Globe Telecom, Inc. has entered into an agreement to acquire substantially all of the assets of US-based Cloud Consulting Companies, Cascadeo Corporation and Cascadeo Partners (referred to as Cascadeo) for USD 4 million. Globe shall incorporate new entities through which the acquisition will be made. As part of the transaction, Globe, along with Cascadeo, will make follow up investments into the entities for growth capital to fund the company's expansion strategies. Full execution of the agreement is targeted in the next few months following completion of regulatory approvals. This investment echoes Globe's trust to build a robust ICT portfolio and deliver tools and solutions that propel businesses to stay competitive towards the digital future. Globe's vast resource pool and extensive reach in the Philippine market together with Cascadeo's specialized expertise in cloud-based products and services bring forth synergies, which will be passed on to the Philippine and US enterprise clients through an upgraded cloud-based product and service offering.