Vietnamese software firm takes over subsidiary of German RWE
RWE IT Slovakia was established in 2004 and currently has more than 400 employees; most are experts in SAP area. As an internal IT Service provider RWE IT Slovakia delivers high quality services to RWE Group mainly in the area of SAP and ‘Smart Home’ solutions.
Under the agreement with FPT, the IT services provided to RWE Group will be delivered jointly from FPT Software Vietnam and FPT Slovakia. Consequently the deal helps RWE Group to save US$ tens of millions in next five years and helps FPT to expand its global delivery capabilities especially in Europe and its expertise area of SAP, Utility domain and “Smart Home” solutions, said FPT Software’s Chief Executive Officer Mr. Nguyen Thanh Lam.
FPT, whose clients include Microsoft Corp. and Panasonic Corp., earned $130 million from overseas markets in 2013 and plans to raise that figure to $340 million by 2016. Its overseas revenues during the first five months this year surged nearly 20 percent year on year to $52 million.