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MFEC Public Company Limited

Always Exceed Expectations

Vision
To become the best technology company
that unleashes employees’ full potential
to create and innovate solutions that uplift your digital life
Mission
To drive innovations that enhance people’s digital life
Vision
To become the best technology company
that unleashes employees’ full potential to create and innovate solutions that uplift your digital life
Mission
To drive innovations that enhance people’s digital life

History

MFEC Public Company Limited (MFEC) was established in 1997 and jointly invested by Modernform Integration Services Company Limited a joint venture of Modernform Group Public Company Limited, and a group of highly-experienced executives in the computer and technology field. In the first year of its business operations, MFEC faced Asian financial crisis, so-called Tom Yum Koong crisis affecting its profitability and business operation.

However, six (6) years after the establishment, MFEC, by its Executive Chairman and President Mr. Siriwat Vongjarukorn, was listed in the Stock Exchange of Thailand and has been categorized as a stock with an average dividend payment of 7.81% for 10 years, the highest in the communications sector. The company set its policy to grow together with its customers, concentrating on increasing value added to itself and its stakeholders.

Timeline

MFEC Public Company Limited (MFEC) was established on March 3, 1997MFEC Public Company Limited (MFEC) was established on March 3, 1997, a registered capital of 10 million baht, consisting of 1 ordinary shares at a par value of 10 baht. The company develops and implements network connectivity within the organization both in Bangkok and the provinces. This is the first development and introduction of Intranet in Thailand with the vision of the management in the business, the company has been appointed as a distributor of official products from leading companies around the world. ​

- Sun Microsystems, United States
It is the leader in the server computer for Internet for use in large organizations.

- Netscape Communication, United States
It is the originator of the development of the program for the Internet & E-commerce Software Server. Currently known as SUN ONE.

1997-2000

Since

MFEC Public Company Limited (MFEC) was established on March 3, 1997MFEC Public Company Limited (MFEC) was established on March 3, 1997, a registered capital of 10 million baht, consisting of 1 ordinary shares at a par value of 10 baht. The company develops and implements network connectivity within the organization both in Bangkok and the provinces. This is the first development and introduction of Intranet in Thailand with the vision of the management in the business, the company has been appointed as a distributor of official products from leading companies around the world. ​

- Sun Microsystems, United States
It is the leader in the server computer for Internet for use in large organizations.

- Netscape Communication, United States
It is the originator of the development of the program for the Internet & E-commerce Software Server. Currently known as SUN ONE.

2001-2002

Since

In order to increase the business expansion, the company increased its registered capital from 10 million baht divided into 2 ordinary shares with a par value of 10 baht.
The company has set up a consulting and development service center for information technology to expand the business consulting and information technology (IT Professional Services) and began serving as a business, as following;

– Launched Voice over Internet Protocol (VOIP) service, which will help customers reduce the cost of long distance telephone service is the first in Thailand.

– Providing Data Warehouse Services with the cooperation of Software Manufacturers, Ascential (which is now acquired by IBM), United States. And was appointed as a distributor in Thailand.

– Began to study the feasibility of developing the intellectual property as a source of significant revenue in the future.

In order to increase the business expansion, the company increased its registered capital from 10 million baht divided into 2 ordinary shares with a par value of 10 baht.
The company has set up a consulting and development service center for information technology to expand the business consulting and information technology (IT Professional Services) and began serving as a business, as following;

– Launched Voice over Internet Protocol (VOIP) service, which will help customers reduce the cost of long distance telephone service is the first in Thailand.

– Providing Data Warehouse Services with the cooperation of Software Manufacturers, Ascential (which is now acquired by IBM), United States. And was appointed as a distributor in Thailand.

– Began to study the feasibility of developing the intellectual property as a source of significant revenue in the future.

The company was transformed into the Public Company Limited on July 1, 2003 and opened its first trading day on October 8, 2003.

In May, The management foresees the growth of the company to enhance the capabilities and potential of the business further.

In June, to restructure the company’s shareholders. Modernform Integration Services Company Limited sold 68% of its total issued and paid-up shares to the Modernform Group Public Company Limited and other individual shareholders who are shareholders of the Modernform Integration Services Company Limited. As a result, Modernform Group Public Company Limited is the major shareholder of the company at that time, holding 31.6% of the issued and paid-up shares and the company sold its investment in ThaiTap Guide Company Limited to the Modernform Integration Services Company Limited.

2003

Since
On July 1, 2003, the company has been transformed into a Public Company Limited and open to the public on the Stock Exchange trading on October 8, 2003. The company has opened a development center at Lao Peng Nguan Tower 1, Vibhavadi Rangsit Road to launch the new technology research and development center of the company and to support the expansion and increase the number of employees and to be able to serve customers more closely and faster.

The company was transformed into the Public Company Limited on July 1, 2003 and opened its first trading day on October 8, 2003.

In May, The management foresees the growth of the company to enhance the capabilities and potential of the business further.

In June, to restructure the company’s shareholders. Modernform Integration Services Company Limited sold 68% of its total issued and paid-up shares to the Modernform Group Public Company Limited and other individual shareholders who are shareholders of the Modernform Integration Services Company Limited. As a result, Modernform Group Public Company Limited is the major shareholder of the company at that time, holding 31.6% of the issued and paid-up shares and the company sold its investment in ThaiTap Guide Company Limited to the Modernform Integration Services Company Limited.

On July 1, 2003, the company has been transformed into a Public Company Limited and open to the public on the Stock Exchange trading on October 8, 2003. The company has opened a development center at Lao Peng Nguan Tower 1, Vibhavadi Rangsit Road to launch the new technology research and development center of the company and to support the expansion and increase the number of employees and to be able to serve customers more closely and faster.

MFEC invested in Promptnow Company Limited, Advance Intelligent Modernity Company Limited, and Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited)

On August 26th, 2004

MFEC invested in Promptnow Company Limited with main products/services of consult training on software and hardware for control or integration with electronic devices and create electronic entertainment media.

On November 19th, 2004

MFEC invested in Advance Intelligent Modernity Company Limited with main products/services of developed, produced and distributed of entertainment software on mobile devices.

On June 1st, 2005

MFEC invested in Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited) with the main products/services of Modern Pay (Mobile Payment Gateway) and managed services / Project based (PC / NB / PRN)

2004-2010

Since

MFEC invested in Promptnow Company Limited, Advance Intelligent Modernity Company Limited, and Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited)

On August 26th, 2004

MFEC invested in Promptnow Company Limited with main products/services of consult training on software and hardware for control or integration with electronic devices and create electronic entertainment media.

On November 19th, 2004

MFEC invested in Advance Intelligent Modernity Company Limited with main products/services of developed, produced and distributed of entertainment software on mobile devices.

On June 1st, 2005

MFEC invested in Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited) with the main products/services of Modern Pay (Mobile Payment Gateway) and managed services / Project based (PC / NB / PRN)

The executives decided to invest in the business of NTS which MFEC holds 100% of the registered capital (which resulted in the Soft Square Group of 7 companies as a subsidiary, consisting of;
- Hong Son Software Company Limited
- Soft Professional Company Limited
- Soft Plus Technology Company Limited
- K Soft Consulting Company Limited
- Sam Mok Software Company Limited
- Soft square (1996) Company Limited
- Khon Kaen Soft Tech Company Limited,
which was invested through the shares of Soft Square Company Limited (1999). At the same time, MFEC also made a decision to invest in the Magus Group which MFEC holds 100% of the investment that made Motif Technology Public Company Limited and Business Application Company Limited become subsidiaries of MFEC Group, and later also jointly invested in Angstrom Solutions Company Limited which MFEC holds 40% of the registered capital. To strengthen the leadership in information technology business and continuously extend the investment of the Company’s intellectual property development, MFEC Group consisted of one (1) associated company and thirteen (13) subsidiaries.

2011-2012

Since

The executives decided to invest in the business of NTS which MFEC holds 100% of the registered capital (which resulted in the Soft Square Group of 7 companies as a subsidiary, consisting of;
- Hong Son Software Company Limited
- Soft Professional Company Limited
- Soft Plus Technology Company Limited
- K Soft Consulting Company Limited
- Sam Mok Software Company Limited
- Soft square (1996) Company Limited
- Khon Kaen Soft Tech Company Limited,
which was invested through the shares of Soft Square Company Limited (1999). At the same time, MFEC also made a decision to invest in the Magus Group which MFEC holds 100% of the investment that made Motif Technology Public Company Limited and Business Application Company Limited become subsidiaries of MFEC Group, and later also jointly invested in Angstrom Solutions Company Limited which MFEC holds 40% of the registered capital. To strengthen the leadership in information technology business and continuously extend the investment of the Company’s intellectual property development, MFEC Group consisted of one (1) associated company and thirteen (13) subsidiaries.

2013-2014

Since
2556-2557-1000x1000-1

TIS INC. of Japan held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited.

Modernform Group Public Company Limited (MODERN), the major shareholder, decided to sell 14.07% of MFEC Public Company Limited (MFEC)’s paid-up capital or 61,983,675 shares to TIS INC. of Japan at 10.70 per share for a total of 663,225,322.50 baht. The transaction was made on 14 May 2014. And after the liquidation, Modernfform Group’s shareholding in MFEC reduced to 2.41% and TIS Inc. held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited. The transaction triggered a positive change as TIS Inc. was a foreign company which led Japan’s IT industry. As a result, MFEC could find an opportunity to develop its IT capability and competitiveness to the international stage and have more trade opportunity in the future.

TIS INC. of Japan held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited.

Modernform Group Public Company Limited (MODERN), the major shareholder, decided to sell 14.07% of MFEC Public Company Limited (MFEC)’s paid-up capital or 61,983,675 shares to TIS INC. of Japan at 10.70 per share for a total of 663,225,322.50 baht. The transaction was made on 14 May 2014. And after the liquidation, Modernfform Group’s shareholding in MFEC reduced to 2.41% and TIS Inc. held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited. The transaction triggered a positive change as TIS Inc. was a foreign company which led Japan’s IT industry. As a result, MFEC could find an opportunity to develop its IT capability and competitiveness to the international stage and have more trade opportunity in the future.

MFEC’s new development center and branch no 2. was situated at SJ Infinite Building, 11th Floor.

MFEC developed and improved its businesses to match the market demand, technology trend and customers’ demand while establishing the internal control system, organizational restructuring, and new business management strategy to cope with economic slowdowns in the country and overseas. IT changes induced consumers’ behavioral changes swiftly. For instance, the change in technological use of business transformation strategy brought out MFEC’s professionality to solve problems and create competitive capabilities for customers in various industries who were facing economic challenges and changes. In addition, a new business model was forged in the form of joint investment with partners in other industries spanning from printing media, television to entertainment groups.

Besides, a major organizational reform was carried out to improve the environment of the new office

2015 - 2016

Since
– MFEC’s product development center and 2nd office branch with a concept demonstrating its great creativity, while improving the work environment in the concept of New Office

– New Culture. This concept consisted of four (4) elements:
1. Collaboration
2. Communication
3. Concentration
4. Chill Out.
MFEC’s new office was situated at SJ Infinite Building, 11th Floor. MFEC executives were ready to support employees with creativity and capabilities in work and management for unit growth and a potential subsidiary. Furthermore, they had the policy to expand investment for new sources of income and enlarge the customer base to other industries as a mean to strengthen MFEC’s IT leading position.

MFEC’s new development center and branch no 2. was situated at SJ Infinite Building, 11th Floor.

MFEC developed and improved its businesses to match the market demand, technology trend and customers’ demand while establishing the internal control system, organizational restructuring, and new business management strategy to cope with economic slowdowns in the country and overseas. IT changes induced consumers’ behavioral changes swiftly. For instance, the change in technological use of business transformation strategy brought out MFEC’s professionality to solve problems and create competitive capabilities for customers in various industries who were facing economic challenges and changes. In addition, a new business model was forged in the form of joint investment with partners in other industries spanning from printing media, television to entertainment groups.

Besides, a major organizational reform was carried out to improve the environment of the new office

– MFEC’s product development center and 2nd office branch with a concept demonstrating its great creativity, while improving the work environment in the concept of New Office

– New Culture. This concept consisted of four (4) elements:
1. Collaboration
2. Communication
3. Concentration
4. Chill Out.
MFEC’s new office was situated at SJ Infinite Building, 11th Floor. MFEC executives were ready to support employees with creativity and capabilities in work and management for unit growth and a potential subsidiary. Furthermore, they had the policy to expand investment for new sources of income and enlarge the customer base to other industries as a mean to strengthen MFEC’s IT leading position.

MFEC invested in four (4) more companies:
1) Playtorium Solutions Company Limited
2) Fanster Media Company Limited
3) Data Cafe Company Limited
4) Digital Savvy Company Limited

MFEC continued its organizational restructuring, while formulating new business management strategies and making investment continuously in order to cope with economic recoveries in the country and abroad as well as IT transformation. The shifts in IT have played key roles to induce quick changes in consumer behaviors. Particularly, disruptive technology has affected the current technological use and the direction for business management has changed. Therefore, the company has adjusted itself through the following, more diverse business models:

2559-2560-1000x1000-1
Since

2017-2018

- Joint venture with a potential partner. MFEC and its partner’s specialties and strengths.
- Revenue sharing : The investment was made in potential businesses for consistent and sustainable income.
- Business unit spin-off : MFEC supported a business unit to be capable to set up MFEC’s new subsidiary to raise its employees’ entrepreneurship, have ownership (shareholding in the new company), and advance in their career path. This practice was also aimed to retain MFEC’s talents, boost and maintain its serviceability and competitiveness.

- Solution provider : The best IT solutions were proposed to customers, focusing on enterprises which generated main income for the company.

MFEC invested in four (4) more companies: > MFEC's invested companies:
1) Playtorium Solutions Company Limited at 70% of its registered capital
2) Fanster Media Company Limited at 30% of its registered capital
3) Data Cafe Company Limited at 59.9% of its registered capital
4)Digital Savvy Company Limited at 36% of its registered capital

MFEC Group had four (4) associated companies and fourteen (14) subsidiaries.​

MFEC invested in four (4) more companies:
1) Playtorium Solutions Company Limited
2) Fanster Media Company Limited
3) Data Cafe Company Limited
4) Digital Savvy Company Limited

MFEC continued its organizational restructuring, while formulating new business management strategies and making investment continuously in order to cope with economic recoveries in the country and abroad as well as IT transformation. The shifts in IT have played key roles to induce quick changes in consumer behaviors. Particularly, disruptive technology has affected the current technological use and the direction for business management has changed. Therefore, the company has adjusted itself through the following, more diverse business models:

- Joint venture with a potential partner. MFEC and its partner’s specialties and strengths.
- Revenue sharing : The investment was made in potential businesses for consistent and sustainable income.
- Business unit spin-off : MFEC supported a business unit to be capable to set up MFEC’s new subsidiary to raise its employees’ entrepreneurship, have ownership (shareholding in the new company), and advance in their career path. This practice was also aimed to retain MFEC’s talents, boost and maintain its serviceability and competitiveness.
- Solution provider : The best IT solutions were proposed to customers, focusing on enterprises which generated main income for the company.

MFEC invested in four (4) more companies: > MFEC's invested companies:
1) Playtorium Solutions Company Limited at 70% of its registered capital
2) Fanster Media Company Limited at 30% of its registered capital
3) Data Cafe Company Limited at 59.9% of its registered capital
4)Digital Savvy Company Limited at 36% of its registered capital

MFEC Group had four (4) associated companies and fourteen (14) subsidiaries.

2019-2020

Since

In 2017, Thailand stepped into the digital disruption era where businesses were challenged, and competition became more intense in terms of business adaptation and technological advancement. MFEC therefore tackled the situation with organizational transformation focusing on two major perspectives.

- People Transformation
Starting with human resources as the key component in driving the organization, MFEC underlined environmental adjustment to suit the new generation of employees and increased efficiency in internal processes to be well-prepared for people development, emerging technology, and innovation encouragement.

- Business Transformation
Due to technological development, consumer and partner behaviors changed accordingly. Recognizing the situation, MFEC created a new business model that would open the path to a new industry not exclusively for SI businesses. MFEC then supported their exceptional members who have business ideas and turned those ideas into real businesses through startup investment in forms of corporate venture capital and venture builder, and created new businesses with the faster time to market.

In 2017, Thailand stepped into the digital disruption era where businesses were challenged, and competition became more intense in terms of business adaptation and technological advancement. MFEC therefore tackled the situation with organizational transformation focusing on two major perspectives.

- People Transformation
Starting with human resources as the key component in driving the organization, MFEC underlined environmental adjustment to suit the new generation of employees and increased efficiency in internal processes to be well-prepared for people development, emerging technology, and innovation encouragement.

- Business Transformation
Due to technological development, consumer and partner behaviors changed accordingly. Recognizing the situation, MFEC created a new business model that would open the path to a new industry not exclusively for SI businesses. MFEC then supported their exceptional members who have business ideas and turned those ideas into real businesses through startup investment in forms of corporate venture capital and venture builder, and created new businesses with the faster time to market.

2021-2022

Since

COVID-19 Found the Opportunity within Crisis In 2019, there was an outbreak of COVID-19 affecting businesses worldwide. MFEC strived through the crisis with the executives’ foresight leading to a preparation in case the situation got worse. That was why, when the situation hit its highest critical point, MFEC could tackle and adapt wisely. At the same time, we could see the opportunity of technology within the crisis where it inevitably became parts of people’s daily life. This led to our contribution in driving several businesses in Thailand and developing even more products and services in the mission to innovate and improve the whole organizational performance. With all these aims in mind, MFEC saw the direction of the market, competition and opportunity to assist our clients, and finally turned ourselves into today’s technological consultant company.

COVID-19 Found the Opportunity within Crisis In 2019, there was an outbreak of COVID-19 affecting businesses worldwide. MFEC strived through the crisis with the executives’ foresight leading to a preparation in case the situation got worse. That was why, when the situation hit its highest critical point, MFEC could tackle and adapt wisely. At the same time, we could see the opportunity of technology within the crisis where it inevitably became parts of people’s daily life. This led to our contribution in driving several businesses in Thailand and developing even more products and services in the mission to innovate and improve the whole organizational performance. With all these aims in mind, MFEC saw the direction of the market, competition and opportunity to assist our clients, and finally turned ourselves into today’s technological consultant company.

MFEC Public Company Limited (MFEC) was established on March 3, 1997MFEC Public Company Limited (MFEC) was established on March 3, 1997, a registered capital of 10 million baht, consisting of 1 ordinary shares at a par value of 10 baht. The company develops and implements network connectivity within the organization both in Bangkok and the provinces. This is the first development and introduction of Intranet in Thailand with the vision of the management in the business, the company has been appointed as a distributor of official products from leading companies around the world. ​

- Sun Microsystems, United States
It is the leader in the server computer for Internet for use in large organizations.

- Netscape Communication, United States
It is the originator of the development of the program for the Internet & E-commerce Software Server. Currently known as SUN ONE.

1997-2000

Since

MFEC Public Company Limited (MFEC) was established on March 3, 1997MFEC Public Company Limited (MFEC) was established on March 3, 1997, a registered capital of 10 million baht, consisting of 1 ordinary shares at a par value of 10 baht. The company develops and implements network connectivity within the organization both in Bangkok and the provinces. This is the first development and introduction of Intranet in Thailand with the vision of the management in the business, the company has been appointed as a distributor of official products from leading companies around the world. ​

- Sun Microsystems, United States
It is the leader in the server computer for Internet for use in large organizations.

- Netscape Communication, United States
It is the originator of the development of the program for the Internet & E-commerce Software Server. Currently known as SUN ONE.

2001-2002

Since

In order to increase the business expansion, the company increased its registered capital from 10 million baht divided into 2 ordinary shares with a par value of 10 baht.
The company has set up a consulting and development service center for information technology to expand the business consulting and information technology (IT Professional Services) and began serving as a business, as following;

– Launched Voice over Internet Protocol (VOIP) service, which will help customers reduce the cost of long distance telephone service is the first in Thailand.

– Providing Data Warehouse Services with the cooperation of Software Manufacturers, Ascential (which is now acquired by IBM), United States. And was appointed as a distributor in Thailand.

– Began to study the feasibility of developing the intellectual property as a source of significant revenue in the future.

In order to increase the business expansion, the company increased its registered capital from 10 million baht divided into 2 ordinary shares with a par value of 10 baht.
The company has set up a consulting and development service center for information technology to expand the business consulting and information technology (IT Professional Services) and began serving as a business, as following;

– Launched Voice over Internet Protocol (VOIP) service, which will help customers reduce the cost of long distance telephone service is the first in Thailand.

– Providing Data Warehouse Services with the cooperation of Software Manufacturers, Ascential (which is now acquired by IBM), United States. And was appointed as a distributor in Thailand.

– Began to study the feasibility of developing the intellectual property as a source of significant revenue in the future.

The company was transformed into the Public Company Limited on July 1, 2003 and opened its first trading day on October 8, 2003.

In May, The management foresees the growth of the company to enhance the capabilities and potential of the business further.

In June, to restructure the company’s shareholders. Modernform Integration Services Company Limited sold 68% of its total issued and paid-up shares to the Modernform Group Public Company Limited and other individual shareholders who are shareholders of the Modernform Integration Services Company Limited. As a result, Modernform Group Public Company Limited is the major shareholder of the company at that time, holding 31.6% of the issued and paid-up shares and the company sold its investment in ThaiTap Guide Company Limited to the Modernform Integration Services Company Limited.

2003

Since
On July 1, 2003, the company has been transformed into a Public Company Limited and open to the public on the Stock Exchange trading on October 8, 2003. The company has opened a development center at Lao Peng Nguan Tower 1, Vibhavadi Rangsit Road to launch the new technology research and development center of the company and to support the expansion and increase the number of employees and to be able to serve customers more closely and faster.

The company was transformed into the Public Company Limited on July 1, 2003 and opened its first trading day on October 8, 2003.

In May, The management foresees the growth of the company to enhance the capabilities and potential of the business further.

In June, to restructure the company’s shareholders. Modernform Integration Services Company Limited sold 68% of its total issued and paid-up shares to the Modernform Group Public Company Limited and other individual shareholders who are shareholders of the Modernform Integration Services Company Limited. As a result, Modernform Group Public Company Limited is the major shareholder of the company at that time, holding 31.6% of the issued and paid-up shares and the company sold its investment in ThaiTap Guide Company Limited to the Modernform Integration Services Company Limited.

On July 1, 2003, the company has been transformed into a Public Company Limited and open to the public on the Stock Exchange trading on October 8, 2003. The company has opened a development center at Lao Peng Nguan Tower 1, Vibhavadi Rangsit Road to launch the new technology research and development center of the company and to support the expansion and increase the number of employees and to be able to serve customers more closely and faster.

MFEC invested in Promptnow Company Limited, Advance Intelligent Modernity Company Limited, and Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited)

On August 26th, 2004

MFEC invested in Promptnow Company Limited with main products/services of consult training on software and hardware for control or integration with electronic devices and create electronic entertainment media.

On November 19th, 2004

MFEC invested in Advance Intelligent Modernity Company Limited with main products/services of developed, produced and distributed of entertainment software on mobile devices.

On June 1st, 2005

MFEC invested in Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited) with the main products/services of Modern Pay (Mobile Payment Gateway) and managed services / Project based (PC / NB / PRN)

2004-2010

Since

MFEC invested in Promptnow Company Limited, Advance Intelligent Modernity Company Limited, and Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited)

On August 26th, 2004

MFEC invested in Promptnow Company Limited with main products/services of consult training on software and hardware for control or integration with electronic devices and create electronic entertainment media.

On November 19th, 2004

MFEC invested in Advance Intelligent Modernity Company Limited with main products/services of developed, produced and distributed of entertainment software on mobile devices.

On June 1st, 2005

MFEC invested in Modernform Integration Services Company Limited (at the present is PraIn FinTech Company Limited) with the main products/services of Modern Pay (Mobile Payment Gateway) and managed services / Project based (PC / NB / PRN)

The executives decided to invest in the business of NTS which MFEC holds 100% of the registered capital (which resulted in the Soft Square Group of 7 companies as a subsidiary, consisting of;
- Hong Son Software Company Limited
- Soft Professional Company Limited
- Soft Plus Technology Company Limited
- K Soft Consulting Company Limited
- Sam Mok Software Company Limited
- Soft square (1996) Company Limited
- Khon Kaen Soft Tech Company Limited,
which was invested through the shares of Soft Square Company Limited (1999). At the same time, MFEC also made a decision to invest in the Magus Group which MFEC holds 100% of the investment that made Motif Technology Public Company Limited and Business Application Company Limited become subsidiaries of MFEC Group, and later also jointly invested in Angstrom Solutions Company Limited which MFEC holds 40% of the registered capital. To strengthen the leadership in information technology business and continuously extend the investment of the Company’s intellectual property development, MFEC Group consisted of one (1) associated company and thirteen (13) subsidiaries.

2011-2012

Since

The executives decided to invest in the business of NTS which MFEC holds 100% of the registered capital (which resulted in the Soft Square Group of 7 companies as a subsidiary, consisting of;
- Hong Son Software Company Limited
- Soft Professional Company Limited
- Soft Plus Technology Company Limited
- K Soft Consulting Company Limited
- Sam Mok Software Company Limited
- Soft square (1996) Company Limited
- Khon Kaen Soft Tech Company Limited,
which was invested through the shares of Soft Square Company Limited (1999). At the same time, MFEC also made a decision to invest in the Magus Group which MFEC holds 100% of the investment that made Motif Technology Public Company Limited and Business Application Company Limited become subsidiaries of MFEC Group, and later also jointly invested in Angstrom Solutions Company Limited which MFEC holds 40% of the registered capital. To strengthen the leadership in information technology business and continuously extend the investment of the Company’s intellectual property development, MFEC Group consisted of one (1) associated company and thirteen (13) subsidiaries.

2013-2014

Since
2556-2557-1000x1000-1

TIS INC. of Japan held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited.

Modernform Group Public Company Limited (MODERN), the major shareholder, decided to sell 14.07% of MFEC Public Company Limited (MFEC)’s paid-up capital or 61,983,675 shares to TIS INC. of Japan at 10.70 per share for a total of 663,225,322.50 baht. The transaction was made on 14 May 2014. And after the liquidation, Modernfform Group’s shareholding in MFEC reduced to 2.41% and TIS Inc. held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited. The transaction triggered a positive change as TIS Inc. was a foreign company which led Japan’s IT industry. As a result, MFEC could find an opportunity to develop its IT capability and competitiveness to the international stage and have more trade opportunity in the future.

TIS INC. of Japan held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited.

Modernform Group Public Company Limited (MODERN), the major shareholder, decided to sell 14.07% of MFEC Public Company Limited (MFEC)’s paid-up capital or 61,983,675 shares to TIS INC. of Japan at 10.70 per share for a total of 663,225,322.50 baht. The transaction was made on 14 May 2014. And after the liquidation, Modernfform Group’s shareholding in MFEC reduced to 2.41% and TIS Inc. held 18% of MFEC’s paid-up capital and became the major shareholder of MFEC, in replacement of Modernform Group Public Company Limited. The transaction triggered a positive change as TIS Inc. was a foreign company which led Japan’s IT industry. As a result, MFEC could find an opportunity to develop its IT capability and competitiveness to the international stage and have more trade opportunity in the future.

MFEC’s new development center and branch no 2. was situated at SJ Infinite Building, 11th Floor.

MFEC developed and improved its businesses to match the market demand, technology trend and customers’ demand while establishing the internal control system, organizational restructuring, and new business management strategy to cope with economic slowdowns in the country and overseas. IT changes induced consumers’ behavioral changes swiftly. For instance, the change in technological use of business transformation strategy brought out MFEC’s professionality to solve problems and create competitive capabilities for customers in various industries who were facing economic challenges and changes. In addition, a new business model was forged in the form of joint investment with partners in other industries spanning from printing media, television to entertainment groups.

Besides, a major organizational reform was carried out to improve the environment of the new office

2015 - 2016

Since
– MFEC’s product development center and 2nd office branch with a concept demonstrating its great creativity, while improving the work environment in the concept of New Office

– New Culture. This concept consisted of four (4) elements:
1. Collaboration
2. Communication
3. Concentration
4. Chill Out.
MFEC’s new office was situated at SJ Infinite Building, 11th Floor. MFEC executives were ready to support employees with creativity and capabilities in work and management for unit growth and a potential subsidiary. Furthermore, they had the policy to expand investment for new sources of income and enlarge the customer base to other industries as a mean to strengthen MFEC’s IT leading position.

MFEC’s new development center and branch no 2. was situated at SJ Infinite Building, 11th Floor.

MFEC developed and improved its businesses to match the market demand, technology trend and customers’ demand while establishing the internal control system, organizational restructuring, and new business management strategy to cope with economic slowdowns in the country and overseas. IT changes induced consumers’ behavioral changes swiftly. For instance, the change in technological use of business transformation strategy brought out MFEC’s professionality to solve problems and create competitive capabilities for customers in various industries who were facing economic challenges and changes. In addition, a new business model was forged in the form of joint investment with partners in other industries spanning from printing media, television to entertainment groups.

Besides, a major organizational reform was carried out to improve the environment of the new office

– MFEC’s product development center and 2nd office branch with a concept demonstrating its great creativity, while improving the work environment in the concept of New Office

– New Culture. This concept consisted of four (4) elements:
1. Collaboration
2. Communication
3. Concentration
4. Chill Out.
MFEC’s new office was situated at SJ Infinite Building, 11th Floor. MFEC executives were ready to support employees with creativity and capabilities in work and management for unit growth and a potential subsidiary. Furthermore, they had the policy to expand investment for new sources of income and enlarge the customer base to other industries as a mean to strengthen MFEC’s IT leading position.

MFEC invested in four (4) more companies:
1) Playtorium Solutions Company Limited
2) Fanster Media Company Limited
3) Data Cafe Company Limited
4) Digital Savvy Company Limited

MFEC continued its organizational restructuring, while formulating new business management strategies and making investment continuously in order to cope with economic recoveries in the country and abroad as well as IT transformation. The shifts in IT have played key roles to induce quick changes in consumer behaviors. Particularly, disruptive technology has affected the current technological use and the direction for business management has changed. Therefore, the company has adjusted itself through the following, more diverse business models:

2559-2560-1000x1000-1
Since

2017-2018

- Joint venture with a potential partner. MFEC and its partner’s specialties and strengths.
- Revenue sharing : The investment was made in potential businesses for consistent and sustainable income.
- Business unit spin-off : MFEC supported a business unit to be capable to set up MFEC’s new subsidiary to raise its employees’ entrepreneurship, have ownership (shareholding in the new company), and advance in their career path. This practice was also aimed to retain MFEC’s talents, boost and maintain its serviceability and competitiveness.

- Solution provider : The best IT solutions were proposed to customers, focusing on enterprises which generated main income for the company.

MFEC invested in four (4) more companies: > MFEC's invested companies:
1) Playtorium Solutions Company Limited at 70% of its registered capital
2) Fanster Media Company Limited at 30% of its registered capital
3) Data Cafe Company Limited at 59.9% of its registered capital
4)Digital Savvy Company Limited at 36% of its registered capital

MFEC Group had four (4) associated companies and fourteen (14) subsidiaries.​

MFEC invested in four (4) more companies:
1) Playtorium Solutions Company Limited
2) Fanster Media Company Limited
3) Data Cafe Company Limited
4) Digital Savvy Company Limited

MFEC continued its organizational restructuring, while formulating new business management strategies and making investment continuously in order to cope with economic recoveries in the country and abroad as well as IT transformation. The shifts in IT have played key roles to induce quick changes in consumer behaviors. Particularly, disruptive technology has affected the current technological use and the direction for business management has changed. Therefore, the company has adjusted itself through the following, more diverse business models:

- Joint venture with a potential partner. MFEC and its partner’s specialties and strengths.
- Revenue sharing : The investment was made in potential businesses for consistent and sustainable income.
- Business unit spin-off : MFEC supported a business unit to be capable to set up MFEC’s new subsidiary to raise its employees’ entrepreneurship, have ownership (shareholding in the new company), and advance in their career path. This practice was also aimed to retain MFEC’s talents, boost and maintain its serviceability and competitiveness.
- Solution provider : The best IT solutions were proposed to customers, focusing on enterprises which generated main income for the company.

MFEC invested in four (4) more companies: > MFEC's invested companies:
1) Playtorium Solutions Company Limited at 70% of its registered capital
2) Fanster Media Company Limited at 30% of its registered capital
3) Data Cafe Company Limited at 59.9% of its registered capital
4)Digital Savvy Company Limited at 36% of its registered capital

MFEC Group had four (4) associated companies and fourteen (14) subsidiaries.

2019-2020

Since

In 2017, Thailand stepped into the digital disruption era where businesses were challenged, and competition became more intense in terms of business adaptation and technological advancement. MFEC therefore tackled the situation with organizational transformation focusing on two major perspectives.

- People Transformation
Starting with human resources as the key component in driving the organization, MFEC underlined environmental adjustment to suit the new generation of employees and increased efficiency in internal processes to be well-prepared for people development, emerging technology, and innovation encouragement.

- Business Transformation
Due to technological development, consumer and partner behaviors changed accordingly. Recognizing the situation, MFEC created a new business model that would open the path to a new industry not exclusively for SI businesses. MFEC then supported their exceptional members who have business ideas and turned those ideas into real businesses through startup investment in forms of corporate venture capital and venture builder, and created new businesses with the faster time to market.

In 2017, Thailand stepped into the digital disruption era where businesses were challenged, and competition became more intense in terms of business adaptation and technological advancement. MFEC therefore tackled the situation with organizational transformation focusing on two major perspectives.

- People Transformation
Starting with human resources as the key component in driving the organization, MFEC underlined environmental adjustment to suit the new generation of employees and increased efficiency in internal processes to be well-prepared for people development, emerging technology, and innovation encouragement.

- Business Transformation
Due to technological development, consumer and partner behaviors changed accordingly. Recognizing the situation, MFEC created a new business model that would open the path to a new industry not exclusively for SI businesses. MFEC then supported their exceptional members who have business ideas and turned those ideas into real businesses through startup investment in forms of corporate venture capital and venture builder, and created new businesses with the faster time to market.

Covid-19 พลิกวิกฤตให้เป็นโอกาส

ปี 2562 เกิดสภาวะวิกฤตการแพร่ระบาดของเชื้อไวรัส Covid-19 ที่ส่งผลกระทบต่อทุกธุรกิจทั่วโลก MFEC ยืนหยัดต่อสู้กับสภาวะวิกฤตครั้งนี้ จากการมองเห็นภาพการณ์ไกลของผู้บริหาร ที่ได้มีการวางแผนรับมือกับสภาวะวิกฤตมาตั้งแต่เนิ่น ทำให้เมื่อเกิดสภาวะวิกฤตที่อยู่ในระดับรุนแรง จึงสามารถรับมือและปรับตัวได้ทันต่อสถานการณ์ที่เกิดขึ้นได้ และด้วยสภาวะวิกฤตที่เกิดขึ้นทำให้เทคโนโลยีได้เข้ามามีบทบาทสำคัญของการดำเนินชีวิตประจำวัน จึงเป็นโอกาสที่ดีที่ทำให้ MFEC ได้มีส่วนร่วมในการขับเคลื่อนธุรกิจต่าง ๆ ให้ดำเนินต่อไป ส่งผลให้แนวทางการดำเนินงานของบริษัทยังคงมุ่งเน้นพัฒนาบริการและสินค้าเพื่อต่อยอดเทคโนโลยีที่สามารถสร้างนวัตกรรมใหม่ ๆ เสริมประโยชน์กันและกันของสินค้าและบริการทั้งหมดของบริษัท ทำให้บริษัทเห็นแนวทางความต้องการของตลาด การแข่งขัน และโอกาสทางธุรกิจที่จะช่วยเสริมศักยภาพให้กับธุรกิจของลูกค้าแม้ในสภาวะวิกฤต

Personel

Board of Directors

Mr. Sirisak Tirawattanangkul

Chairman

Mr. Suchart Thammapitagkul

Independent Director and
Chairman of Audit Committee

Mr. Siriwat Vongjarukorn

Director, Chief Executive Officer, and Member of Nomination and Remuneration Committee

Mr. Thanakorn Charlee

Director, Executive Committee,
Chief Operating Officer and Member of Risk Management and Corporate Governance Committee

Mr. Kiyotaka Nakamura

Vice Chairman, and Member of Nomination and Remuneration Committee

Mr. Anant Leetrakul

Independent Director and Member of Nomination and Remuneration Committee

Prof. Dr. Uthai Tanlamai

Independent Director, Chairman of Risk Management and Corporate Governance Committee, and Member of Audit Committee

Dr. Charn Tharawas

Independent Director, Member of Nomination and Remuneration Committee, Member of Risk Management and Corporate Governance Committee

Assc. Prof. Dr. Kamales Santivejkul

Independent Director, Member of Risk Management and Corporate Governance Committee, Member of Audit Committee, and Member of Nomination and Remuneration Committee

Mr. Masakazu Kawamura

Director

Personel

Executive Committee and Management

Mr. Siriwat Vongjarukorn

Chief Executive Officer

Mr. Thanakorn Charlee

Director, Executive Committee,
Chief Operating Officer and Member of Risk Management and Corporate Governance Committee

Mr.Arm Sivadit

Chief Transformation Officer

Mr. Kitti Wintima

Chief Operating Officer
Sales Telecommunications

Mr. Pitch Manakijpairoj

Chief Financial Officer