Since the founding in 1992, our Group was engaged in IT consultancy and services for enterprises of different industries in Hong Kong and Overseas, which includes Banking & Finance, Government Departments, Telecommunications, Distributions & Retail, Manufacturing, Logistics and Media etc. After the establishment of ICO Technology, our business grew rapidly and we commenced the provision of IT application and solution development, and have since then expanded and diversified our services to include secondment services, maintenance and support services and IT infrastructure solutions. Until 2009, our Group stepped in the PRC and started the business in IT programming solution development and application implementation in the PRC. Our Group is listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12th October, 2016 (stock code: 1460).
* According to the Ipsos Report, there were about 12,035 service providers in Hong Kong in 2013. The majority of these providers are engaged in IT integration solution services with about 80% of them being enterprises with less than 20 employees. The IT services and solutions industry in Hong Kong is highly competitive and fragmented with presence of both local and foreign service providers. They mainly compete on brand name, reputation, customer relationship and service scope in the market. Our Group have been in the IT solutions and services industry for over 20 years and are one of the top five IT solution and service providers in Hong Kong. In 2013, the top five service providers accounted for about 4.9% of the total market revenue. Being the fourth largest IT service and solution provider in Hong Kong, we representing a market share of 0.4% in terms of revenue.
Indicated by Ipsos Report, partnership with renowned hardware/software manufacturers and lack of skilled talents set barriers for new entrants into the IT service and solution industry in Hong Kong. Given that our Group has a good understanding of our customers’ business, products and industries, and also equipped with the specific skill-sets and technical support in order to meet our customers’ needs.
* Source: Ipsos Report, research on the IT services and solutions industry in Hong Kong, which includes IT application and solution development, secondment services, maintenance and support services, and IT infrastructure solutions.