FPT : Software invests in a technology company in the Americas

HANOI, Vietnam - July 26, 2021 -Today, FPT Software announced an investment in Global IT service provider Intertec International (Intertec), aiming to advance its effort to provide solutions, technology services and digital transformation in the Americas market.

This investment is aligned with the strategic direction of FPT Software (a subsidiary of FPT Corporation), which is intended to optimize the efficiency of combining resources of its services centers in the US and ones in neighboring markets.
Pursuant to the investment agreement, FPT Software is entitled to access and allocate resources of Intertec's 2 service centers in Costa Rica and Colombia. This deal also enables FPT Software to tap into Intertec's wealth of operational experience in Latin America (LATAM). On this account, FPT Software would be able to expand business opportunities in the US and LATAM, and address increasing demand in these 2 markets.

Intertec International's office in Costa Rica

According to Deloitte, traditional IT was designed for stability and incremental growth based on long release cycles. But faced with the unprecedented uncertainty of covid-19, businesses now more than ever need to adjust and adapt to an entirely new way of investment in technology. In this setting, Agile Software Development is preferred by strategic planners in the US, as it is a new way of working and behaving that enables organizations to deploy technology solutions and services in the future

Intertec International's strength in Agile Software Development and FPT Software's ability to advise and deploy technology solutions and services will help to establish a solid foundation for their commitment to bringing quality service experiences high quality for customers in the English-speaking market and in the US.

Together with FPT Software's production center in Costa Rica, the two firms can cut through cultural and time-zone barriers between US customers and production centers outside the continent, saving up to 30 % operating costs.

At the other end, with this cooperation, Intertec International will also gain competitive advantages from the resonance of FPT Software's resources, including platforms, infrastructure, and proprietary technology developed by FPT Software, with a network of 22 service centers worldwide.

Mr. Rickard Hedeby, CEO of Intertec International, shared: ' We have known FPT Software, its people and its management for quite some time now and have worked on a number of successful joint engagements. We're excited to be aligned with an organization that shares our ideals of providing exceptional customer value and proactive engagement.'

'Costa Rica and Colombia are attractive service hubs and renowned outsourcing destinations in the LATAM region, so I believe there are huge potentials for us to tap into. With the combination of the region's geographical advantages, business-friendly government policies, our digital solutions and both companies' technical know-how, we aim to assist more customers at an accelerated speed while saving costs', said FPT Americas Chief Executive Officer Dang Tran Phuong.

After two decades of leading Southeast Asia in IT outsourcing, FPT Software shifted its strategic focus onto digital transformation in 2019. The company aims to become a billion-dollar IT and digital transformation services provider by 2024.

Intertec International is an IT & Technical Services company founded in 2002, headquartered in Phoenix, Arizona, with offices across the US, UK, and Nearshore Technology Centers in Costa Rica and Colombia. Intertec International provides technology solutions and services to Fortune 500 and mid-size companies in a variety of vertical markets. Managing challenging industry- specific IT programs is one of Intertec's core competencies. Its organizational flexibility also allows it to offer customized solutions to new industries to our portfolio by using proven methodologies for initiating and implementing programs. Intertec's experience and subject matter expertise include industries such as banking, financial services, insurance, CPG, logistics, technology, and aerospace.