AN Information technology company will be setting aside P200 million for capital expenses, bulk of which will be spent on the construction of its building at the South Luzon Expressway.

Total Information Management Corp. (TIM) intends to begin construction of its eight-story structure by April this year, president and CEO Jose Mari M. Antunez said.

“The building, including the lot, will cost around P350 million and will take about two years to construct,” Antunez said, adding that the cost will be spread over two years. Currently, TIM’s corporate office is located along Pasong Tamo in Makati City.

Antunez said that its new building will also have a business recovery center (BRC), allowing its customers to enjoy uninterrupted operations in case of unplanned events that render their own data centers inoperable.

TIM manages three existing BRCs in the country, namely in Makati, Alabang, and recently, in Cebu which cost P40 million, to serve the needs of its growing clientele.

BRC facilities are designed using world-class standards for Data Centers in terms of ISO quality compliance, 24/7 availability, support for multiplecomputing platforms, uninterruptible power supplies, infrastructure protection, physical security and multitelco network connectivity.

Antunez said the company will invest P20 million to Versaprint, a printing company it controls.

The company will also spend some of its capex for the maintenance of its BRCs and other IT needs.

TIM was able to meet its targeted revenues of over P1 billion last year, including sales of its affiliate Strategic Synergy Inc.

This year, Antunez said the company is expecting consolidated revenues to reach P1.5 billion for 2008 since it remains optimistic that it will soon secure another IT solutions contract with another government-owned entity.

Offering total IT solutions, TIM’s biggest market are banks, insurance and manufacturing companies. Established in 1985, the company, which started as a seller of refurbished mainframe computers, currently hardware, software, maintenance services, system integration, business recovery and outsourcing services. Among its customers include the Professional Regulatory Commission and the National Computer Center.

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AN Information technology company will be setting aside P200 million for capital expenses, bulk of which will be spent on the construction of its building at the South Luzon Expressway.

THE Philippine Stock Exchange Index lost 4.99 or 0.2 percent, to 3,176.06 at the close in Manila, reversing earlier gains. The following are among the most active stocks in the Philippine market Thursday.

PUT it down perhaps to the Year of the Rat. Things are certainly picking up for the Tan Yu Group and its Philippine head, Elena Tanyu Coyiuto.