70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Corporate News
FPT Software acquires US firm’s IT services division
Phi Nhat 17:23, 2023/02/23
FPT Software wants to expand business opportunities in the US and Latin America through mergers & acquisitions (M&A).

Hanoi-based FPT Software, Vietnam’s technology firm, has acquired Intertec International’s (Intertec) IT services division to strengthen its presence in the Americas.

 PT Software sets its sight on growing its headcount in the Latin American region to 1,000. Photo: FPT

The move is a part of FPT Software’s global growth strategy in 2023.

Following the success of an initial investment in Intertec in 2021, this investment enables FPT Software to address increasing demands for Agile software engineering and bridge the time zone difference.

FPT Americas CEO Dang Tran Phuong said: “We are committed to providing exceptional services to our customers and have listened to their needs for a mix of offshore, nearshore and onsite delivery models to help them realize their speed-to-market goals and provide 24/7 support.”

The Vietnamese IT firm will continue to leverage and build upon Intertec’s delivery centers and operational experience in Costa Rica, Colombia, and Mexico, which are attractive service hubs and renowned outsourcing destinations in the Latin America region.

Intertec International’s CEO Rickard Hedeby said: “We have worked with FPT Software for several years, and we look forward to taking our relationship to the next level. By combining forces, we can provide greater value to our customers and expand career opportunities for our employees.”

In the next two years, FPT Software sets its sight on growing its headcount in the Latin American region to 1,000.

RELATED NEWS
TAG: M&A FPT Software Intertec International
Other news
22:32, 2024/04/02
Vingroup chairman still Vietnam’s wealthiest businessman: Hurun report
All Vietnamese billionaires advance in the Global Rich List 2024, announced by research firm Hurun.
15:48, 2024/03/26
50 business leaders discuss future of AI at international conference ICISN 2024
This year's theme, 'Applying AI for Smart Solutions,' encompassed two focused discussions on the impact of Artificial Intelligence technology across various fields.
17:51, 2024/03/19
Maersk plans to build Vietnam’s largest deep-water port
Vietnam's commitment to net-zero greenhouse gas emissions at COP26 is also aligned with the A.P. Moller Maersk Group's development of green fleets and green ports.
15:47, 2024/01/31
FPT Long Chau forms partnership with IHH Healthcare Singapore
This initiative aims to bring advanced medicine closer to the Vietnamese people, fulfilling the mission of making comprehensive healthcare available to the population.
23:43, 2024/01/17
New agreement enhances Vietnam-Singapore tourism cooperation
Vietnam is one of the top 10 source markets for Singapore.
18:06, 2024/01/11
New Oakwood Hospitality location in Quang Ninh
The collaboration brings the world-renowned Oakwood brand, present in more than 15 countries worldwide, to Ha Long City, marking a significant milestone for the region in upscale international hospitality.