FPT Software opens office in Mexico, aiming for $1 billion in revenue

VietNamNetVietNamNet09/09/2023


The flexible and creative culture of FPT people, along with attractive policies and benefits for employees, are considered bright spots for FPT Mexico to attract more talented employees.

Thanks to its similar time zone to San Francisco, Los Angeles and Dallas, Guadalajara is considered an ideal place to establish software development centers serving large customers in the US market.

In addition, this city is also an educational center in Mexico, training thousands of students in the field of information technology every year. This is also the main reason why many large American technology companies always prioritize building a technology ecosystem here.

“Intel's first 5G processor manufacturer was also developed by Mexican engineers,” said Nguyen Quoc Su, Director of FPT Mexico.

Together with Mexico, the offices in Costa Rica and Colombia will create a solid tripod for FPT Software in Latin America. The offices here will attract talents from more than 30 countries in the region to work.

This strategy aims to take advantage of time zones and good English-speaking technology resources to enhance the ability to conquer the potential US market.

FPT Mexico, together with other software development centers in India, Philippines, Costa Rica and Colombia, will firmly ensure the ability to provide 24/7 service to customers in the US.

The establishment of an office in Guadalajara is an important milestone in realizing the determination to increase its global presence, take advantage of international resources, and turn FPT Software into a World-Class, multinational, and multicultural company. The flexible and creative culture of FPT people, along with attractive policies and benefits for employees, are considered bright spots for FPT Mexico to attract more talented employees.

Thus, since the beginning of the year, FPT Software has opened 4 offices globally.

In March 2023, FPT Software announced the acquisition of the entire technology services sector - one of the strategic business areas of Intertec International in the US.

This deal is part of FPT Software's strategy to expand its global technology service centers, aiming to become a world-class billion-dollar technology company by 2023.

The partnership between the two parties began with FPT Software’s investment in Intertec in 2021. In 2023, along with this deal, FPT Software will expand its presence in Costa Rica, Colombia and Mexico, which are also the three countries with Intertec’s technology manufacturing centers.

Accordingly, together with FPT Software's network of 22 technology supply centers worldwide, the newly merged Intertec technology service division will help both sides accompany customers in the fastest way in all time zones, all locations and maximize the unlimited opportunities from the English-speaking market. At the same time, it will help FPT Software improve its ability to meet the quality of products and solutions in the field of agile software for customers.

The US is one of FPT Software's two largest markets, contributing the highest profit among all markets, with a growth rate of 50% in 2022. FPT Americas' revenue increased 5 times and profit increased 10 times from 2017 to 2022. The US branch continues to implement its plan to expand its presence and aims to reach a scale of 1,000 employees in the Latin American region in the next 2 years.

Since 2014, FPT Software has merged with RWE IT Slovakia to expand its customer base in public infrastructure. This is the first M&A deal in the field of information technology in Vietnam in the foreign market. In 2018, FPT Software acquired 90% of the shares of Intellinet, a digital transformation roadmap consulting company with the fastest growth rate in the US, as assessed by Consulting Magazine in 2017.

Recently, FPT Software has been continuously expanding its presence in many countries. Mergers and acquisitions play an important role in FPT Software's global strategy, aiming to reach a revenue of 1 billion USD by the end of 2023 and become a Top 50 global technology company by 2030.



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