Red Hat Inc., an American multinational software company, is looking to establish a subsidiary in the Philippines as it sees growing adoption of open source solutions especially in financial sector. The company considered the maturity of the market, level of penetration, and potential that they have in that market and other software factors, which they saw positively here in Philippines.
“Right now, we support our customers in the Philippines through our partners, but setting up a subsidiary here is a consideration,” Red Hat Senior Director and General Manager for ASEAN Damien Wong told a media briefing yesterday at Solaire Resort and Casino in Parañaque City. “Our preferred approach is to set up subsidiaries in markets where we want to grow our presence in. We don’t take expansion lightly.”
Red Hat is targeting to strengthen its hold on corporate clients, especially mid-market companies, in the telecommunications, banks, transportation, manufacturing and service sectors, as well as government agencies. The company just established units in Malaysia and Indonesia in 2015 and 2014, respectively.
