The Delgado family’s Transnational Diversified Group is consolidating its two technology units EasyCall Communications Philippines, Inc. and Transnational E-Business Solutions Inc. (TESI).
In a disclosure to the Philippine Stock Exchange, Easycall said it is set to acquire TESI, a technology company that specializes in software development, software as a service, and information technology outsourcing.
Plans for acquisition were unanimously approved by the Board of Directors during its meeting last Dec. 02. The sale transaction is scheduled to be completed by Jan. 2022.
EasyCall, which emerged as the market leader in paging in the 1990s, has since shifted its focus into becoming a data technology company, and is keen on expanding its service offerings in the digital space through the acquisition of TESI.
“We see synergy between EasyCall and TESI, having EasyCall directly own TESI, and we hope to expand our services to help businesses unlock their potential through digital transformation,” said ECP President Zaki Delgado.
He added that, “We are very optimistic that through this new development with TESI, we can build on our culture of innovation and provide the best digital solutions that address the needs of our customers.”
For 20 years, TESI has been assisting PH-based and international companies to innovate digitally and has over 100 technology professionals specializing in agile delivery and professional services, with vast experience in developing web and mobile applications.
TESI ensures solutions are built to scale and suited to the business needs of MSMEs to enterprise level corporations.
TESI is 50 percent owned by holding company Transnational Diversified Corporation and 50 percent by TDG Ventures, Inc., which is also the biggest shareholder of EasyCall at 88.03 percent.
Easycall said the acquisition of TESI is seen to “add to the overall business scale and capabilities of the ECP Group.”