Bualuang Ventures has invested in STelligence, a digital transformation and data analytics technology service provider in an effort to meet the needs of businesses looking for solutions to help upgrade their work processes and increase efficiency to chart a path for strong, consistent growth in the digital age. In line with its ‘trusted partner’ philosophy, Bualuang Ventures aims to expand the market through the Bank’s business customer base by introducing quality service providers to support its customers’ business transformation as they work to seize greater opportunities in the digital market.
Mr. Krit Phanratanamala, Managing Director of Bualuang Ventures said it decided to invest in STelligence Company Limited to help businesses grow exponentially by adopting and implementing new digital technology and innovation to the internal work processes. This is to improve working efficiency and enhance information security in terms of taking various data to process for in-depth analytics which will further add value to the business.
“In the past, we have talked a lot about big data. Although many businesses have been collecting data continuously, they still need solutions that will help analyze those data into effective strategies and business plans. Meanwhile, Thai businesses have been increasing investment in IT and technology to drive growth in the digital age and increase competitiveness, especially after the outbreak of Covid-19, which is considered a catalyst for wide-ranging technology adoption. Therefore, it is a good business opportunity for Bualuang Ventures to jointly invest in and become a partner with STelligence”.
In addition to the investment that STelligence has received, representatives of Bualuang Ventures will sit on its Board of Directors. This is to give advice on business operations and follow up on the company’s performance, particularly in the development of internal control systems and good governance principles, and to prepare for STelligence to be listed on the Thai stock exchange. This will be another dimension to the help that Bualuang Ventures can provide to STelligence to ensure its steady growth.
Mr. Krit also added that by partnering with STelligence, Bualuang Ventures will also be exploring ways to offer enhanced digital transformation and data analytics services to Bangkok Bank’s customers for large corporates and small and medium-sized businesses. As there are growing needs for IT and data analytics services from many businesses, this will further enhance the efforts of STelligence to grow its user base and reach new customers in a variety of industries.
“We see this deal as a reinforcement of Bangkok Bank’s position as a trusted partner. In addition to providing financial advice and services, which is the main role that the Bank delivers to customers, we are ready to help them adapt and prepare for new challenges. This includes introducing quality service providers such as STelligence to our customers who are looking for digital transformation solutions to improve their business operations to cope with emerging challenges and opportunities while growing the business in a strong and sustainable manner,” said Mr. Krit.
Dr. Santisook Limpeeticharoenchot, Chief Executive Officer of STelligence, said “We are very pleased that Bualuang Ventures is confident in us and recognizes the importance of Big Data analytics and leveraging data for data analytics, cybersecurity, cloud computing and AI. Bualuang Ventures sees our potential and has provided funds for…
