International Research Corporation
International Research Corporation Public Company Limited (IRCP) is a Thai public ICT services firm that designs network infrastructure and provides IT equipment distribution, software, and telecom infrastructure services primarily to Thai government ministries and state enterprises via project-based contracts.
- Company typePublic
- Founded1986
- HeadquartersBangkok, Thailand
- Headcount101–250
- GTM typeB2B
- OfferingServices
What International Research Corporation does
International Research Corporation Public Company Limited (IRCP; ticker: bkk:IRCP) is a Bangkok-based Thai ICT services company founded on August 29, 1986, and listed on the Stock Exchange of Thailand. It began by developing Thai-language display cards for personal computers, achieving over 80% market share in that niche for 31 years, and in 1990 entered a strategic partnership with Microsoft to extend Thai-language support to DOS, Windows 95/98, and Windows NT — becoming Microsoft's sole software reproduction partner in Thailand. After 37+ years the company has repositioned as a diversified ICT solutions provider spanning network infrastructure design and installation, IT equipment distribution, software development and licensing, repair and maintenance services, telecommunications infrastructure (via the Singha Com Inter Group joint venture), and digital broadcasting services. Earlier forays into cloud services (IRCP Cloud Services, closed 2018), healthcare IT (HRCP, sold 2016), and IT consulting (INEC) were all subsequently divested or wound down.
IRCP operates a sales-led go-to-market centered on direct sales and public-sector bidding, targeting Thai government ministries, state enterprises, and media organizations. Named customers include the Office of the Prime Minister, Ministry of Labour, EXAT, EGAT, PEA, ThailandPost, TOT, MCOT HD, RTN, and ThaiPBS. Revenue mechanics span one-time hardware and licensing sales, project-based multi-year enterprise and government contracts, maintenance and professional services, and a recurring rental line for product sorting systems and handheld computers. Distribution is single-country (Thailand) and delivered through direct sales teams plus IT-equipment reseller subsidiaries. Marketing is largely relationship-driven, supported by a corporate website, a Facebook corporate page, and an investor relations function.
The capital structure has undergone significant restructuring in recent years. In 2021 the company reduced registered capital by THB 66.24 million, transferred THB 142.58 million of reserves and share premium against accumulated losses, cut par value from THB 1.00 to THB 0.50, and then raised THB 90.63 million via a rights offering. In 2022 it issued up to THB 300 million in convertible bonds to Advance Opportunities Fund and AO Fund I, with THB 162 million subsequently converted into 144.4 million new shares. Ownership remains distributed among existing Thai shareholders and these institutional investors, with no parent company.
International Research Corporation firmographics
Firmographics- Name
- International Research Corporation
- Legal name
- บริษัท อินเตอร์เนชั่นแนล รีเสริช คอร์ปอเรชั่น จำกัด (มหาชน)
- Website
- https://ircp.co.th
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- International Research Corporation Public Company Limited (IRCP) is a Thai public ICT services firm that designs network infrastructure and provides IT equipment distribution, software, and telecom infrastructure services primarily to Thai government ministries and state enterprises via project-based contracts.
- Ownership category
- akta.pro rank
International Research Corporation industry classification
Industry- Product category
- IT System Integration
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- ERP Implementation & Systems Integration Services (BPAEAGAA)
- akta.pro secondary industry
- ERP, CRM & Enterprise Applications Consulting (BPAHAEAI)
Keywords
Where International Research Corporation is headquartered
LocationHeadquarters
- HQ city
- Bangkok
- HQ country
- Thailand
- HQ region
- Asia
Offices1 record
Markets served
International Research Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Network Infrastructure Design and Installation: Design and installation of complete information and communication technology equipment. Provides network infrastructure solutions to distribute ICT equipment.
- IT Equipment Distribution: Distribution of IT products and peripherals through subsidiaries like IT Distribution Co., Ltd. and IT Green Plc.
- Software Development and Licensing: Development and licensing of software solutions including Thai language systems, enterprise software, and custom applications.
- Product Sorting Systems Rental: Rental services for product sorting systems, handheld computers used for transporting goods.
- Maintenance and Repair Services: Providing repair and maintenance services for IT systems equipment to customers.
- Cloud Services (Subscription): Previously operated IRCP Cloud Services offering localized SaaS solutions on subscription basis. Now discontinued.
- Telecommunications Services: Telecom services through subsidiaries including TV Telecom Co., Ltd. (formerly Sabuy Integration Co., Ltd.) providing telecom infrastructure services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based pricing for enterprise and government clients |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
International Research Corporation product offering
Product offeringCore offering
International Research Corporation (IRCP) is a Thai ICT system integrator that designs and deploys network infrastructure for enterprise and government clients, distributes IT hardware/software through its subsidiaries, develops custom software including Thai-language computing systems, and provides ongoing maintenance and support. Beyond integration, the company also rents sorting/automation systems to business customers and historically offered cloud computing services.
Product overview
International Research Corporation (IRCP) is a Thai IT services company that evolved from Thai language card development (achieving 80%+ market share) into a comprehensive ICT solutions provider. The company operates through multiple subsidiaries offering network infrastructure design and installation, IT distribution, software development, cloud services, healthcare IT, telecommunications infrastructure, and digital broadcasting services. Core offerings include network infrastructure services, sorting systems with handheld computer rentals, and IT maintenance services. The company follows a diversified business model to avoid reliance on any single business line, maintaining stable financial performance with consistent dividend payments.
Differentiator
Problem solved
Functional benefit
Products and services
- Network Infrastructure System Integration Design, deployment, and turnkey installation of enterprise and government network infrastructure systems for Thai clients needing end-to-end ICT delivery.
- Thai-Language Software and Computing Solutions Custom software development rooted in IRCP's pioneering Thai-language display card technology, supporting Thai-language capabilities in computing environments.
- IT Equipment Distribution Distribution of IT hardware and software products to commercial customers in Thailand through IRCP's distribution-focused subsidiaries.
- Sorting/Automation Systems Rental Rental of sorting and automation systems to enterprise customers requiring operational automation without large capital outlay.
- Hardware and Software Maintenance Services Ongoing maintenance and support services for IT hardware and software deployed at customer sites in Thailand.
Quantifiable outcome
- Over 80% market share in Thai language display cards for 31 years
- +1 more outcomes
Companies that use International Research Corporation
Customer profileNamed customers13 records
Segments3 records
Ideal customer profiles2 records
International Research Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
International Research Corporation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Microsoft CorporationcoreStrategic partnership established in 1990 for developing Thai language technology for Microsoft operating systems including MS DOS, Windows 95/98, Windows NT Server/Workstation. IRCP was appointed as the sole software reproduction partner for Microsoft in Thailand. This partnership established IRCP as the pioneer in Thai language computing technology.
Scale indicators5 records
Recent moves15 records
Expansion highlights5 records
International Research Corporation competitors and assessment
Company assessmentDirect peers
- SVOA: Thai IT distributor and enterprise solutions provider with similar government/enterprise customer base and IT services offering, making it a direct comparator to IRCP's IT Distribution arm and integration work.
- Synnex (Thailand): Thai IT distribution and enterprise services company — comparable business model of distributing enterprise IT equipment and providing value-added services to Thai government and enterprise customers.
- Forth Corporation: SET-listed Thai technology company with IT solutions and distribution businesses serving government and enterprise customers across telecom, IT and digital infrastructure — overlaps with IRCP's telecom infrastructure and systems integration work.
- SIS Distribution (SiS): SET-listed Thai IT distribution company providing enterprise hardware, software and services to Thai corporates and government — directly comparable distribution + systems-integration profile to IRCP.
- Metro Systems Corporation: Thai IT distributor and systems integrator serving enterprise and government customers with hardware, software and integration services — directly comparable to IRCP's mix of IT distribution (IT Distribution/IT Green) and systems integration.
Peers
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights5 records
Customer concentration
International Research Corporation social profiles
Digital presenceInternational Research Corporation compliance and trust
Trust signalCompliance5 records
International Research Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
International Research Corporation leadership team
Management profileNumber of profiles
International Research Corporation subsidiaries and ownership
Company hierarchySubsidiaries8 records
International Research Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
International Research Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about International Research Corporation
What does International Research Corporation do?
International Research Corporation (IRCP) is a Thai ICT system integrator that designs and deploys network infrastructure for enterprise and government clients, distributes IT hardware/software through its subsidiaries, develops custom software including Thai-language computing systems, and provides ongoing maintenance and support. Beyond integration, the company also rents sorting/automation systems to business customers and historically offered cloud computing services.
Is International Research Corporation a public or private company?
International Research Corporation is a public company. It is classified as public and is currently operating.
When was International Research Corporation founded?
International Research Corporation was founded in 1986. It employs 101 to 250 people.
Where is International Research Corporation based?
International Research Corporation is headquartered in Bangkok, Thailand, in the Asia region.
How does International Research Corporation make money?
Seven revenue lines are on record. Network Infrastructure Design and Installation is the primary driver. The others are IT Equipment Distribution, software Development and Licensing, product Sorting Systems Rental, maintenance and Repair Services, cloud Services (Subscription) and telecommunications Services.
Who are International Research Corporation's main competitors?
Direct peers on record are SVOA, Synnex (Thailand), Forth Corporation, SIS Distribution (SiS) and Metro Systems Corporation. Hewlett Packard Enterprise (Thailand) is listed as a peer.
Does International Research Corporation have an API?
No public API is recorded for International Research Corporation.
What industry is International Research Corporation in?
International Research Corporation's product category is IT System Integration. Its primary akta.pro industry code is BPAEAGAA, ERP Implementation & Systems Integration Services, with a secondary code of BPAHAEAI, ERP, CRM & Enterprise Applications Consulting. Its NAICS code is 54151 and its SIC code is 7373.