FPT Software

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FPT Software Ltd.
Subsidiary
IndustryInformation Technology
Founded1999; 19 years ago (1999)
Headquarters,
Vietnam
Number of locations
28 offices (2018)
Area served
Worldwide
Key people
  • Hoang Nam Tien (Chairman)
  • Pham Minh Tuan (CEO)
  • Tran Dang Hoa (COO & MD, FPT Japan)
  • Nguyen Khai Hoan (CFO)
Products
  • Software Solutions
Services
  • Software, ITO Services
Revenue
  • Increase $276 million (2017)
  • Increase $47 million (2017)
Number of employees
  • 15,000 (2018)
ParentFPT Group
Websitewww.fpt-software.com

FPT Software is a global IT services & outsourcing company headquartered in Hanoi, Vietnam. It is a subsidiary of FPT Corporation, a multinational technology conglomerate. Founded in 1999, it is currently the biggest software services company in Vietnam, with generated revenue in 2017 of $276 million and workforce of 15,000 employees. [1][2] FPT Software' services includes Analytics, IoT, Mobility, Cloud, Embedded System, Q&A testing, Legacy Migration, Package Implementation, Application Service, and BPO services. It has more than 27 offices in 16 countries. Most of its employees are based in Vietnam, accounting for more than 80% of the work force. Its major markets are Japan, US, Europe, Asia Pacific.

History[edit]

FPT Software was founded in 1999 by 13 members of FPT Group, lead by Nguyen Thanh Nam (later CEO, Chairman of FPT Software then CEO of FPT Group). It was originally named as FPT Strategic Unit 1 or FSU1, in charge of IT Outsourcing to the global market. The financial crisis and fluctuations within Vietnam’s economy in 1997 and 1998 placed many companies including FPT, at a disadvantage. FPT sought to reach out to the world, like other global companies, and provide software outsourcing services. FPT Software was founded to serve this purpose.[3]

Concept of FPT Complex in Danang, FPT Software’s main office in the area. Phase 1 is done in 2016 and Phase 2 is kickstarted in 2018. The Complex is supposed to be finished all 3 phases by 2024-2025. It is part of FPT City, a 181 hectare neighborhood owned by FPT Group with investment of $1 billion for more than 50,000 citizens, containing facilities such as FPT Complex or FPT University Danang

In 2000, it opened it first oversea branches in Silicon Valley, US and Bangalore, India. Both closed after one year due to a lack of customers. Given that do-or-die situation, the FPT Board of Directors decide to shift its attention to Japan. It ends well where by 2004, the company opens its delivery center in Hochiminh, then Danang in 2005. In the same year, FPT opened its first branch in Japan, then by 2007 in Singapore, 2008 in Paris, France and reopen United States’s branch in the same year.

In 2009, FPT Software reorganized as a joint-stock company, with its CEO Nguyen Thanh Nam promoted to Chairman and Bui Thi Hong Lien, former CEO FPT India and former CEO FPT Japan (a wholly owned subsidiary of FPT and operated by FPT Software), named as CEO.

In 2012, it has its first major organization shift, with change in leadership (Chairman Nguyen Thanh Nam is replaced by Hoang Nam Tien, then Chairman of FPT Land and former Chairman of FPT Trading; CEO Bui Thi Hong Lien is replaced by Nguyen Thanh Lam, EVP & MD, FPT Software Hochiminh), business model (from multiple subsidiary companies to delivery centers and oversea branches), and strategy (from traditional ITO services to SMAC-oriented services). The goal is to reach $100 million revenue by 2013 (Fsoft revenue was $60 million in 2011, with average growth of 10-15% before than)

By the end of 2013, it reached the milestone of $100 million of revenue and 5,000 employees, become the first and only (up until 2018) Vietnamese IT services company to reach that mile stone. The company's goal now changed to reach $1 billion revenue by 2020.

In 06/2014, it acquired RWE IT Slovakia, an IT Business Unit of RWE, becoming the first Vietnamese IT company to conduct an oversea M&A. The deal helps FPT Software to access to the Energy Management domain and knowhow in SAP technologies with more than 400 experts.

In 08/2015, the outgoing CEO Nguyen Thanh Lam (brother of FPT Software founder Nguyen Thanh Nam) is replaced by Hoang Viet Anh, COO & MD, FSU1, former CEO FPT Asia Pacific.

In 2016, FPT Software has reached 2 milestones: 10,000 employees and $230 million of revenue, put it comparable to India top 20 IT Services companies. FPT Japan also reached the milestone of $126 million of revenue, becoming the first Oversea Branch of FPT Software to cross over $100 million milestone.

In 2017, sponsored by FPT Group Chairman Trương Gia Bình, the company launched its major campaigns of Digital Transformation and Whale Hunting Strategy. This helps the group to establish relations with more than 40 major global corporations, of which more than 20 is in Fortune Global 500 such as Airbus [4] [5], Siemens [6] [7] , UPS [8]...etc... By the end of the year, the company has 75 partners in Fortune Global 500.

In 03/2018, FPT Group has a major organization change where three subsidiaries swap their CEOs:

- Pham Minh Tuan, then CEO of FPT Informations Systems and a former EVP of FPT Software, is swapped as the new CEO of FPT Software.

- Hoang Viet Anh, the outgoing CEO of FPT Software, is promoted to FPT Deputy General Director & CEO, FPT Telecom.

- Nguyen Van Khoa, the outgoing CEO of FPT Telecom, is promoted to FPT Deputy General Director & CEO, FPT Information Systems

In 07/2018, FPT Software acquired Intellinet, an US-based consulting firm with 150 high level consultants with revenue of $30 million. The deal is estimated to reach $30-50 million. FPT Japan also reach the workforce of 1,000 employees (not included offshore) by that date, becoming the biggest Vietnamese company in Japan and ranks among top 40 Japanese IT companies. The company is also given green-light by Vietnamese authority to test its driverless car in actual road.

Operations[edit]

Opening of FPT Okinawa R&D Center, the 7th branch of FPT Software in Japan. Participants in the opening ceremony include FPT Chairman Trương Gia Bình, Governor of Okinawa Prefecture Takeshi Onaga, FPT Software leaders among others

Since 2016, FPT Software is organized into 2 distinct groups: 9 Business Units (Named as Fsoft Strategic Unit or FSU) and 4 Groups of Oversea Branches.

List of FSUs[edit]

Designation Full name Role
FSU1 Fsoft Strategic Unit 1 In charge of Incubation & Delivery for English-speaking Market
FSU2 Fsoft Strategic Unit 2 In charge of Incubation & Delivery for East Asian countries (Japan, Korea, Taiwan, China)
DTL Digital Transformation in Logistics In charge of Domain development & Delivery for Logistics & Healthcare
FSG Finance Services Group In charge of Domain development & Delivery for Finance
FGA FPT Global Automotive In charge of Domain development & Delivery for Automotive & Manufacturing
BPS Business Process Services In charge of Business process outsourcing
P3 Project #3 In charge of Delivery for Special Project 3, an ERP system for Japanese SME companies
GES Global Enterprise Services In charge of Delivery for enterprise solutions
EKB ERP & KPO Business In charge of Delivery for ERP & KPO services

List of Groups of Oversea Branches[edit]

Designation Full name Offices Number of Employees (Not included Offshore)
JPG Japan Group Japan: Tokyo, Sapporo, Shizuoka, Yokohama, Nagoya, Fukuoka, Osaka, Okinawa

South Korea: Seoul China: Shanghai Taiwan: Taipei

1,200
APG Asia Pacific Group Vietnam: Hanoi, Ho Chi Minh, Da Nang, Quy Nhon, Can Tho

Hong Kong Thailand: Bangkok Myanmar: Yangon Singapore Malaysia: Kuala Lumpur Philippines: Cebu Indonesia: Jakarta Australia: Sydney

500
USG US Group United States: Chicago, Los Angeles, San Francisco, Dallas, Denver, Seattle, Minneapolis, Atlanta

Canada: Ontario

400
EUG Europe Group France: Paris, Toulouse

Germany: Frankfurt, Essen Slovakia: Kosice

300

Services[edit]

F-Ville 2, an office building owned by FPT Software in Hoa Lac Hi-tech Park. The office can contained as much as 3,000 employees. It is part of FPT University - Software Park Complex, with vision of 10,000 students and 10,000 IT employees in Hoa Lac by 2022
  • Cloud Professional Services
  • Analytics
  • Industrial IoT
  • Legacy Migration
  • Application Services
  • Product Engineering Services
  • Package Implementation
  • Mobility
  • Independent Testing Services
  • BPO Services
  • Software Outsourcing

Products[edit]

  • CitusTM COBOL Suite
  • CitusTM Cloud Suite
  • Emobiz
  • Akaminds
  • Akachain

Acquisitions[edit]

Name Acquisition date Activities Country of HQ Price Employees
(at acquisition)
Reference
RWE IT Slovakia June 2014 SAP & ERP  SVK N/A 400 [9]
Intellinet July 2018 IT Strategy & ERP Consulting  US $30-50 million 150 [10]

References[edit]

  1. ^ http://asia.nikkei.com/Business/Asean-Business-File/Vietnam-s-FPT-to-send-10-000-engineers-to-Japan
  2. ^ http://vtc.vn/nhung-su-kien-noi-bat-cua-fpt-software-trong-nam-2013.1.469749.htm
  3. ^ http://svvn.vn/fpt-software-15-nam-tri-tue-viet-nam-buoc-ra-the-gioi/
  4. ^ "FPT Software and Airbus Ink a Letter of Intent to Cooperate in Aviation Technology".
  5. ^ "Airbus' Skywise data platform gains momentum".
  6. ^ "FPT signs two deals at Vietnam-Germany Business Forum".
  7. ^ "Siemens and FPT agree on cooperation to digitalize logistics".
  8. ^ "FPT signs MoU with UPS in US".
  9. ^ "FPT seals deal for RWE IT Slovakia".
  10. ^ "Vietnam's FPT buys majority stake in US consulting firm Intellinet".

FPT Software Homepage