Technology firm Cirtek Holdings Philippines Corp. said Monday it hired investment banker Roberto Juanchito Dispo as president and vice chairman and Filipino entrepreneur and Silicon Valley pioneer Diosadado Banatao as adviser to the board, as it gears up for acquisitions both here and abroad.
Cirtek said in a disclosure to the stock exchange the appointment of Dispo and Banatao took effect January 4, 2016.
“As Cirtek moves from strength to strength and scales up its business activities, technology capabilities and geographic presence, Dado Banatao’s fore sign will be invaluable to the company’s future,” said Cirtek’s chairman Jerry Liu.
“Likewise, Jojo expertise, and extensive business network will further strengthen Cirtek’s already very capable management team as it pursues strategic asset acquisitions here and abroad,” Liu added.
Banatao has been dubbed as father of semiconductor for his works in developing several key semiconductor technologies, such as five-chip set, system logic chip set for IBM’s PC-XT and PC-AT and graphic accelerator chip using his invention of local bus.
He was also part of SiRF, where it started the consumerization of GPS after it has been declassified by the US government. He is the founder and managing partner of Tallwood Venture Capital.
Dispo, the former president of First Metro Investments Corp., is a seasoned investment banker with over 17 years of experience in capital raising, investments, strategic acquisition and asset management.
He is credited for creating successful financial products such as rTBs, OFWs Bonds and the country’s first ETF and led several of the country’s largest and landmark equity and debt capital markets deals.
He worked for the government with stints in Department of National Defense, Department of Trade and Industry and Department of Finance. His last government post was Deputy Treasurer of the Philippines with the rank of Assistant Secretary and was credited for key debt and capital markets reforms such as issuance of long term treasury bonds, bonds re-issuance and operationalization of the electronic treasury system, the Registry of Scripless Scurities that led to dematerialization of physical treasury bills and bonds.
Cirtek is on an expansion mode after raising raised P2.2 billion in November through a follow-on offering. The company said it would use the proceeds from the share sale to fund strategic acquisitions, capital expenditures, financial obligations and working capital requirements.
