Friday, March 24, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business IT & Telecom

Japanese company invests in MDI

Othel V. CamposbyOthel V. Campos
May 22, 2021, 8:29 pm
in IT & Telecom
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Leading IT integrator Micro-D International Inc. and subsidiary Novare Technologies Inc. renewed their commitment to support the country’s digitalization efforts, after sealing a multi-billion-peso investment deal with Advantage Partners of Japan.

Micro-D International Inc. chairperson Myla Villanueva

MDI chairperson Myla Villanueva said the partnership with AP would help it achieve its full potential as a trusted digital transformation partner for market leaders, both here and in the region.

“We really share the same values of ensuring that we take care of our people and continue to hold both high ethics and integrity in our world. So, why now? Because the timing is just right and we do want to expand beyond our shores and build a national champion for the Philippines,” Villanueva said.

Founded in 1988, MDI Novare is a leader in the local IT market. It caters to blue chip companies, helps clients drive digital transformation through application development, infrastructure, data analytics, and IT security. It also has industry expertise in telecommunications, financial services, public industries and domestic conglomerates.

“The partnership simply came at the most perfect time, when digital transformation became even more of an imperative for corporations to serve the evolving needs of their customers,” said Villanueva, a tech and digital expert.

ADVERTISEMENT

Leading global independent investment bank Evercore and international law firm Milbank advised MDI in the deal.

Villanueva said MDI had been toying with a plan to go public within three to six years after sealing the investment deal with AP.

“We’ve always run ourselves as if we were a public company. We are working with Advantage Partners to see whether there is a four-year horizon [for IPO] or sooner than that. For this deal, I felt it was important to invite international investors only because that would give us a better understanding and flavor of the different markets that we want to serve,” she said.

AP head of Asia Emmet Thomas said the premier private equity firm looked into MDI and was glad to offer capital and technology support to the Philippine tech firm.

“MDI is a very dynamic company with strong growth prospects. We see the opportunity in them to continue to succeed and advance further. We hope this will be the first of many investments in the Philippines for us,” he said.

“The transaction represents the first investment in the Philippines by AP Funds, and Advantage Partners is thrilled at the opportunity to help MDI fulfill its digital transformation mission in the Philippines and the rest of Asia,” he said.

AP is a leading private equity investment firm in Japan, with presence in 43 companies across industries. Operating globally, AP offers portfolio and investment management, financial planning, investment advisory and consulting services. Its main limited partners include Marubeni Corp. and Mitsui & Co.

“As we enter into this milestone partnership, we are confident that this will pave the way for more expansion opportunities for MDI and introduce more innovations and digital solutions that would help the country prepare for the next future, towards a more digitized world,” Villanueva said.

Tags: Advantage PartnersMDIMicro-D International Inc.Myla VillanuevaNovare
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

PLDT’s income declined 60% to P10.48b in 2022

byDarwin G. Amojelar
March 23, 2023, 7:10 pm
0
8
PLDT urges internet service providers to clean cyberspace

PLDT Inc. said Thursday net income declined by 60 percent in 2022 mostly because of accelerated network and technology upgrades....

Read more

Fitch unit sees no major hurdles to Sky-PLDT deal

byDarwin G. Amojelar
March 21, 2023, 7:55 pm
0
8
Fitch unit sees no major hurdles to Sky-PLDT deal

CreditSights, a unit of Fitch Group, said Tuesday it foresees no “major regulatory hurdles” to the P6.75-billion acquisition of Sky...

Read more

Globe expects revenues to sustain growth

byDarwin G. Amojelar
March 20, 2023, 7:10 pm
0
8
How to throw a hybrid holiday party

Globe said Monday it expects a mid-single digit growth in service revenues this year despite the macroeconomic headwinds. “We have...

Read more

ABS-CBN ventures into NFT business

byDarwin G. Amojelar
March 20, 2023, 6:55 pm
0
8
ABS-CBN files $40 million in lawsuit in Florida

By Darwin G. Amojelar ABS-CBN Corp. ventured into digital collectibles NFT (non-fungible token) business through a partnership with Theta Labs,...

Read more

Anti-trust body closely watches PLDT’s full acquisition of Sky Cable for P6.75b

byOthel V. Campos
March 19, 2023, 7:40 pm
0
8
PCC: Competition review needed for Malampaya

The Philippine Competition Commission is closely watching the planned takeover of Sky Cable Corp. by telecommunications firm PLDT Inc. to...

Read more

Sky Cable to end pay TV business as PLDT readies P6.75-b takeover

byDarwin G. Amojelar
March 16, 2023, 7:55 pm
0
8
English Premier League, UFC, F1 live on SKYcablees Hospital and Sacred Heart Hospital of Malolos

The Lopez Group is selling Sky Cable Corp. to PLDT Inc. for P6.75 billion, six months after both companies agreed...

Read more

Print Edition

View More

Recent Posts

  • Youngsters take spotlight as IRONKIDS unfolds
  • France-Germany row overshadows leaders’ summit
  • US firm: 5 Chinese staff in Beijing jailed
  • King Charles III in first state visit to protest-hit France
  • Spanish gov’t hit over police tactics
  • North Korea tested new underwater nuke attack ‘drone’
  • Biden arrives in Canada to discuss trade, migration, border challenges
  • More interest rate hikes likely this year

Advertisement

Latest News

North Korea tested new underwater nuke attack ‘drone’

byAFP
March 24, 2023, 8:10 pm
0
8
Southwoods nails Seniors’ Fil golf crown

SEOUL—North Korea claimed Friday it had tested an underwater nuclear attack drone able to unleash a “radioactive tsunami”, as it...

Read more

Biden arrives in Canada to discuss trade, migration, border challenges

byAFP
March 24, 2023, 8:05 pm
0
8
Biden heads to Japan after warning on North Korea threat

OTTAWA—US President Joe Biden arrived Thursday in Canada where he will meet Prime Minister Justin Trudeau and address parliament, with...

Read more

More interest rate hikes likely this year

byJulito G. Rada
March 24, 2023, 8:00 pm
0
8
BSP readies big interest rate hike this month

The Bangko Sentral ng Pilipinas may raise the overnight borrowing rate to 6.5 percent or even higher this year if...

Read more

GT Capital’s income climbed 67% to P18.4b in 2022

byJenniffer B. Austria
March 24, 2023, 7:55 pm
0
8

GT Capital Holdings Inc. said Friday consolidated net income grew 67 percent in 2022 to P18.4 billion from P11 billion...

Read more

SM Prime expects to raise up to P35b from bond offering

byJenniffer B. Austria
March 24, 2023, 7:50 pm
0
8
SM Prime to open Grand Central mall in Caloocan Friday

Property developer SM Prime Holdings Inc. said Friday it is raising up to P35 billion from the issuance of fixed-rate...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App