IT One to expand regionally
- June 14, 2012
Published: 13/06/2012 at 07:51 AM
Bangkok Post / Newspaper section: Business
IT One is looking to expand its information technology (IT) services internationally to capitalise on the advent of the Asean Economic Community (AEC).
The company is a joint venture between Siam Cement, Thailand’s largest industrial conglomerate, and Accenture, a New York Stock Exchange-listed consulting company based in Dublin, Ireland.
Matthew Zavadi, chief executive of IT One, said the company is aiming to increase international revenue to more than 10% of total revenue. It is targeting IT infrastructure services and applications.
IT One plans to ally with SCG, which holds a 19% stake in the venture, to access international markets where the industrial conglomerate has a presence, he added.
The company hopes to provide IT infrastructure to Japanese customers expanding overseas. The health-care and real estate sectors are also focuses.
Mr Zavadi said the company aims to grow revenue from non-SCG customers to 50% over four years, up from 20%.
“We expect our revenue to grow by 20% this year, from 900 million baht last year,” he said.
Apichai Intakaew, director for corporate IT at Siam Cement Plc, said the company plans to make a major IT system upgrade to support its business expansion in the region.
A system upgrade on human resources management will also include support for multinational employees, he said.
Siam Cement normally spends around 1 billion baht on IT upgrades each year. The company has outsourced its major IT operations to IT One.
Mr Apichai said Siam Cement plans to spend 100 million baht this year to upgrade its data centre operations to support business continuity and cope with natural disasters and political crisis.
“We’re looking to build our third data centre for backup and disaster recovery over the next two years. Rayong and Saraburi provinces would be the target locations,” said Mr Apichai.
Siam Cement expects revenue to grow to 400 billion baht this year, up from 360 billion baht last year, he said.