FPT Software acquires Intertec IT Services, strengthens North American presence

FPT Software’s Board of Management paid a visit to Intertec International on February 19, 2023 (Photo: Business Wire)

KUALA LUMPUR, Feb 23 (Bernama) -- Vietnam’s leading technology firm, FPT Software, has acquired Intertec International’s (Intertec) IT Services division, to further strengthen its North American nearshore delivery capabilities.

Following the success of an initial investment in Intertec in 2021, this majority investment enables FPT Software and Intertec to provide customers with a seamless experience by leveraging both organisations' strengths.

Intertec Engineering, the company’s Technical Services division focused on aerospace and government, will remain an independent entity, according to FPT Software in a statement.

This investment enables FPT Software to further address increasing demands for Agile software engineering and bridge the time zone difference, as well as continue to leverage and build upon Intertec’s delivery centres and operational experience in Costa Rica, Colombia and Mexico.

“Seeing the synergies and success of our relationship with Intertec made this deal a natural next step.

“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 realise their speed-to-market goals and provide 24/7 support,” said FPT Americas Chief Executive Officer (CEO), Dang Tran Phuong.

Meanwhile, Intertec CEO, Rickard Hedeby said: “By combining forces, we can provide greater value to our customers and expand career opportunities for our employees.”

As FPT Software company, Intertec customers will find a trusted partner providing greater scale and global delivery options through the Vietnamese IT firm’s extensive network of 27,000 employees in 29 countries.

The move is a part of FPT Software's global growth strategy and will boost its presence in the Americas. It has gained nearly 300 employees and four offices with this investment, and sets its sight on growing its headcount in the Latin American region to 1,000 in the next two years.

-- BERNAMA