Philippines’ IT distribution giant Wordtext Systems, Inc. Group (WSI Group) has announced today that it has backed tech skills learning platform CloudSwyft. The undisclosed amount raised will be used for supporting the market expansion plan across the Asia Pacific.
CloudSwyft uses an IT-Labs-as-a-Service approach that helps companies create and manage IT training and assessments, so far the company has managed to generate its revenue through platform subscription and certificate vouchers.
The platform offers the verified certification in the IT industry for students or employees. Names like Microsoft back it up.
The company was founded in 2015 by Dann Angelo De Guzman and in the past had raised US$736,000 from Future Now Ventures, an Australia-and-Philippines-based venture capital firm in 2015 and 2016.
“The partnership with Microsoft helped us kick-start significant traction bundling our platform with hundreds of learning content in Data Science, AI and other modern technology skills. We were able to bring CloudSwyft into Singapore, Malaysia, Indonesia, Thailand and of course, the Philippines. We have been focusing on bringing results. Now, this is where we are heading and we are just getting started,” said De Guzman said on their Asia Pacific expansion plan after raising the funding.
Beside closing an investment deal with WSI Group, CloudSwyft has also locked in a major partnership with IBPAP (IT Business Process Association of the Philippines) to capture and channel through hundreds of ITO and BPO companies in the Philippines to support the upskilling and reskilling talent of their workforce.