FPT Software acquires US firm’s IT services division

Phi Nhat

Feb 23, 2023 / 05:23 PM

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.

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The investment is to optimize the efficiency by combining resources of the Vietnamese firm’s services centers in the US and those in neighboring markets.

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