EasyCall Communications Philippines Inc. on Monday said it is set to complete its acquisition of Transnational E-Business Solutions Inc. (TESI), a technology company that specializes in software development, software as a service, and information technology outsourcing.
Plans for the acquisition were approved by the company’s board earlier this month. The company is set to complete the deal by January.
EasyCall, known for its pagers in the 1990s but its business rapidly ebbed at the onset of text messaging service, has since shifted its focus into becoming a data technology company, and is keen on expanding its service offerings in the digital space through the acquisition of TESI.
“We see synergy between EasyCall and TESI, having EasyCall directly own TESI, and we hope to expand our services to help businesses unlock their potential through digital transformation,” EasyCall President Zaki Antoni H. Delgado said.
“We are very optimistic that through this new development with TESI, we can build on our culture of innovation and provide the best digital solutions that address the needs of our customers.”
For 20 years, TESI has been assisting local and international companies to innovate digitally and has over 100 technology professionals specializing in agile delivery and professional services, with vast experience in developing web and mobile applications. TESI ensures solutions are built to scale and suited to the business needs of micro, small and medium enterprises to enterprise level corporations.
TESI is 50 percent owned by the Delgado holding company, Transnational Diversified Corp., and 50 percent by TDG Ventures Inc., which is also the biggest shareholder of EasyCall at 88.03 percent.
The company said the acquisition of TESI is seen to “add to the overall business scale and capabilities of the EasyCall Group.”