Here's a success story of a Filipino open-source company worth emulating. Read this article by Inquirer's Erwin Lemuel Oliva for the story of the company's rise to success, and then this entry by the company's founder himself, Winston Damarillo, about the company, Exist Global, being awarded the Red Herring 100 Asia award.

Recently it also earned the ZDNet Asia Top 10 TechnoVisionaries Award for 2006.