Advertiser Staff
A small financial-services software development company with roots in the Philippines said this week it has moved to Honolulu to be at the crossroads of Asia-Pacific information technology.
Infoserve International Inc. will operate from offices in the First Interstate Building on South King Street, as the company led by former IBM executives markets its software to clients in Southeast Asia, Latin America and the U.S. Mainland, said spokesman Ray Sweeney.
George Lissandrello, the company’s president and chief operations officer, said he had steered Infoserve to Honolulu to join a growing base of information technology companies operating from the Islands, and to benefit from the strategic location here for worldwide telecommunications services.
The company, which has five Hawai‘i employees, has formed an alliance with Pacific Business Services, a Hawai‘i-based systems integrator.
The company plans to hire 10 more workers by the end of the year, Sweeney said.
Infoserve plans to introduce its services here to coincide with the May 7-11 annual meeting of the Asian Development Bank, which will draw some of the region’s largest business and banking firms.
Infoserve began nearly 20 years ago in the Philippines, relying on the country’s relatively low-cost software industry. Today it serves seven major banking firms in the Philippines and their nearly 800 branch offices, Sweeney said. Recently, the company also has expanded into Indonesia, serving 60 branches.
A group of U.S. investors bought Infoserve in December, intending to extend business worldwide, Sweeney said.
Lissandrello, who helped assemble the deal, has been part of previous high-tech ventures here and was part of IBM’s pioneering work in the computer and telecommunications industries.
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