- Alf Moufarrige founded Servcorp in 1978
- Servcorp pioneered the Virtual Office concept in 1980
- Servcorp expanded to Singapore then throughout South East Asia, France and Japan.
- Servcorp was publicly listed on the Australian Stock Exchange (SRV) in 1999
- Servcorp Online Launch
- Further global expansion
As the quintessential entrepreneur, Alf Moufarrige was about to begin a new venture in 1976. First, like any new business starting out, he required an office space, receptionist and secretarial support. He quickly found that these overheads were reducing his profits and that he was not able to keep this team occupied 100% of the time. He looked to share a receptionist, share the space, share a secretary, share the costs, and reduce the overheads.
The idea of Servcorp was born!
In 1978 he started, in a corner office in the MLC Centre, with a piece of chalk to mark out the furniture. The idea grew organically and quickly took hold. The space quickly grew to one-quarter of a floor with 16 offices. Each time he sold one office he acquired the next.
Alf's enthusiasm, passion and clear vision of why his formula of Serviced Offices ‘multi-tenanted office accommodation’ would work, proved to be Servcorp's strength. His formula was simple and he could explain it on the back of an envelope.
Just 12 months later Servcorp had two floors in the MLC Centre Sydney and a location in Melbourne CBD. The formula behind “Why Servcorp works” has not changed – provide the best city location; create a professional environment with the very technology solutions and team support. For a company either not wanting to make the capital investment and commitment normally required, a Servcorp serviced office is the ideal choice for a corporate presence, infrastructure and support of a multi-national. The Servcorp formula allows clients to focus on their own business and not worry about running the office, yet still operate in a cost-effective way.
Servcorp was becoming an international success and Alf recognised a growing number of home businesses looking for a cost effective city presence . He created the world’s first “Virtual Office” in 1980. A Servcorp Virtual Office
® allows businesses to have the presence, facilities and support of a serviced office without the cost of full time office space.
Expansion, in the following years, saw Servcorp enter into the Singaporean, French, Japanese and South East Asian markets, closely followed by expansion into Belgium, the Middle East, China, India and New Zealand.
In 1999, Servcorp was publicly listed on the Australian Stock Exchange (SRV).
Even today, Servcorp's formula remains the same: focus on providing business solutions to help our clients save time and money. The Servcorp global network of locations continues to expand. Our offering is now built around allowing ultimate portability and flexibility to do business at anytime, from anywhere in the world through the converged network. Servcorp Online has been developed to be a single point of delivery and control for all of Servcorp’s services and has aided in making Servcorp the leader in IT solutions for business clients.
The further global expansion, which was recently announced, will see Servcorp locations opened in the United States of America and the United Kingdom in 2010. Our expansionary plans will continue in existing markets like the Middle East, Australia, Asia, China and Europe.
Servcorp is widely regarded as the world’s leader in high-quality Serviced and Virtual Office products and IT services.