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MFEC to transform itself to better serve S-curve industries 

May 16. 2019
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The IT services company MFEC expects to generate double-digit revenue growth by the end of this year. The firm will also expand its business to support S-curve industries.


Siriwat Vongjarukorn, the chief executive officer at MFEC Public Co Ltd, said the firm is this year has planning to expand and transform its business into new S-curve businesses, including blockchain, artificial intelligence (AI), machine learning (ML), cybersecurity, internet of thing (IoT) and cloud computing technologies.

“Formerly, MFEC did its business in terms of a system integrator, focusing on hardware. This year, we are transforming our business through digital transformation and will invest in startups, so that we can utilise disruptive technology to support market demand in the digital era,” said Siriwat.

The firm has meanwhile also launched the Ex Academy in order to provide a collaborative and  knowledge-sharing platform that gathers IT and business experts from various industries to share their technology, knowledge, know-how and ideas to help business catch up with digital disruption in Thailand.

“MFEC conceived the idea to set up the Ex Academy, allowing IT gurus to share their technological knowledge in various fields, including management tips and techniques, so that it could help businesses enhance their potential and capabilities through innovative approaches and catch up with changing technology landscapes,” said Siriwat. 

The Ex Academy targets three main groups – professionals, who want to upgrade their skills to cater to transformation, students who want to get equipped with digital skills and businesses that need to boost their competitiveness by leveraging technology, he said. Ex Academy will host a wide range of activities including short courses, and executive courses using forums, workshops and talk shows.

In the first step, the firm will also provide cybersecurity, system engineering and Ex Academy data related to the data platform and data analytics.

He said that the firm by the end of this year expected to generate double-digit revenue growth with revenues exceeding Bt3 billion.


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