Nico Jose "Nix" Nolledo stepped down as chairman after establishing the company in 2001 his resignation has taken effect last June 6, 2022, he will be replaced by Joey Gurango as the new chairman and CEO of the listed technology company. On December 14, 2022 Xurpas Inc.'s board of directors has given a green light and approved the incorporation of the wholly owned subsidiary under Philippine laws. The subsidiary will be called Xurpas Software Inc., or any other name as may be approved by Philippines Security and Exchange Commission upon filing of the requirements for company registration or incorporation. In early 2023 Xurpas is planning to establish a subsidiary in Australia, the company stated: "We intend to establish the Xurpas brand in Australia through a new subsidiary," Xurpas Inc. said. "Xurpas will offer a range of IT (information technology) services through the new subsidiary, ranging from staff augmentation and managed services, to bespoke software development, among others." In continued that with this decision, the company has the possibility to establish a sales presence in the Australian continent, allowing the company to offer its products and services in a market that is larger than the Philippine market. Corporate affairs Leadership Board of directors As of December, 2021 the board of directors of Xurpas includes: Nico Jose S. Nolledo (Advisor) Alexander D. Corpuz (Director, President, Chief Information Officer and Chief Finance Officer) Fernando Jude F. Garcia (Director, Treasurer and Chief Technology Officer) Mercedita S. Nolledo (Director) Wilfredo O. Racaza (Director) Jonathan Gerard A. Gurango (Independent Director) Imelda C. Tiongson (Independent Director) Bartolome S. Silayan, Jr (Independent Director Subsidiaries Xurpas lists of updated subsidiaries: Finances For the fiscal (and calendar) year 2021, Xurpas reported a net income and or loss of ₱(26.16) million. The annual revenue was ₱210.03 million, an increase of 21% over the previous fiscal year. Below is the lists of revenue, net income, loss and total assets up to the current year period. Ownership Lists of Xurpas updated top five largest ownership and statistics of shareholdings. References External links Official Website Xurpas Enterprise Website Software companies established in 2001 Companies listed on the Philippine Stock Exchange Business software companies Technology companies Technology companies of the Philippines Mobile software development