Dennis Anthony Uy

Co-founder, CEO, Converge ICT Solutions

 

Converge’s strong IPO performance—the second largest in the Philippines’ bourse—marked co-founder Dennis Anthony Uy’s dramatic entry in the billionaires’ club

Through his company, Converge ICT Solutions, Dennis Anthony Uy entered ISP’s big boys' club as a fibre optics provider with greater speed and bandwidth, making him a hero to a nation of alpha net users.

In 1996, Uy started operating an ISP business out of his garage. Two decades later, in 2019, Converge embarked on an ambitious expansion backed by US$250 million in funding from US-based equity firm Warburg Pincus. By March 2021, Uy’s company has reached 7.1 million homes, inching closer to getting 55 per cent market share. Converge proceeded with its IPO to raise PHP29.1 billion, the second-largest in the local bourses. Shortly after, he and his wife, Maria Grace, who handles the company finances, casually walked to the billionaires’ club.

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