Xurpas, Holcim ink tech platform deal in PH

From left are Holcim Philippines marketing head Ann Claire Ramirez-Tecson, Xurpas Inc chief operating officer Raymond Racaza, and Holcim vice president William Sumalinog.

Eager to boost its network of retailers, cement maker Holcim Philippines Inc has signed a six-month enterprise deal with local listed consumer-technology company Xurpas Inc.

According to the agreement with Xurpas, Holcim will be able to conduct mobile marketing promotions through the tech firm’s 2G platform.

The size of the deal, however, was not disclosed.

“By tapping Xurpas’ mobile technology platform, we will be able to communicate and deliver rewards to the best performing dealers whether they are in Luzon or Visayas. Keeping this network strong and well-incentivised is one of the reasons why we have been very successful locally,” says Holcim vice president for commercial William Sumalinog.

As one the the leading cement companies in the Philippines, Holcim has plant operations in La Union, Bulacan, Davao and Lugait in Misamis Oriental in the country that supply an extensive network of authorized dealers and retailers, as well as direct clients.

Holcim’s subsidiaries are Holcim Philippines Manufacturing Corporation, Holcim Mining and Development Corporation, Excel Concrete Logistics Inc, and Mabini Grinding Mill Corporation.

Although its net income dropped 10 per cent to P1.5 billion in the first quarter of 2015 compared to last year, Holcim Philippines reported an increase in sales by 6.6 per cent to P8.6 billion. The company attributed the decrease in net income to higher costs from imported clinker.

As for Xurpas, it registered 27 per cent increase in net income in the first quarter this year to P59.2 million. It also boosted its revenues to P132.23 million or 52 per cent higher in the same period compared to last year, attributing all these in the performance of its mobile consumer and mobile enterprise businesses.

Only last Monday, Xurpas invested almost $1 million in US-based startup Quick.ly that is focused on “reinventing search”. The latter serves as the fifth company that the first Philippine listed startup has invested in since its initial public offering six months ago.

Xurpas’ last trading price went down by 2.26 per cent or P0.240 to close at P10.38.

Holcim’s trading price, however, remained at P14.42 since yesterday.

Also read:

PH based Xurpas invests $1m in US tech startup Quick.ly

PH co Xurpas acquires Altitude Games for $740k

Xurpas invests $1.4m for 31.5% stake in Singapore’s MatchMe

Xurpas acquires Indonesian tech firm SDI

PH startup Xurpas acquires second tech firm Storm Flex Sys for $4.3m

Lafarge-Holcim merger: No immediate bearing on Malaysian business

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.