 36 percent.