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News » Philippine tech firm EasyCall sells ePerformax BPO stake

Philippine tech firm EasyCall sells ePerformax BPO stake

Photo from EasyCall

MANILA, PHILIPPINES — EasyCall Communications Philippines Inc., a tech provider listed on the Philippine Stock Exchange, has announced the sale of its 3.8% stake in ePerformax International Inc. to affiliate company TDG Ventures Inc. (TVI) for PHP44.93 million (US$762,000).

Strategic BPO divestment

The selling price, PHP2.03 (US$0.034) per share, is above the initial acquisition cost of PHP19.2 million (US$325,000), reflecting an investment gain.

The deal stipulates that 25% of the proceeds will be received immediately upon execution, with the remaining balance to be paid by June 30, 2025. 

Established in 2002, ePerformax operates as a major BPO provider with facilities in Manila, Cebu, and Roxas City, Philippines. The company serves global clients, including PayPal, T-Mobile, and eBay, with an estimated annual revenue of $577.9 million and a workforce of 3,882 employees. The company specializes in omnichannel customer support, content moderation, and back-office services.

Meanwhile, EasyCall, focusing on managed technology services and data connectivity solutions, sees this divestment as a move to concentrate on its core operations. The company’s recent financial performance shows a net income of PHP3.17 million (US$54,000) in the first nine months of 2024.

Corporate strategy shift

The transaction strengthens TDG Ventures’ position in ePI, increasing its ownership from 44.86% to 48.66%. TDG Ventures currently holds an 82.65% stake in EasyCall, while EasyCall maintains an 11.76% interest in TDG Ventures.

“The decision of EasyCall to sell its ePerformax shares to TVI is part of its strategic direction to prioritize its core operating business areas,” stated EasyCall, adding that the proceeds will support future expansion plans and core strategic operations.

The market responded positively to the announcement, with EasyCall’s shares rising by 11 centavos or 4.42% to PHP2.60 (US$0.044) per share.

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