Read about the success story that transformed Servcorp from humble entrepreneurial beginnings into a global network.
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
Launch of Servcorp Online
Further global expansion
Alf Moufarrige, as the quintessential entrepreneur, was about to begin a new venture in 1976. First, he required an office space, receptionist and secretarial support, like any new business starting out. He quickly acknowledged that these costs were eating into his profits and that he was not able to keep this team occupied 100% of the time. He looked to share the space, share a receptionist, share a secretary, share the costs, and reduce the overhead.
The idea of Servcorp began!
In a corner office space in the MLC Centre Sydney in 1978 he started with a piece of chalk to mark out the furniture. From there the idea took hold and grew organically. As he sold one office, he acquired the next. The space quickly grew to one-quarter of a floor with 16 offices.
With enthusiasm, passion and a clear vision of why his formula of Executive Suites multi-tenant office accommodation would work, he started to build Servcorp. Alf's formula was simple and he could explain it on the back of an envelope.
Servcorp, within 12 months, had two floors in the MLC Centre Sydney and a location in Melbourne. To this day, the formula behind "Why Servcorp works" has not changed - provide the best city location; create a professional environment with the very best technology solutions and team support. A Servcorp Executive Suite is the ideal choice for a company wanting the corporate presence, infrastructure and support of a multi-national without having to make the capital investment and commitment normally required. Alf was committed to providing the most cost-effective office solution which allowed clients to focus on their own business and not worry about running the office.
Alf recognized a growing number of home businesses looking for a cost effective city presence and his Servcorp formula was becoming an international success. Alf created the world's first "Virtual Office" in 1980. A Servcorp Virtual Office® allows businesses to have the presence, support and facilities of an Executive Suites office without the cost of full time office space.
Servcorp, over the following years, expanded into Singapore, France, Japan and across South East Asia, closely followed by expansion into Belgium, the Middle East, China, India and New Zealand. In early 2010, Servcorp realized its expansion into the United States.
In 1999, Servcorp was publicly listed on the Australian Stock Exchange (SRV).
34 years later, the formula remains the same: focus on providing business solutions to help our clients save time and money. Servcorp has become a global network which continues to expand. Servcorp's offering is now built around the converged global network allowing clients ultimate portability and flexibility to do business at anytime, from anywhere in the world!