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09 JUNE 23

TBN IPO: Driving Thailand as Asia’s Low-Code Hub with Mendix Tech | TBN

TBN Corporation PLC CEO Panayu Sirikrachangsri has unveiled a bold vision to elevate Thailand into Asia’s premier Low-Code hub. Fueled by fresh capital from its fundraise, the company is set to scale its workforce and accelerate the deployment of Mendix Low-Code technology, a sector expanding at an impressive 25% annually. This strategic movement addresses the surging demands of modern enterprises seeking rapid digital transformation paired with international quality standards.
IPO mai coverpage

The Low-Code Revolution: 25% Annual Growth Forecast

With over 18 years of specialized expertise in Mendix, TBN is perfectly positioned to capitalize on the 25% average annual growth rate of Low-Code technology. As projections suggest that 70% of global applications will be developed using Low-Code by 2025, TBN’s mission is clear: to establish Thailand as the Low-Code Hub of Asia.

IPO and Strategic Capital Allocation for 2025

TBN is set to offer 25 million IPO shares (representing 25% of its total equity) for listing on the Market for Alternative Investment (mai). The capital raised will be strategically utilized by 2025 to:

Scale Workforce Potential: Increase the developer headcount from 150 to a powerhouse team of 500-1,000 highly qualified experts.
Infrastructure Development: Invest in advanced digital systems and facilities to accommodate large-scale enterprise projects.
Working Capital: Boost competitiveness in the rapidly evolving Digital Transformation market.

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Mendix Partner in Thailand: Why Choosing the Right Implementation Partner Matters | TBN Corporation

Not all Mendix partners are equal — and in Thailand, the implementation partner you choose will determine whether your Low-Code project delivers real business value or stalls at deployment. TBN Corporation has been Thailand's authorised Mendix partner since 2008, with 18 years of enterprise implementation experience across banking, insurance, manufacturing, and the public sector.
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What Is Low-Code? Why Thai Enterprises Are Adopting It?

Traditional software development is too slow for today's market. Low-Code platforms are helping Thai enterprises deliver systems faster, adapt to change, and integrate with existing infrastructure — without rebuilding everything from scratch. TBN Corporation breaks down exactly why the shift is happening now.
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