Tech consultancy competition heats up

Competition in technology consulting services in Thailand is expected to intensify as players ramp up investment and raise funds in the stock market.

G-Able Group, an IT and digital solutions provider, recently sent a filing to the Securities and Exchange Commission for the initial public offering (IPO) of its 175 million shares, or no more than 25% of its total shares.

It named Finansia Cyrus Securities as financial advisor.

Tech consultancy Bluebik Group, which is listed on the Market for Alternative Investment, recently announced investment of 1 billion baht to acquire other tech companies to scale up its capacity.

The IT consulting market in Thailand has seven key players and dozens of smaller ones. They are competing in this burgeoning market as organisations embrace technology to grow.

Chaiyuth Chunnahacha, chief executive of G-Able, said the fundraising in…