The technology behind Servcorp’s first “virtual office” was somewhat primitive: a piece of chalk.
The year was 1978, and Australian entrepreneur Alfred Moufarrige realized that the costs of maintaining premium office space in the MLC Centre Sydney, along with a receptionist and a secretarial staff, were eating into his company’s profits. Chalk in hand, he proceeded to divide up his office space, in hopes that he could attract another growing business to move in and reduce his overhead.
Within a year, his new company — Servcorp — occupied two full floors of the MLC Centre as well as a location in Melbourne. Growth steadily continued, as Servcorp expanded into other countries, and pioneered the virtual office concept in 1980. By 1999, Servcorp (SRV) was publicly listed on the Australian Stock Exchange.
Today Servcorp offers office spaces, virtual offices, coworking and IT solutions in over 160 locations across 54 cities in 23 countries, across the Middle East, Asia, Europe, and the US. Servcorp is committed as always to the spirit of entrepreneurialism, providing growing businesses with the best locations, facilities, technology and people available anywhere.