G2VC honored at Asia CEO Awards

MANILA, Philippines - Global Gateway Venture Capital (G2VC), a venture capital firm with investments in high-technology start-ups in the Philippines, was recently selected as one of the finalists at the Asia CEO Awards 2010 for the Entrepreneurial Leadership Team of the Year category.

Representing the biggest alliance of global influential leaders, Asia CEO Awards recognizes teams and individuals who have demonstrated market-defining success, leadership, and extraordinary contributions in the region. Its elite panel of judges includes some of the most accomplished and recognized figures in the business community in the Philippines.

G2VC managing partner Martin Lichauco said: “We’re honored and we believe that this recognition reflects our continued commitment to provide Filipino tech start-ups opportunities for global success.”

“Our ability to identify and produce breakthrough, multi-awarded, and disruptive Philippine start-ups plays an intrinsic role in propelling the Philippines as a hotspot for emerging technology,” added Winston Damarillo, founding partner of G2VC.

This recognition follows G2VC’s recent portfolio achievements:

• Morphlabs, Inc. - Red Herring 100 Asia Winner,  Best Cloud Computing Product (mCloud Series) for Interop Las Vegas 2010,  Most Innovative Company Finalist in ICT 2010 and recently at UP2010 Cloud Awards

• Exist Global - Red Herring 100 Asia Winner, ZDNet Technovisionary, E-Services’ Most Progressive Software Development Company of the Year.

• MaestroDev - Maestro 3 for “15 Hot New Products To See At Interop NYC 2010”

Adding to the honors at the Asia CEO Awards, Morphlabs also garnered merit as one of Asia CEO’s Top five companies in Technology Leadership. Together with Exist Global, the two portfolio companies remain to be the exclusive winners from the Philippines of the Red Herring Asia award, which recognizes promising startups that will lead the next wave of disruption and innovation.

Given the calibre of the other nominees, G2VC has demonstrated once again how it has grown to become the leading innovator for hot market technology ideas, providing world-class talent and top-notch technologies to companies around the world. Global Gateway Investment Group (G2iG), its principal fund, has brought in the cream of the crop of the Philippine angel investor community.

G2VC’s portfolio companies are characterized as highly disruptive organizations leveraging on open source technologies. Exist Global is the Philippines’ pioneering open source software engineering firm with over 150 developers based in Manila and Cebu with key clients in Asia and North America. Morphlabs is a leading provider of integrated cloud computing infrastructure services for Managed Service Providers (MSPs) and the enterprise sector with key operations in Manila, Los Angeles and Tokyo. MaestroDev is a software tooling company with a build a test automation solution that is currently used by Fortune 500 companies.