FPT, the global leading IT Service Provider headquartered in Vietnam, and Intellinet, a US-based purpose-driven management consulting and technology services firm, yesterday evening reached a definitive agreement for FPT to become a major shareholder of Intellinet, expanding the company’s footprint in the US. Accordingly, FPT agreed to pay at least $30 million for 90 percent of U.S.-based consulting firm Intellinet Corp.
Under this agreement, Intellinet will continue to operate as an independent organization. However, the two sides will be able to leverage each other’s strengths. With this new partnership, Intellinet enhances FPT’s offerings with its strategy and management consulting capabilities and becomes part of a company with deep offshore capacity and a focus on digital transformation.
FPT, by partnering with the world’s technology disruptors like Amazon Web Services, Microsoft, Siemens, and GE, has been continuously enhancing its technology as well as domain expertise to help provide more value-added services to clients across the globe. The company has been providing technology services for nearly 200 customers in the US from various business domains, including aerospace and aviation, healthcare, banking and finance, telecommunications, retail, and automotive.
Meanwhile, Intellinet’s strategy and technology consulting capability in transforming client’s business and providing customers seamless digital experiences has been proven throughout 20 years of operation with thousands of projects successfully delivered, helping clients to maximise their investment and increase business efficiency.
This partnership enables both companies to deliver end-to-end strategic IT services on a global scale, helping clients to accelerate their digital transformation journey. With the team of 150 Intellinet consultants joining FPT’s taskforce, the two companies are able to provide a full range of technology solutions from consultancy, requirement definition, system design, development, implementation, and maintenance for clients across the globe.
“Being a technology partner of global enterprises in the Fourth Industrial Revolution, we realise that there exists a huge demand for digital transformation consultancy and implementation services. By making a strategic investment in Intellinet, FPT is now more than ready to provide comprehensive digital transformation solutions for top companies, elevating Vietnam’s position on the global technology map,” said Truong Gia Binh, chairman of FPT Corporation.
“After 25 years of leading Intellinet as founder and chairman, Intellinet is becoming the US’ gateway to a global organisation through a strategic equity investment by FPT Software,” said Frank Bell, Intellinet’s founder and chairman of the board. “I could not be more proud of Intellinet and our leadership team. I am excited to be a part of this transaction and the opportunity it creates to grow Intellinet into the global technology leader we have always believed it had the potential to become.”
“We are thrilled to join the FPT family,” said Intellinet’s CEO Mark Seeley. “By combining our business acumen, industry expertise, and technology execution, our teams can deliver more innovation and transformational solutions that will truly make a measurable impact on our clients’ businesses.”
Credit: Vietnam Investment Review