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SCMP Reporter

Telecom and Technology Asia (TTAsia), a network management service provider, is seeking a stock listing within the next six months to fund expansion in China and the region.

TTAsia was founded by Dinesh Choithramani, its chief executive, and a management team at the end of 1999. Shun Hing Group, the sole agent of Panasonic and JVC products in Hong Kong and Macau, took a controlling stake in the company for more than US$10 million.

The company generates annual revenue of almost $100 million and has been profitable since 2002.

'We would like to do an initial public offering to strengthen our financial position,' Mr Choithramani said.

The company would also seek strategic partners to take stakes in the technology or financial side before it went public, he said.

TTAsia is capturing market share in the network management and information security service market with the help of the Shun Hing brand. Big companies such as PCCW, Leo Burnett and Hong Kong Jockey Club are clients of TTAsia.

The company's key product is an e-mail defence system. Corporate users can deploy their own e-mail server on the system to scan junk messages and viruses.

The company also provides a network management service  for corporate clients  that helps them oversee their network.

TTAsia faces competition from rivals such as Trend Micro and Message Labs, which are also information security service providers.

'As the Chinese government requested internet service providers and telecommunication operators to deal with the spamming issue, we see a great demand on our service,' Mr Choithramani said.

'One of the three main internet portals in China is negotiating with us to use our service. We are conducting a trial,' he said, adding that the new contract might double the company's revenue.



TTAsia plans share sale  to fund Asia expansion