By Zinnia B. Dela Peña
The Philippine Star 05/05/2007
Listed information technology and gaming company IPVG Corp. posted a net income of P102.14 million last year – more than double its profit in 2005 – driven by the strong performance of its online computer games and facilities outsourcing businesses.
In a financial report filed with the Philippine Stock Exchange, IPVG said revenues jumped more than eight-fold to P242.7 million from only P29.84 million.
IPVG said the substantial increase was due to the commencement of commercial operations of E-Games and the full operations of IT subsidiary
IPVG has formed IP-Converge Data Center, IP-EGame Ventures Inc. and
IP-Converge provides a wide array of Internet data center services, transport and connectivity solutions, IT consultancy, and systems integration services at international standards. It operates the only truly carrier-neutral, international, telco-grade Internet data center facility in the
As the first and only Philippine-based provider with direct connectivity to the Hong Kong Internet eXchange (HKIX) via its Hong Kong PoP (point-of-presence), IP-Converge offers premium IP-transport and connectivity services to and within the Asia Pacific region. It is the preferred Philippine partner of international carriers PCCW Global and Asia Netcom due its network connections with major Philippine telecommunications providers.
Last March, IP-Converge signed an agreement with First Cagayan Leisure & Resorts Corp. to form a joint venture company, First Cagayan Converge Data Center, that will engage in the business of information technology such as IP communication, co-location, bandwidth, disaster recovery services, software development, Internet merchant payment processing and payment solution and other value-added services to the licensed locators of First Cagayan, as well as to Cagayan Economic Zone Authority.
To support its continued growth in 2007, IP-Converge is building another 300-square meter facility at the RCBC Plaza, which will be operational in the third quarter, to meet the growing demand from current and prospective clients.
IP-E Games, on the other hand, has secured licensing rights to locally publish various on-line games from Terra ICT in June 2005, and Ran Online from Goldsky/Feya Technologies in November 2005.
E-Games started commercial operations in March last year and now operates the top two online games in terms of number of subscribers in a market with explosive growth. Ran Online represents the top MMORPG (massively multiplayer online role playing game) in the country while O2Jam leads the MMO casual games market.
http://www.philstar.com/philstar/NEWS200705050702.htm
No comments:
Post a Comment