11/26/2010-The Thecus Technology Corporation is having an initial public offering on November 26th, 2010. As the first storage company to go public, this is an aggressive move to step out ahead of the competition and maintain leadership in this arena. Thecus's strength has long come from assertively guiding the market and preserving strong relationships with leaders of related industries such as Intel and Seagate.
Thecus has been a member of the Intel Storage Community for 5 years; this means working closely with Intel to get early access to emerging technology and co-marketing to strengthen both brands. Thecus is among Intel's top 20 worldwide strategic partners, which include Cisco, IBM, HP, EMC, Hitachi, Sony, and more. This partnership is one of the reasons Thecus has been able to stay ahead of the market and release products before the competition is ready.
This success has translated into very fast expansion, strong market presence, and large revenue growth. Thecus's 2008 and 2009 annual revenues were $413,014,000 NTD ($13,555,120 USD) and $509,922,000 NTD ($16,735,640 USD). In 2010 so far, measured through the end of the third quarter, Thecus's revenue has reached $426,808,000 NTD ($14,007,839 USD), showing a growth of 14% from the same point the previous year.
In October, 2004, Thecus was established with a 155,300,000 NTD (5,096,946 USD) investment and quickly entered the SMB market with its first product, the 4-bay N4100 NAS. Currently, Thecus has an impressive array of 42 products, spanning from 2-bay home-use NAS to 8-bay enterprise-size NAS, tower and rackmount, and including accessories such as 10-gigabit Ethernet adapters for more vertical control of the product line.
The latest two bold market expansions are into the enterprise NAS and the Network Video Recorder (NVR) fields. These are both rapidly growing markets with the need for data protection and digital video security becoming more and more important to companies of all sizes and individuals. Just as Thecus was first in developing 7- and 8-bay NAS for enterprise, Thecus is also going to be first with 12-bay and 16-bay models for enterprise with massive data needs. NVR's are becoming a staple in many stores and public buildings, being used to set up digital security systems with much more flexibility and accessibility than traditional video recording systems. Each of these types of products also has high revenue rates due to the higher individual cost of the product as well as large volume purchases.
Global expansion is happening very quickly at Thecus, with longstanding branches in the USA and the Netherlands as well as a new branch in Nanjing, China to deal with vigorously expanding demand. Thecus also boasts sales across the world and provides support through service stations in Austria, Australia, Japan, and China in many languages.
The market for network storage, aka “cloud computing”, is one of the fastest growing in the world. Data is becoming increasingly more valuable and customers are becoming more and more willing to pay a premium to keep it safe. The market research firm IDC predicts that the market will triple in size over the next five years, from an impressive $396 billion NTD ($13 billion USD) to a grand total of 1.3 trillion NTD ($42 billion USD). In this overwhelmingly positive climate, Thecus's continued rapid expansion is assured.
Established in 2004, Thecus Technology Corp provides market leading network attached storage and network video recorder solutions, committed to revolutionize how everyone from home user to enterprise level business centrally stores, manages and accesses their digital data both onsite and cloud-based. Thecus strives to deliver continuous innovation through cutting edge technology and design to provide data storage with the most customer-friendly platform, rapid performance and robust security. In May 2016, Thecus was formally acquired by Ennoconn Corporation and thus became part of the Foxconn IPC Technology group. Partnered together this diverse group of companies work in tandem to provide a total IoT (Internet of Things) solution. Now with an unparalleled portfolio to work with, Thecus is collaborating to bring unprecedented change to the network storage industry.