Globe confirms Cascadeo’s takeover has been completed
Globe Telecom, Inc. formally completed the purchase of Cascadeo, a US-based cloud-managed service provider, said Ayala-led telecommunications firm Friday.
“Collaboration between the two tech-driven businesses launched in 2019, with a purchasing deal reached earlier this year. The relationship has now completely transitioned, with Globe making substantial investments in the leading cloud-managed service provider,” said Globe in an e-mailed message.
The two organizations collaborated together to support companies stay successful” in a pandemic situation, Globe said.
In April, the listed telco revealed it had reached an agreement to purchase substantially all Cascadeo Corp. and Cascadeo Partners’ properties for $4 million (P200 million). The partnership seeks to promote the growth of the company’s ICT capabilities and applications and provide its consumers with a comprehensive range of cloud-native goods and services, Globe said.
Established in 2006, Cascadeo focuses on automation, cloud-native framework, data analytics, serverless computing, and programmatic security.
The Seattle, Washington-based organization frequently offers technical advisory services.
Cascadeo also runs a Cloud Operations Centre of Excellence in Manila, representing its US and Philippine clients.
“After the quarantine, several businesses had trouble adjusting to the abrupt transition to online platforms owing to their dependence on obsolete IT technology and operations,” said Jared Reimer, Cascadeo’s founder.
“Our relationship with Globe tells us in the Philippines that cloud is much more than a virtual storage facility. It’s an advancement enabler, retaining device uptime, and scaling digital capital to satisfy demand in any capacity,” he added that Cascadeo still continues to grow in North America.