FPT Software - Wikipedia

Vietnamese software company

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FPT Software Co., Ltd

Native name	Công ty Trách nhiệm Hữu hạn Phần mềm FPT
Company type	Subsidiary
Industry	Information Technology
Founded	1999; 25 years ago (1999)
Headquarters	Hanoi, Vietnam
Number of locations	30 countries, 80 offices (2023)
Area served	Worldwide
Key people	Chu Thi Thanh Ha (Chairwoman) Pham Minh Tuan (CEO) Nguyen Khai Hoan (CFO & COO) Vu Tien Dat (CDO) Dao Duy Cuong (CDTO) Nguyen Tuan Minh (CHRO) Do Van Khac (SEVP PPL) Dang Tran Phuong (SEVP NAMA)
Products	Software
Services	Software, ITO Services
Revenue	USD$1.001 billion (FY2023)
Number of employees	30,000+ (2023)
Parent	FPT Group
Website	www.fptsoftware.com

FPT Software Company Limited (Vietnamese: Công ty Trách nhiệm Hữu hạn Phần mềm FPT), also known simply as Fsoft is a global IT services provider headquartered in Hanoi, Vietnam, being the core subsidiary of the FPT Corporation. It is considered one of the biggest software services companies in Vietnam, with US$1.87 billion in revenue (FY2022) and more than 48,000 core employees.

History

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FPT Software was founded in 1999 by 13 members of FPT Group, led by Nguyen Thanh Nam (later CEO, Chairman of FPT Software then CEO of FPT Group). In 2000, it opened two first oversea branches in Silicon Valley, US and Bangalore, India; both closed after one year due to lack of customers. The FPT Board of Directors decided to shift the direction to Japan market, which boosted the growth of the company. In 2005, FPT opened its first branch in Japan, then expanded Singapore in 2007, and to France, Malaysia, and Australia in 2008. In the same year, the FPT Americas was re-opened. The company also opened its domestic delivery center in Ho Chi Minh City (2004), and in Da Nang (2005).

In 2009, FPT Software was re-organized as a joint-stock company, with the newly appointed Chairman Nguyen Thanh Nam (Former FPT Software CEO) and CEO Bui Thi Hong Lien (former CEO FPT India and former CEO FPT Japan).

In 2012, FPT Software has the first major organization shift, with changes in the board of directors, business model (from multiple subsidiary companies to delivery centers and oversea branches), and strategy (from traditional information technology outsourcing (ITO) services to third platform (SMAC)-oriented services). By the end of 2013, FPT Software reached $100 million of revenue and 5,000 employees.

In June 2014, FPT Software acquired RWE IT Slovakia, an IT Business Unit of RWE, becoming the first Vietnamese IT company to conduct an overseas merger and acquisition.[citation needed]

In 2016, FPT Software reached $230 million of revenue and 10,000 employees, which put the company comparable to India Top 20 IT Services companies. FPT Japan also achieved the revenue of $126 million, becoming the first Oversea Branch of FPT Software to cross over $100 million revenue.

In 2017, sponsored by FPT Group Chairman Trương Gia Bình, the company launched its major campaigns of digital transformation and whale hunting strategy, which helped the company to establish relations with more than 40 major global corporations, of which more than 20 are Fortune Global 500 companies such as Airbus, Siemens, UPS, etc. By the end of 2017, FPT Software had 75 partners in Fortune Global 500.[citation needed]

In July 2018, FPT Software acquired 90% of Intellinet, an US-based consulting firm with 150 high-level consultants with revenue of $30 million. The deal was estimated to reach $45–50 million when FPT Software acquired the remaining 10% in the next three years. FPT Japan reached the pool of 1,000 employees (not including offshore), becoming the biggest Vietnamese company in Japan and ranked among Top 40 Japanese IT companies.[citation needed]

In 2020, FPT Software grew 10% in revenue and 13.5% in profits.[citation needed]

In 2022, FPT Software achieved US$800 million in revenue, marking its third consecutive year with a growth rate of 26%.[citation needed] Partnering with Udacity, FPT Software invested US$6 million to enhance employees' technology skills.[citation needed]

In 2023, The company pursued a strategic global expansion plan, acquiring 3 international firms: Intertec International, Cardinal Peak, and AOSIS.

Subsidiaries

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Company name	Relationship with FPT Software	Business Line
RWE IT Slovakia	Subsidiary	Computer Programming & Consultancy
Trandata Technology Engineering Joint Stock Company (TDT)	Subsidiary	Technology, Computer software, Retail
FPT Digital Processing Service Company Limited	Subsidiary	In charge of BPO[1]
Intellinet Consulting LLC.	Second-tier subsidiary	Technology Consultancy
UTOP Ltd.	Subsidiary	Blockchain based loyalty program
Cardinal Peak	Subsidiary	Product Engineering Services
AOSIS	Subsidiary	Technology Consulancy
Intertec International	Subsidiary	Technology Engineering & Consultancy

References

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1. ^ "Toàn cảnh lễ Kick-off FPT DPS".