PLDT Inc. said Monday its board approved the acquisition of a 45.73-percent stake in Multisys Technologies Corp. for P2.15 billion.
PLDT said the investment would be done through wholly-owned subsidiary PLDT Global Investments Holdings Inc. It said the transaction was expected to be completed by next month.
Multisys, founded by software programmer and entrepreneur David Almirol Jr., developed over the past eight years a number of software platforms that can be used by its pool of programmers to create highly scalable, flexible and customizable software solutions as required by its clients.
These software platforms include those for payment gateways such as Bayad Center, utilities like power and water, data center setup and connectivity, big data handling and analytics and cybersecurity.
“This investment positions PLDT as a telecoms and digital services provider with core software development capabilities,” PLDT chairman and chief executive Manuel Pangilinan said.
“With the software savvy of Multisys, PLDT will be able to offer more custom-made solutions to its customers and thus deepen its relationships with them,” he said.
The specialized industry solutions of Multisys complement the suite of solutions of PLDT Enterprise and ePLDT. They can be further fortified by ePLDT’s managed infrastructure and cybersecurity solutions.
Multisys can also strengthen the ongoing digital initiatives of ePLDT and Voyager Innovations, particularly in the fields of electronic payments and digital financial services.
“Working with Multisys will enable us to step up our efforts to provide compelling digital solutions to address the specific requirements of our Enterprise customers,” PLDT Group chief revenue officer Ernesto Alberto said.
“This will sharpen our competitive advantage and at the same time accelerate our digital transformation,” he said.