SID Global Solutions (SIDGS), a US-headquartered digital transformation company, has announced a strategic $20 million investment to expand its footprint in the Philippines.
The investment will see the company establishing SIDGS Digital Engineering and Delivery Hubs in different locations around the country, with Manila being its national headquarters, per the announcement.
Additionally, the company will also implement its SID.U Digital Engineer certification program in partnership with colleges and universities nationwide. The goal is to create industry-certified engineering talent for the region.
SIDGS, which also has operations in India, the United Arab Emirates, the UK, and Singapore, provides digital transformation solutions and services to Fortune 500 companies and the public sector globally.
Venkat Madipadaga, SIDGS founder and chairman, said its expansion in the Philippines aligns with its mission to transform how people live and work with a blend of innovation and transformational power of technology.
“This is our promise, our vision for the future of business to the Philippines. A landscape where every Philippines business has the tools, the access, and the unwavering confidence for Filipinos to thrive in the digital age,” Madipadaga said.
The Philippines, he added, is fast emerging as a major center for a young, tech-savvy population driving digital adoption in the Asia Pacific region. Madipadaga said the country is a key player as many companies are embarking on digital transformation.
“These factors, along with the country’s strategic location in Southeast Asia and the increasing quality of digital engineers, make the Philippines the ideal location for SIDGS to expand its footprint and serve the growing digital needs of the region,” he said.
The expansion of SIDGS in the Philippines comes as the country is stepping into a new era of digital evolution with its groundbreaking Digital Transformation Development Policy Loan (DPL).
This initiative, spearheaded by the World Bank, is geared toward revolutionizing government operations, fortifying digital infrastructure, and expanding financial inclusivity through the power of technology.
Despite a surge in internet usage, the Philippines has yet to fully harness the potential of digital technology due to high internet access costs, particularly for small businesses, according to OpenGov.