The Value Systems spins off ICT Services business to incorporate new joint venture company “vServePlus Co., Ltd.” effective 1 September 2016

The Value Systems Co., Ltd., a member of VST ECS Group, one of leading IT distributor in Thailand, has spun off its ICT Services business to incorporate a new joint venture company with Vintcom Technology PCL. at 49:51 shareholding. A new service company name is ‘vServePlus Co., Ltd.’, who aim to be the leading domestic and international ICT services provider, with effect from 1 September 2016.

Mr Narong Intanate, Executive Chairman, remarks the reasons why The Value Systems has to spin off its ICT Services business to be a new company that, “During the past 30 years, The Value Systems has focused on being an IT distributor starting from selling IT components, devices, until enterprise products. ICT services had taken a role as a supportive team of Sales Division all the times. A major reason of this spin off is a high potential growth of ICT service business year-by-year. Now, our main customers are not only the large organizations but also small and medium enterprises as well as individual consumers who consider a smart device as one of the necessities for living. They cannot live without it. Whenever it is out-of-order, it must be repaired immediately. As same as many large organizations who place important on an up-to-date IT solutions which much more complicate such as Big Data Technology and Internet of Things, because they want to well-manage their huge data and control risk of their IT infrastructure system.”

“There is not a really ICT service provider in Thailand which clearly provides services from component level to enterprise level now. I see a potential of growth in this business, so decided to incorporate a new service company named “vServePlus”, Narong said.

vServePlus has been established with a registered capital of 40 million baht, a joint venture between Vintcom Technology PCL., a member of Vnet Capital Group, holds 51% and The Value Systems Co., Ltd. holds 49% shareholding.

“vServePlus is counted as an associated company of The Value Systems. Total 164 staffs have been transferred from the Company to vServePlus, effective 1 September 2016 onward.”

“From now on, The Value Systems will focus on selling IT products and further strengthened itself for the higher competition. We will expand our market share not only in Thailand, but into CLM countries also. Although our income will be decreased for 3%-4%, it, however, will not affect to the company. In fact, as we hold 49% shareholding of vServePlus, we will still definitely get a benefit from this business. As for vServePlus, it must not wait for job assignment from us only, but has to expand a new customer both in Thailand and CLM countries. If vServePlus succeeds, we will also gain more benefits.” Narong said.

Vintcom Technology PCL. is an authorized distributor of Oracle Enterprise in Thailand and a member of Vnet Capital Group that Mr Narong Intanate is the major shareholder. He said as the Chairman of Vintcom that, “vServePlus will strengthen Vintcom by generating more income from other business other than products selling. Though vServePlus is a new company, but it can make profit and generate income immediately because of the continually growth of service business. During the last 3 years, ICT services business had grown about 16%-18%. It was higher than IT business that had grown less than 10%. Previously, The Value Systems’ incomes from services business was about 500 million baht. We ensure that income of vServePlus in these 5 years will be able to reach 700 million baht”, Narong said.

Mrs Songsri Srirungroungjit, Managing Director of Vintcom Technology PCL. said, “Now, Vintcom is preparing for filing to get an approval from Securities and Exchange Commission to be a listed company in The Market for Alternative Investment (mai). Our joint venture with The Value Systems to expand our business this time will strengthen Vintcom. We are sure that in the next 3 years, our overall income will reach 2,000 million baht, whereas this year we expect revenue at 1,200 million baht.

vServePlus is scheduled to officially operate on 1 September 2016, led by Mr Narong Intanate as an Executive Chairman and Mr Supakiet Tantrakul as a Managing Director. There are four categories of services business as follows:

1. Install-based Business: dealing with Maintenance Agreement’s customers to renew their service contract (hardware, software, and subscription) that directly support by supplier.
2. Professional Service: dealing with enterprise products’ customers in terms of installation, implementation, consultation for large and up-to-date but complex solutions such as Security on Cloud, Security as a Service, Back-up System as a Service, and Technology on Internet & Virtualization including Cloud Services such as Infrastructure as a Service (Iaas)
3. Service Center and Logistic Management: providing Nationwide Services throughout Thailand including headquarters in Bangkok (Rom Klao) and 10 service centers located in Bangkok (5th Floor, Pantip Plaza), Chiang Mai, Phitsanulok, Khon Kaen, Nakhon Ratchasima, Surat Thani, Phuket, Hat Yai, Rayong, and Nong Khai, plus Asus and Lenovo service centers located at 2nd, 3rd and 4th Floor of Fortune Town Building, which operated by vServePlus.
4. Service Business Operation: responsible for Call Center of key vendors; Cisco, Buffalo, and D-link.

About The Value Systems

The Value Systems Co., Ltd. (TVS) was established in Thailand in 1988. TVS is a member of VST ECS Group, both of which are leading ICT distributors in the Asia Pacific region, accessing to a network of more than 25,050 channel partners across China, Thailand, Malaysia, Singapore, Indonesia, the Philippines, Cambodia, Myanmar and Laos. The VST Group is listed on the Hong Kong Stock Exchange (0856.HK).

TVS provides a comprehensive range of IT products through its two core businesses – Enterprise Systems and Distribution. It represents leading-edge products more than 40 brands. TVS has established the first subsidiary in Myanmar named ‘ECS Value Myanmar Services Co., Ltd.’ since April, 2014 and in Cambodia named “ECS Value (Cambodia) Co., Ltd.” since May, 2015 to focus on IT enterprise business.

TVS has a strong intention to reinforce an imagination and love reading habit to Thai children by building a beautiful academic and fairy tale library for an elementary school in upcountry through CSR activity calls ‘Fairy Tale Library Project’ since 2007 till now.

For more information, please visit www.value.co.th

For more information, please contact Public Relations Department of The Value Systems Co., Ltd. at +66 2661 6666, +66 2261 2900 ext. 1133 or email: This email address is being protected from spambots. You need JavaScript enabled to view it.

31 August 2016