Global Gateway Venture Capital (G2VC), a venture capital fund based in the US and the Philippines and a leading proponent of open source in Asia, announced its strategic investment made by Services Globalization through Tholons Capital.
This signifies Tholons Capital's entry in the G2VC fund as a strategic investor where both companies shall undertake knowledge-sharing and a global growth strategy among its affiliated business units.
G2VC operates Morph Labs, a leading Platform-as-a-Service provider based in Cebu that delivers a scalable on-demand platform for running Web applications and offers hosted applications on its own platform via Morph eXchange, and Exist, a comprehensive software engineering firm that enables innovative businesses with world-class software development infrastructure, talent, and delivery platform.
"We believe that G2VC portfolio companies - Morph Labs and Exist - are at the forefront of innovation in their respective markets. Their disruptive technologies and business models are already changing the way that businesses and individuals operate worldwide," says Avinash Vashishta, Managing Director and CEO of Tholons Capital.
"We are very excited with the strategic partnership with Tholons Capital," says Martin Lichauco, Managing Partner of G2VC. "Their team's expertise and thought leadership in Services Globalization will be invaluable in helping the G2VC portfolio of companies establish themselves as innovation leaders in the open source, software development, and cloud computing in the global arena."
G2VC is a US-based venture capital firm who has set its sights on funding Philippine-based emerging software technology start-ups that leverage human capital to address global demand for high growth technology sectors in the Software-as-a-Service (SaaS), Open Source, and Services Globalization industries.
Tholons Capital on the other hand is an Investment and M&A Advisory firm focused on the Information Technology and Business Services space that has participated in deals worth over $6.3 Billion.
In 2007, G2VC has opened a Morph Open Office Center facility at Asia Town IT Park, put Cebu as the brain center for sophisticated software innovations, as it takes advantage the highly skilled software programmers and engineers in the province. —Ehda M. Dagooc