Infor, a global provider of business application software, on Wednesday said the Philippines is a key growth area to increase its revenues by double-digit in Asia Pacific in the next three years.
"We found this an attractive place because it has the talent, the educational system, a growing business process outsourcing, particularly call centers, and it also has proximity to growing markets," CEO Charles Phillips told reporters in a briefing in Taguig City Wednesday.
Citing the Filipino talent and the Philippine relationship to emerging markets, Phillips said the company is banking on these factors to feed on its future business.
"We plan to grow on those as most innovation on our products that drove our global growth came from here," he said.
The company, with headquarters in New York, plans to deliver more than 300 new programs and 11,000 new features to give the programs the feel of a social networking interface.
Assessing Infor's prospects in relation to the Philippines, president for Asia-Pacific and Japan Tim Moylan noted business in the Southeast Asian nation is not the biggest for the company but is the fastest growing and has expanded in double-digits in the past quarters.
"Our plan for this market is quite bullish,” said Moylan. “We will leverage the knowledge we have here to grow our markets in the entire region. We plan to double our business revenues in the Asia-Pacific region over the next three years," he added.
"That's not just low double-digit, but high double-digit growth specifically for the Philippines," Moylan added.
The Philippines is Infor's core operation in the Asia-Pacific region as it comprises the biggest percentage of the company's total employees in the region. "Manila is 27 percent of Asia-Pacific region headcount,” said Phillips.
“In the last 12 months, we hired 250 people and now we're at 900," he said."Our operation in the Philippines is a key foundation of the company. With that, we are expanding here," he added.
Moylan said Infor targets to grow its Manila headcount to 1,000 by the end of the year, mainly to innovate.
"We plan to put more headcount to drive innovation globally. It's going to be significant for us because a lot of innovation is coming from here and it's going to drive our revenues," he said. — VS, GMA News