Software engineering firm Ascendion ramps up PH expansion
This photo taken on January 29, 2019 shows a general view of the skyline of the financial district of Makati City in Metro Manila. (File photo by Ted ALJIBE / AFP)
Software engineering firm Ascendion on Friday launched its new artificial intelligence (AI) studio in Makati City, marking its latest expansion in the country which it sees as a key location for its growing number of business hubs.
With its third physical office in the country, Ascendion chief executive officer Karthik Krishnamurthy said they aim to create 6,000 new jobs in the Philippines in the next three years, pushing the total of its local workforce to around 9,000.
“Our commitment to the Philippines has never been stronger. We are redefining how we serve clients and empower local talent with global capabilities,” Krishnamurthy said in a statement.
“We are creating a stronger, more agile organization that will deliver transformative growth for the Philippines,” he noted.
“Our focus is clear: Bring cutting-edge AI-powered platforms, leverage the Philippines to serve global clients, and create opportunities for engineers in the Philippines,” he added.
With the creation of thousand of new jobs, the company CEO said they will make an economic impact of at least $500 million in terms of job value.
Meanwhile, Ascendion Senior Vice President Manan Mehta, who head the company’s Asia Pacific operations, said they are currently working with over 50 locally headquartered companies.
These include firms from a wide range of industries, including banks, insurance, manufacturing, retail, aviation, logistics, energy and utilities.
“We feel that we have a great opportunity of bringing in the technology platforms that we’ve built, leveraging AI, bringing them in, turbo charging all the 3000 ascenders that we have in the Philippines as to how to leverage this technology, how to create the right use cases, [and] how to bring them to our clients,” he said.
On the sidelines of the launch event, Mehta told the Inquirer that they invested around $1.5 million for their latest office in the country.
He said that they will also be opening another office in Cebu in the coming months.
