Thailands Leading IT Distributor Changes its Company Name from The Value Systems Co., Ltd. to VST ECS (Thailand) Co., Ltd.

Information Technology Press Releases Tuesday November 29, 2016 12:10
Bangkok--29 Nov--The Value Systems
The Value Systems Co., Ltd. announced the change of its company name from The Value Systems Co., Ltd. to VST ECS (Thailand) Co., Ltd. The change in company name took effect on November 21st, 2016.

The change in company name has no impact on business operations. VST ECS (Thailand)'s head office, location of its offices and branches, organization structure, key executives and core businesses remain unchanged. The continuity and stability of VST ECS (Thailand)'s operations and partner commitments remain status quo. It will be business as usual, with respect to operations and engagement.

Said Mr Narong Intanate, Executive Chairman of VST ECS (Thailand),"The change of company name signifies our resolve to be the leading IT distributor in Thailand and the Asia Pacific region. This is in line with our 3 core business strategies - 1) to be the preferred supplier of choice for ICT products and value added service by building strong customer relationships, 2) to sustain entrepreneurial growth by seeking new markets and businesses and 3) to bring the best-of-breed ICT products and services to enhance the competitiveness of customers' businesses."

"The Value Systems is a well-recognized name in Thailand's IT Industry. Since its inception 29 years ago, it has grown from strength-to-strength and is known for its trust, reliability and commitment to customers and partners alike in the Thai business community", added Mr Narong.

VST ECS (Thailand) is constantly improving and evolving with the changing business and technological landscape. In 1998, VST ECS (Thailand) merged with then SGX-listed ECS Holdings Limited in Singapore to reinforce its capability to compete with multinational IT providers in Asia. The company logo was also changed to ECS' logo with retention of the original company name. The VST ECS Group is now the leading IT products and solution provider in the Asia Pacific region with a presence in 9 countries - China, Thailand, Malaysia, Singapore, Indonesia, the Philippines, Myanmar, Laos and Cambodia.

The success of the ECS Group was watched by keen-eyed investors. HKex-listed VST Holdings Limited, the world's largest IT component distributor bought 100% of ECS' shares to leverage on ECS' extensive network to expand its footprint and business from components to IT systems distribution.

In its recent corporate re-branding exercise, VST Holdings Limited refreshed its logo to incorporate elements of both the VST and ECS logos. The new logo symbolizes the combined strength of the two major IT Groups in the Asia Pacific region – the VST Group and the ECS Group.

The rationale for the change in company name is to synchronize with the parent company's strategic direction and policy. It signifies synergy within the group. "With the change in company name, it is envisioned that our standing in the international business community will be enhanced. Notwithstanding the company name change, we will always remain committed to our business partners and customers to deliver quality products and services," added Mr Narong.

VST ECS (Thailand) Co., Ltd. is located at 22nd Floor, Serm-Mit Tower, 159/36 Sukhumvit 21 Road (Asok), Khlong Toei Nuea, Vadhana, Bangkok 10110. For more information please visit: www.vstecs.co.th

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