Tico Digital acquires majority stake in Principle One

Principle One, the integrated IT and AV specialist that operates at the convergence of computing, networks, telecommunications and audiovisual technologies announces it has sold a majority stake to Tico Digital.

Principle One, founded by James Oliver in 2003, delivers projects and services across 11 countries in Asia from offices in Hong Kong, Singapore and Japan with clients including UBS, Moncler, The Harbour School and over 150 hedge funds. Following the deal, James Oliver remains a shareholder and the Principle One leadership team of James Oliver and Joey Yeung will take positions as CEO and COO respectively. Principle One will remain an independent brand, operating in close collaboration with Tico.

Founded in 1994, Tico is a distributor and service provider of audio-visual system solutions in China. Their comprehensive system solutions encompass design, software development, product sales, integration and operation services, to its users in various fields, including Education, Medicine, Public Security, Culture and Creative industries.

Commenting on the deal James Oliver states: “This is a great strategic fit for Principle One; Tico understands the opportunities that the convergence of AV and IT present, where so many others do not. Building a company that thrived on this convergence was at the heart of Principle One from when I started the company.”

Zhou Zhou, President of Tico Digital, comments: “With the increase in Chinese investment overseas in recent years, the ‘One Belt One Road’ initiative has brought new opportunities to Chinese corporations. Driven by continuing corporate globalisation, clients increasingly require cross-border communication capabilities.

The acquisition of Principle One will allow Tico to better utilise and integrate resources, supplier networks and brands. This integrated service offering will enhance Tico’s core competitive advantages, increase scale and profitability, and help the corporation to realise strategic expansion in the global market.”