INFORMATION-technology (IT) infrastructure solution provider Computrade Technology Philippines Inc. (CTP) announced its new partnerships, with a number of vendors and partners seen helpful in sustaining its strong business results this year.
“We are growing both organically and through acquisitions,” CTP Managing Director Teddy Sumulong told the BusinessMirror during the firm’s news briefing in Makati CIty last week.
While the company has grown almost double every year since it started its local operations four years ago, he said they managed to post a record growth in 2016 by almost 300 percent. Revenue-wise, CTP has so far generated almost P1 billion, he said.
Such robust performance could be attributed mainly to the company’s business with both the banking and public sectors.
“That’s where the growth came,” Sumulong said. “The public sector is a key segment for us. It’s a high-growth area, aside from banking.”
The executive expects the momentum to continue in 2017, though a bit modest compared to last year.
“We will grow by another 50 percent at least. It’s because our base number is getting big already,” he said, while citing the telecommunications industry as an added contributing factor for their upbeat forecast this year.
“The growth through acquisition of new brands, hopefully, will help us sustain or even exceed the 50-percent [target],” he said.
Aligned with CTP’s business road map, the company forged new alliances with identity governance administration solution provider Deep Identity Pte. Ltd., Web risk protection technology expert Menlo Security, and enterprise cloud infrastructure innovator Nutanix.
Also, it formed a strategic tie-up with Defenxor, a managed security service provider based in Jakarta, Indonesia.
These collaborative initiatives will bring the total number of CTP vendors to 17 and will expand their 60 active partners to about 70 to 75.
“This is because the new brands would want a different set of partners that are focusing on their products,” he said.
The partnership deals were struck to leverage on the digitization of most businesses that fuels the continued economic growth in the country at present. Digital transformation, also known as DX, refers to the adoption of technologies that businesses undertake from utilizing legacy equipment and traditional business approach to a technology-enabled, agile, digitized and innovative business model.
Based on reports of research company Gartner, DX is anchored on four pillars: Big data analytics, social media, cloud technologies, and mobility solutions.
They, in turn, make machine learning possible, which is a part of artificial intelligence science that allows a machine or a system to learn date sans being specifically programmed and make its own decisions.
Meanwhile, International Data Corp. (IDC) Philippines projects that 25 percent of the country’s top 1,000 companies will see a majority of their businesses depend on their ability to create digitally enhanced products, services and experiences by 2020.
Also, it expects DX to achieve macroeconomic scale in the next three to four years, as machine learning is seen to push more digital enterprises towards the Internet of Things (IoT).
The latter, according to IT trends analysts, will be a top priority as companies’ expenditures on it in the Philippines will rose to $766.8 million over the next three years from merely $55.1 million in 2014.
“Our new partners’ solutions complement our current products and services. Their offerings responds squarely to the growing demand for best-of-breed solutions.
Computrade’s newly expanded portfolio will help companies begin their digital transformation journey as well as consider the wide range of applications made by machine learning,” Sumulong said.
On his part, PT Computrade Technology International (CTI Group) Director Rachmat Gunawan welcomes the addition of these new allies to their organization, saying that they will further strengthen the company’s position as a premier enterprise solutions partner.
He expressed optimism on their business growth in the Philippines on the back of their competitive local team.
“We are very pleased with the uptrend that our Filipino team continues to bring for CTI Group. In four short years, under Teddy’s leadership, CTP has established a strong presence and became a trusted partner by the business community,” he said.