Transition Technologies Capital Group (TT Capital) is a software company headquartered in the Polish capital Warsaw. Founded nearly three decades ago, it now has 2000+ employees, 14 offices at home, and several branches around the world.
In June, TTPSC, from TT Capital, has just set up a branch office in Taipei, what the director Candy Chao (in the middle of the picture) told Business Next will be the firm's new base of operations in Asia.
In Taiwan, the presence of Polish company isn't common. Kris Jacewicz, senior IoT architect for the newly-established team (on the left), has no doubt that it will be a challenge for TTPSC to develop its business in Taipei as a trailblazer. But he said TT Capital, noticing the advantage to serve Asian clients from Taiwan, has a "big plan" here.
"We believe the launch of this branch will encourage more Polish companies to come to Taiwan," Jacewicz said. He believes with high-quality talent from both Poland and Taiwan, the company will be able to grow footprint in Asia, following its counterparts from many European countries.
Chao, meanwhile, expects the company to facilitate the exchange of ideas and experience between Polish and Taiwanese talent. "An expert should be not only good at coding but open-minded," she said; the diversity in workplace will help them think outside their own country and face the world.
From Poland to Taiwan
For TT Capital, foreign outsourcing projects account for more than half of the revenue (80%), and this may hold true for TTPSC as well — since most of their clients are from abroad.
Prior to the inauguration of the Taipei office, TTPSC had been looking for a new site to open a branch in Asia. "We need a base close to our clients, for instance, in Japan, so that we can conveniently send our engineers there to help them execute projects," Jacewicz said.
Taiwan stands out as one of the best options, with its geographic location at the center of Asia, from which most countries are within a comfortable radius. Its business-friendly environment is another pull: for a foreign company, it's easy to not only set up a business but keep it running here, where tax rules are attractive, government grants are easily accessible, and intellectual property is protected.
Speaking of the people, Chao, as a local, pointed out that the Taiwanese are creative, open to technologies, and dare to risk.
"It's also easy to find the type of talent we want here in Taiwan," Jacewicz added. TTPSC aims to build a strong R&D team in Taipei to support their outsourcing projects in Asia, and eventually, across the globe.
In the following three to five years, the new team will continue working with Boston-headquartered software company PTC, Chao said. Based on PTC's IoT-ready PLM (product lifecycle management) platform called Windchill, TTPSC is able to tailor solutions for clients from different industries to ensure data integrity.
Although specializing in industrial IoT, the company also leverages its technical strength to develop VR and AR applications — for instance, to help salesmen understand products better or help aesthetic physicians perform surgeries with precision and control.
Chao has high confidence in TTPSC's expertise. "When comparing our products with those from other companies in exhibitions, I often feel that ours are obviously better," she said.
Based in Taipei's Nangang Software Park, close to the country's biggest exhibition center where global level expositions take place, she said the team and her "feel the impact from information explosion" on a daily basis. While TTPSC Asia accomplishes its first mission in Taipei, we may expect the company to join the line-up to build a global tech innovation ecosystem in Taiwan.