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Globalport 900, Inc. (PORT)

Globalport 900, Inc. (PORT), was originally incorporated in 1933 as Metropolitan Insurance Company to engage in the non-life insurance business, covering risks such as fire, fidelity and surety, motor car, marine and casualty, and personal accident. On February 15, 1999, the Board of Globalport 900, Inc. approved the change in its corporate name to MIC Holdings Corporation and the change in primary purpose from insurance to that of a holding company. The main thrust of Globalport 900, Inc. as a holding company is to look for potential investments that would enable it to adapt to the changing business environment. In 1999, Globalport 900, Inc. focused on looking for possible investments in the field of telecommunications as well as internet-related businesses.
In February 2001, Globalport 900, Inc. purchased the Uniform Resource Locator domain www.mapcentral.ph or MapCentral from Cybersoft Integrated Geoinformatics, Inc. Since then, it was able to leverage on its Philippine map database of roads, political boundaries up to the barangay level, establishments and landmarks from MapCentral to forge tie-ups with applications developers that needed geographic data to complete their location-based products and services. 

On December 2008, Globalport 900, Inc. entered into a purchase agreement with Cyan Management Corporation (Cyan) for the acquisition of its assets consisting of software and licenses at a purchase price of P40 million. The sale of the said software and licenses is intended to payoff a bulk of the liabilities of the Company and to generate income to put its equity by the end of the year in a positive position. The said software and licenses consists of a website with a registered domain name of mapcentral.ph that allows the assembly, visualization and diffusion of Philippine geographic data and the intellectual property rights on the site as well as on the software programs and applications.

On December 7, 2011, the Securities and Exchange Commission approved the change in corporate name of the Company to its present one and amended its primary purpose from that of a holding company to owning, investing, managing, operating, maintaining, and developing port facilities, including other maritime activities supportive of port operations and shipping.

Globalport 900, Inc. (PORT) Headquarters/Main Office:

Unit 2701 One Corporate Centre 
Meralco Ave., Pasig City

Telephone Number: 516-7888
- https://www.affordablecebu.com/
 

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"Globalport 900, Inc. (PORT)" was written by Mary under the Business category. It has been read 3402 times and generated 0 comments. The article was created on and updated on 04 April 2012.
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