Xurpas Inc., a Philippine-listed technology company that specializes in making digital products and services for mobile-end users, said its board on Friday approved the establishment of a wholly owned subsidiary that will market its products and services in Australia.
It said that in setting up the sales unit, the company intends to tap a technology market 10 times larger than that of the Philippines.
“This is an opportunity that Xurpas has not previously tapped,” the company said.
Financial details of the plan were not disclosed.
Xurpas will offer a range of information technology services that range from staff augmentation and managed services to bespoke software development.
Over the past year, Xurpas shares have traded within a range of P0.245 and P0.46, way below its record high of nearly P18.
