FPT Software

FPT Software Ltd.
Type	Subsidiary
Industry	Information Technology
Founded	1999
Headquarters	Hanoi, Vietnam
Number of locations	28 offices (2018)
Area served	Worldwide
Key people	Hoang Nam Tien (Chairman); Pham Minh Tuan (CEO); Tran Dang Hoa (COO & Chairman, FPT Japan); Nguyen Khai Hoan (CFO);
Products	Software Solutions;
Services	Software, ITO Services;
Revenue	$370 million (2018);
Net income	$60 million (2018);
Number of employees	15,000 (2018);
Parent	FPT Group
Website	www.fpt-software.com

FPT Software is a global IT services and outsourcing company headquartered in Hanoi, Vietnam. It is a subsidiary of FPT Corporation, a multinational technology conglomerate. Founded in 1999, it is by 2019 the biggest software services company in Vietnam, with generated revenue in 2018 of $370 million and workforce of 16,000 employees.[1][2] FPT Software's 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, United States, Germany, Singapore, Malaysia, France and South Korea.

History

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]

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 CEO of FPT Group & Chairman of FPT Software 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 90% of Intellinet, an US-based consulting firm with 150 high level consultants with revenue of $30 million. The deal is estimated to reach $45–50 million when FPT Software acquire the rest 10% in the next 3 years. 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

Since 2019, FPT Software is organized into 4 distinct groups: 9 Delivery Units (Named as Fsoft Strategic Unit or Fsoft Competency Units), 4 Groups of Oversea Branches, 7 Business Units (Vertical Industries and Mass) and 3 subsidiary companies.[9]

List of Fsoft Delivery Units

Designation	Full name	Role
FHN	Fsoft Hanoi	In charge of Application Development & Maintenance for Hanoi Area
FDN	Fsoft Danang	In charge of Application Development & Maintenance for Danang Area
FHM	Fsoft Hochiminh	In charge of Application Development & Maintenance for Hochiminh & Cantho Area
EBS	Enterprise Business Services	In charge of ERP & Enterprise solution/products
FGA	FPT Global Automotive	In charge of Automotive, Embedded, CAD/CAE, IC design services
IVS	Independent Verification Services	In charge of Testing services
GST	Global Smart Technologies	In charge of Smart Devices development services
P3	Project #3	In charge of Delivery for Special Project #3, an ERP system for Japanese SME companies
FSK	FPT Slovakia	In charge of Delivery for Slovakia Nearshore Development Center

List of Groups of Oversea Branches

Designation	Full name	Offices	Number of Employees (Not included Offshore)
FJP	FPT Japan	Japan: Tokyo, Sapporo, Shizuoka, Yokohama, Nagoya, Fukuoka, Osaka, Okinawa, Toyota, Hiroshima South Korea: Seoul (FPT Korea) Taiwan: Taipei	1,300
FAP	FPT Asia Pacific	Singapore Malaysia: Kuala Lumpur Australia: Sydney, Melbourne Philippines: Cebu Indonesia: Jakarta Vietnam: Hanoi, Ho Chi Minh, Da Nang, Quy Nhon, Can Tho China: Shanghai, Hongkong Thailand: Bangkok Myanmar: Yangon	700
FAM	FPT America	United States: Chicago, Los Angeles, San Francisco, Dallas, Denver, Seattle, Minneapolis, Atlanta, Detroit Canada: Ontario	400
FEU	FPT Europe	France: Paris, Toulouse Germany: Essen Slovakia: Kosice	300

List of Business Units

Designation	Full name	Role
MFG	Manufacturing Group	In charge of developing Manufacturing sector
FSG	Financial Services Group	In charge of developing BFSI sector
DLG	Digital Logistics Group	In charge of developing Logistics sector
AMG	America Group	In charge of developing business in Americas
JSI	Japan System Integration	In charge of high-tech & developing business in North East Asia
APG	Asia Pacific Group	In charge of developing business in Asia Pacific
EUG	Europe Group	In charge of developing business in Europe

List of Subsidiary Companies

Designation	Full name	Role
AKC	Akachain	In charge of developing & promoting Akachain, FPT Software's Blockchain Platform
DPS	Digital Process Services	In charge of BPO [10]
INT	Intellinet	A company partly-owned by FPT Software since 2018, Intellinet is an US-based consulting company

Services

Cloud Professional Services
Analytics
AI
Industrial IoT
Legacy Migration
Application Services
Product Engineering Services
Package Implementation
Mobility
Independent Testing Services
BPO Services
Software Outsourcing

Products

Citus^TM COBOL Suite
Citus^TM Cloud Suite
Emobiz
Akaminds
Akachain
Akaworks
Akabot

Acquisitions

Name	Acquisition date	Activities	Country of HQ	Price	Employees (at acquisition)	Reference
RWE IT Slovakia	June 2014	SAP & ERP	SVK	N/A	400	[11]
Intellinet	July 2018	IT Strategy & ERP Consulting	US	$30–50 million	150	[12]

gollark: It's possible that will go away somewhat with increasing automation.

gollark: If it increases earnings substantially, it might be.

gollark: When it's that expensive and you can also learn a decent amount of stuff independently...

gollark: There's a table of number of people doing each thing and employment % and such in the report somewhere too.

gollark: Slightly.

References

FPT Software Homepage

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[1] ttp://asia.nikkei.com/Business/Asean-Business-File/Vietnam-s-FPT-to-send-10-000-engineers-to-Japan

[2] ttps://anninhthudo.vn/kinh-doanh/thanh-tich-vuot-troi-cua-tap-doan-fpt/798212.antd

[3] "Archived copy". Archived from the original on 2018-01-21. Retrieved 2016-02-02.CS1 maint: archived copy as title (link)

[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] ttp://chungta.vn/tin-tuc/kinh-doanh/fpt-software-lam-moi-to-chuc-huong-den-world-class-69140.html

[10] ttp://chungta.vn/tin-tuc/kinh-doanh/toan-canh-le-kick-off-fpt-dps-69602.html

[11] "FPT seals deal for RWE IT Slovakia".

[12] "Vietnam's FPT buys majority stake in US consulting firm Intellinet".