Qvest Media establishes new Singapore location
SINGAPORE: Qvest Media has expanded its international business by establishing
Qvest Media Singapore, where the company hopes to attain substantial growth in consulting and development, systems integration and technology support services for the broadcast, media and telecommunications sectors. Stephan Koelsch has been named head of the business development team in Singapore.
In addition to Singapore and Malaysia, at the new location Qvest Media is also in good proximity to such markets as Australia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.
‘Initial talks with German and European manufacturers are already taking place to discuss our taking over local representation for them,’ stated Peter Noethen, co-owner of the Wellen+Noethen Group. ‘Our focus clearly lies on cooperation with providers of innovative software and hardware solutions for broadcast IT applications.’
Mr Noethen also sees business potential for turnkey solutions in the rental business, for example those required for major events and sports coverage. ‘For decades we have been among the preferred suppliers for numerous global sporting events, such as the summer and winter Olympic Games. We possess an extremely high level of competence for finding solutions for the technical, organisational and logistical implementation of such projects, and in the mid-term we are also planning to offer these services in the region.
‘Between our core businesses and our locations we greatly profit from the synergies of technical, administrative, personnel-related and management factors, which we will once again expand through our new branch office in Singapore,’ he furthered. ‘Another very important success factor was facing technological changes in our market very early on. Since then we have been investing heavily and continuously in personnel know-how in the areas of technology management and broadcast IT (BIT). For this reason, we are now one of the leading providers for realisation of technology projects in the BIT sector, with the know-how as well as the resources for supporting our clients, even on the biggest infrastructure projects, along the entire value-added chain.’
Continuing, Mr Noethen said that the company expects to generate revenues of ‘approximately 20 to 30 million US$ over the first two years. With respect to organisational setup as well as the hiring of personnel, at the new location the company will have a clear focus on organic growth, as opposed to acquisitions. In the 100 per cent-owned new branch office, the core team will contain experienced specialists from the Group, who will successively develop business in the region in their capacity as business development team.’