In 1997, just one year after graduating from university, engineers Michael Cosiquien and Edgar Saavedra founded Megawide, which at the time, was a mid-sized construction firm in Quezon City. But by 2004, through their leadership, Megawide grew to incorporate assets in engineering, procurement, construction, airport infrastructure, and transport-oriented development. It would eventually score building projects for the SM Group.

By 2011, Megawide went public with an initial public offering (IPO) that managed to raise PHP2.3 billion for the company. This allowed it to expand into government projects as well, making it an important public-private partnership for infrastructure across the country.

Though Cosiquien built and led the company throughout those formative years, he resigned in 2018 to focus on other ventures. Cosiquien now chairs ISOC Holdings, Inc., which has interests in real estate, energy, infrastructure, and the cold storage business. Despite the pandemic, ISOC has continued to launch commercial and residential developments, and in 2020, even expressed openness to go public through an IPO or a real estate investment trust.