There are 4 Companies in the Philippines
that provide Due Diligence Services!

The Philippines is gaining traction in terms of providing outsourcing services not only for customer support but also for tech services to different foreign businesses. What's promising about the Philippine IT industry is that it's still growing despite the economic and legislative challenges the country faces. 

According to Glassdoor, the average salary in the web industry in the Philippines is estimated to be around $265 - $957/mo, making the country one of the cheapest IT service providers in the region. Due to this factor, the Philippines is considered to be a good outsourcing opportunity for many international web agencies and IT companies. 

Why You Should Work With the Philippines' IT Companies

Most of the Philippines’ IT companies and web agencies provide services for a significantly lower price than you can find in any other country in the region. Another reason why Philippine IT companies are attractive is the local talent pool. In 2025, more than 1.3 million tech professionals were working in software development, data science (31% annual growth), AI, cybersecurity, and blockchain. This ensures a high productivity rate and helps small IT companies transform into medium and large competitors that ultimately reach the global market. 

What to Be Aware of When Working With Philippine IT Companies

The good production rate of IT companies from the Philippines is balanced by a sub-developed business culture and a lack of global-level IT specialists in most of the companies. The contrast becomes higher with an underdeveloped IT education system in the country, which makes the Philippines companies lower the price rate below the ASEAN average. 

How Reliable Are the Philippines' IT Companies

Considering the latest evolution of the IT sector in the country and the increasing number of foreign companies investing in the digital sector, Philippine companies have improved their reputation on the world level by implementing the minimum standards required by potential foreign clients, according to Rappler. 

With all these, not many IT companies managed to exit the internal IT market and create a well-known name on a global level. This is why Tech Behemoths recommends taking a closer look when selecting a potential partner for web, software, and mobile projects from the Philippines, as well as from any other country. 

Why Outsource Software Development to the Philippines?

Companies choose to outsource software development to the Philippines due to the multiple benefits it brings. It includes a high English proficiency that reduces communication limits, cultural compatibility due to their strong Western influences. Additionally, what makes the Philippines an attractive destination for Outsourcing is its cost-effectiveness, a rich talent pool, flexibility in time zone, strong work ethics, support from the government, tech-centered education, and rapid adoption of new technologies. 

How the Philippines' IT Industry Relates to the Neighboring Countries

The Philippines, alongside Malaysia, Thailand, Indonesia, and Vietnam, represents the Tiger Cub Economies that are following the same model of technology and economic development as the Four Asian Tigers, which consist of South Korea, Singapore, Taiwan, and Hong Kong.

With a lot of competitors in the region, like China, Japan, Singapore, and Indonesia, the Philippines still needs to progress to reach a quality competitive level in the region. On the other hand, cheap prices for web & IT products and services attract small and medium businesses to invest and cooperate with Philippine-based IT companies. 

Due diligence services are like thorough investigations that help businesses make informed decisions. They assess risks and opportunities when entering into partnerships, acquisitions, or other critical business transactions.

Many IT companies offer due diligence services, specializing in analyzing technology, data security, and compliance aspects of potential business ventures. Notable IT companies providing due diligence services include Deloitte, KPMG, and Ernst & Young (EY).

Due diligence service providers use a combination of tools and technologies to assess various aspects of a business. These may include data analytics platforms, cybersecurity tools, compliance management software, and financial modeling software. They also leverage document management systems and communication tools for efficient collaboration during due diligence processes.

Due diligence and audit services share similarities in their examination of the financial and operational aspects of a business. However, they differ in scope and purpose. Due diligence is typically conducted before entering into a business transaction to evaluate the potential risks and rewards. In contrast, audit services are often part of ongoing financial reporting and compliance requirements within a business.

Due diligence services are closely related to other advisory and consulting services, including:

• Financial Advisory: Providing financial insights and recommendations.

• Cybersecurity Assessment: Evaluating a company's cybersecurity posture.

• Mergers and Acquisitions (M&A) Consulting: Assisting in the strategic aspects of M&A transactions.

• Compliance Consulting: Ensuring adherence to industry regulations and standards.

Selecting the best IT company for due diligence services requires evaluating their expertise, industry knowledge, track record, and the comprehensiveness of their due diligence process. Seek providers who can tailor their services to your specific industry and transaction type.

Due diligence service providers are essential for various projects, including:

• Mergers and Acquisitions: Evaluating the financial health and potential risks of target companies.

• Investment Assessments: Analyzing potential investments in startups or new ventures.

• Partnership Agreements: Assessing the suitability and risks of partnering with another organization.

• Regulatory Compliance: Ensuring adherence to data protection and industry-specific regulations.

Conducting due diligence is essential for businesses of all sizes and industries. Some examples include private equity firms, which need to assess potential investments and portfolio companies; startups, which must evaluate the feasibility and risks of new business ventures; large corporations, which conduct due diligence on acquisitions and strategic partnerships; and financial institutions, who ensure compliance and risk management in lending and investments.

The cost of due diligence services can vary significantly based on the scope and complexity of the project. Factors such as the size of the target company, industry regulations, and the depth of analysis required influence the price. In the US, costs can range from a few thousand dollars to millions for complex M&A transactions. UK and Australian costs can be similar but may also vary depending on regional factors and the specific nature of the project. It's advisable to obtain quotes and assess the value provided by service providers before proceeding with due diligence.