Prospects are looking up at the information technology industry of the Philippines with the recent public listing of AWS Holdings Inc., parent firm of leading Manila-based Advanced World Systems Inc., at the Tokyo Stock Exchange Mothers Index.
The TSE Mothers Index is a capitalization-weighted index of all stocks listed on the Mothers (Market of the High-Growth and Emerging Stocks), a section for newer, innovative venture enterprises. It serves as the entry level to the largest stock market in Japan which has more than 2,292 listed companies, with a combined capitalization at of more than US$4.09 trillion as of mid 2015. Considered the world’s fourth-largest bourse, TSE is home to the largest and best-known Japanese global giants such as Toyota, Honda and Mitsubishi.
According to AWSI President and CEO Akira Konishi (who has made the Philippines his base for over 20 years now) the listing of the holdings firm, which was formed in 2005, augurs well for the thrust of its two local companies—Advanced World Systems, Inc. and Advanced World Solutions, Inc.—to be a strategic research partners of global organizations.
He said that with this development, the delivery centers in the Philippines expect a boost in terms of being able to acquire more talented software engineers, better training, investment in technology-based solutions, among others.
“Global IT Excellence is the basic principle upon which AWS is built, and it will continue as it expands globally with focus on the United States and other English speaking-markets, and to create new business lines in the areas of health care, finance, mobile, and testing,” Konishi enthused.
He also expressed optimism that this will also impact positively on the country’s IT industry which is estimated to be at US$25B, and grows at about 10 percent annually.
AWS was established in 1993 as APTi-Philippines, Inc., a subsidiary of APTi-Japan and an offshore research and development arm of a joint venture of Japanese IT giants IBM Japan and Toshiba TEC.
Due to changes of ownership of the mother company, it was separated and ventured out to serve Japan clients from the Philippines through a project office in Tokyo.
It offers software solutions in the test and process automation, data analytics and mobile marketing, and software development and testing service to the Japan market in the areas of finance, manufacturing and retail.
Its areas of expertise include business applications for finance, manufacturing, retail and distribution; customized application development; social, mobile, analytics, cloud (SMAC) services, and Internet of Things (IoT).
In its 23 years of operating in the Philippines, Japan, and China, AWS has become the strategic partner of blue chip companies like IBM Japan, Ltd., Lenovo, Kyocera, Sumitomo Heavy Industries, and Toshiba-TEC Corp.
Considered the most successful offshore IT outsourcing providers to Japanese technology companies, it is among the first local firms to be accredited with ISO9001:2000 by Bureau Veritas, an international accreditation institution.
For more information on AWS, visit www.awsys-i.com