Signing ceremony between FPT and Intellinet.
Under this agreement, Intellinet will continue to operate as an independent organisation; however, the two sides will be able to leverage each other’s strengths. With this new partnership, Intellinet enhances FPT’s offerings with strategy and management consulting capability and becomes part of a company with deep offshore capacity, focusing on digital transformation.
FPT will pay USD 30 million in cash and the rest of the payment will depend on the performance of Intellinet over the next three years. The US firm recorded USD 30 million in revenue in 2017.FPT, by partnering with the world’s technology disruptors such as Amazon Web Services, Microsoft, Siemens, GE etc., has continuously enhanced its technology as well as domain expertise to help provide more value-added services to clients worldwide. The company has been providing technology services for nearly 200 customers in the US from various business domains, including Aerospace & Aviation, Healthcare, Banking & Finance, Telecommunications, Retail, and Automotive. Meanwhile, Intellinet’s strategy and technology consulting capability in transforming client’s business, 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’s consultants joining FPT’s task force, the two companies are able to provide full ranges of technology solution from consultancy, requirement definition, system design, development, implementation and maintenance for worldwide clients.
“Becoming a technology partner of global enterprises in the fourth industrial revolution, we realise that there exists a huge demand in digital transformation consultancy and implementation services. By making strategic investment in Intellinet, FPT is now more than ready to provide comprehensive digital transformation solution for top companies, elevating Vietnam’s position on the global technology map,” said FPT chairman Truong Gia Binh at the signing ceremony on July 12.
Speaking at the ceremony, Frank Bell, Intellinet’s Founder and Chairman of the board said that he was pleased to announce that Intellinet was becoming the US gateway to a global organisation through a strategic equity investment by FPT Software.
"I couldn’t be more proud of Intellinet and our leadership team," he said. "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 Mark Seeley, Intellinet’s Chief Executive Officer. “By combining our business acumen, industry expertise, and technical execution, our teams can deliver more innovation and transformational solutions that will truly make a measurable impact on our clients’ businesses.”
FPT is the biggest IT service company in Vietnam and the region with nearly US$ 2 billion in revenue and more than 32,000 employees, including nearly 14,000 technology specialists. FPT currently provides IT service in 33 countries all over the world, with key markets such as Japan, the US and Europe.
Intellinet was founded in 1993 and is headquartered in Atlanta. The US tech firm is seen as one of the fastest growing tech advisory firms in the country based on their 2013-16 revenues, according to Consulting Magazine.
