Multisys Technologies Corporation

2020

Asia's Leading SMEs

Multisys Technologies Corporation

Asia's Leading SMEs

2020

WORDS FROM THE JURY PANEL

Quite a tale of perseverance and gumption, MultiSys and its founder make for an inspiring story of aspiration, guts and proper corporate governance which is committed to changing the lives it touches. 10 years from now, MultiSys sees itself as a major global IT player. They have been ramping up their expansion efforts locally as well as abroad, in their dream to become the Silicon Valley of the East.

about Multisys Technologies Corporation

Programmed For Success

The rise and rise of MultiSys.

If you stood at 14 Mt. Olives St. in Paranaque City, you would see a huge compound comprised of buildings made of fine glasses and stones, surrounded by Marvel superheroes collectibles. This is the MultiSys Smart Community, the 1.5-hectare headquarters of MultiSys Technologies Corporation (MultiSys). Inside it, their full-stack programmers developers work hard to solve their clients’ programming problems. Inside it, they sleep after a hard day’s work. And inside it, they have their lunchesmeals and spa, which are provided for free by the company. Yes, there really is such thing as a free lunch free meals and spa here.

Many years ago, David Almirol, Jr. worked several odd jobs as a janitor abroad, as an overseas Filipino worker—even once as a janitor— despite having earned a Computer Science degree. He worked his way to managing the electronics at a US Military Camp in Fallujah, Iraq. He became the ‘knowledge base’ for the programmers there, and eventually was promoted to resident programmer. Using the money he had saved, he eventually returned to the Philippines to start freelance programming and run a computer retailing company, which, still, turned out to be a mistake. He once again sought employment overseas, but the paperwork took longer than he anticipated. So he took freelance programming projects for the meantime, and tThat was the start of MultiSys, with Almirol as its founder and CEO.

In 2018, the MultiSys Smart Community was opened. Through the glass, you could see employees exercising in the in-house gym, and the many life-sized Avenger Marvel figures and Iron Man suits. PLDT Global Investments Holdings, Inc (PGIH) had invested 2.15 billion Philippine pesos for a 45 percent stake in MultiSys. PGIH is a wholly-owned subsidiary of the Philippines Long Distance Telephone Inc, better known as PLDT. With this strategic move, PLDT had core software development capabilities, electronic payment and digital financial services under its wing.

Last year, 2019, was a phenomenal year for MultiSys. Revenue increased 508394 percent to USD 15.419 million. Profits were up 1348 556 percent to USD 18.4 million. They were servicing more than 2000 clients from both the public and private sectors: Grab, GCash, Bayad Centre, the Villar Group, Robinsons Bank, RCBC and Cignal, among others. MultiSys won many awards: Technology Company of the Year 2019 (Asia CEO Awards), Circle of Excellence 2019 (Asia CEO Awards), Top 10 Multi-Factor Authentication APAC 2019 (Enterprise Security Magazine), Best Innovative Business Management Software Solutions Company (16th Q Asia National Product Quality Excellence Awards 2019) , Top Choice Quality Software Company 2019 (Philippine Top Choice Awards), and Premier Software Solutions Company (Elite Business and Leadership Awards 2019).

MultiSys is seeking a greater digital transformation for the Philippines, and plan to be behind the design, development and implementation of it. The corporation wants to createcontinuously creates smart governments, smart LGUs (Local Government Units), smart communities, smart enterprises, smart billing and smart technologies. All of these synergize to make doing business easier.

MultiSys has, over the years, developed 20 ready-to-use software and technologiesplatforms and solutions, which it readily offers to clients, partners and even other software solution providers. Some of these include Big Data Analytics (links big data from different sources for monitoring and reporting), BioMat (simplifies biometric capture and matching), HealthBox (hospital and medical use), and SchoolBox (school curriculum, payment and management all-in-one portal). Also, they are helping about 45 million Filipinos with its MultiSys E-commerce platform (MECOM).

CSR initiative-wise, MultiSys supporteds FinTech Alliance Philippines and Philippine Computer Society for their digitalization efforts. They also hold an annual ‘hackathon’ to showcase the Filipino community’s talent, called “Clash of Codes. Starting this year, MultiSys will extend support to Filipino startups and organize a convention to showcase those who have developed homegrown technologies. MultiSys also currently supports 400 scholars from primary and secondary schools, which are mostly located in Isabela province. They aim to increase this number to 1000 by the end of this year. MultiSys also sends relief and support to disaster areas, the most recent being the communities affected by the eruption of Taal Volcano. Moreover, MultiSys is the developer behind StaySafe.ph, the Philippines’ official COVID-19 contact tracing, health condition reporting, and social distancing platform, which it donated to the government.

“Quite a tale of perseverance and gumption, MultiSys and its founder make for an inspiring story of aspiration, guts and proper corporate governance which is committed to changing the lives it touches. 10 years from now, MultiSys sees itself as a major global IT player. They have been ramping up their expansion efforts locally as well as abroad, in their dream to become the Silicon Valley of the East”.

Shanggari Balakrishnan, Chief Executive Officer, MORS Group

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