Exist: Invest in Product Development to Sustain ITO

Exist: Invest in Product Development to Sustain ITO

Exist: Invest in Product Development to Sustain ITO 150 150 Exist Software Labs Inc.

CEBU CITY, June 27, 2012 — Cebu software development firms should put more money and attention to creating intellectual property to outpace competition and grow revenues in the face of hiring and retention challenges.

Jerry Rapes, CEO of Exist Software Labs, a software development outsourcing company with office in Cebu, explained that this strategy is in line with the recommendation of international research firm Tholons to go beyond dependence on wage arbitrage and move up the ‘outsourcing’ value chain.

Cebu’s information technology outsourcing (ITO) sector, albeit dwarfed by its business process outsourcing (BPO) counterpart, is gaining significant traction in the global market,” Jerry said. “However, we cannot scale as easily and quickly even if we had the resources.”

The sure-fire way to realize a sustainable ITO industry,” said Jerry, “is to start creating IP.” Jerry reported that Exist is developing a clinical practice management and electronic medical record (EMR) system in line with the company’s strategic agenda.

The healthcare market is recession-proof,” remarked Jerry. “We’re taking advantage of this opportunity and our experience in developing solutions for the healthcare industry and delivering enterprise software for the global market to grow beyond the pure services play.”

Exist, a Java and Ruby on Rails software services provider with an employee base of almost 180 in the Philippines, 60 of which are based in Cebu, aims to hire more people to support its product development initiatives. Jerry said that Exist is planning for growth in its Cebu IT Park office.

Today, Jerry will highlight more of these real-world stories, key trends, and opportunities in a panel entitled, “The Booming ITO Sector of Cebu” at the 2012 Cebu ICT and BPO Conference, organized by the Cebu Chamber of Commerce and Industry (CCCI). Joining Jerry in the panel will be Carlo Montoya of NEC, Darwin Soriano of Accenture, Juuso Tammilehto of Tieto, and Robert Cheng of Alliance.

As a company, Exist shares the same vision with CCCI on growing the IT community and cultivating best business practices on matters related to Cebu’s IT industry development. Jerry, head of CCCI’s ICT committee — leading the efforts to making Cebu a premier ICT hub in Southeast Asia, said that, “Cebu has a lot of potential. Its central location is an advantage and its community is brimming with great technical talent.”

Exist is again delighted to participate in Cebu’s biggest most comprehensive ICT and BPO conference,” shared Jerry. “I am also excited to be joining forces with the roster of planners, policy makers, and industry leaders of CCCI in making IT-BPO the engine of Cebu’s economic growth,” said Jerry.

For more information on the conference, visithttp://cebuictandbpo.com.

Stay tuned to the real-time updates on the Cebu ICT BPO conference via Exist’s Twitter: @existglobal.

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