Vietnam´s FPT becomes Homa´s strategic investor, enters Southeast Asia market

KUALA LUMPUR, July 12 (Bernama) -- Vietnam’s largest IT firm, FPT Corporation (FPT) has agreed to become Homa Techs Inc (Homa) strategic investor, thereby entering the Southeast Asia smart home market.

“FPT sees great value in Homa’s smart home technologies and solutions. We are excited to work with Homa to bring this family of products to millions of residents and help accelerate the development of smart buildings and smart cities in Asia,” said FPT chief executive officer, Nguyen Van Khoa.

“Apart from our commitment to research and develop digital solutions, FPT also looks for partnership opportunities to acquire new technological products and solutions which are in line with emerging market trends and our long-term strategies”, he added.

The investment reinforces FPT’s commitment to become a global provider of comprehensive digital transformation services from 2019 to 2021, according to a statement.

The company hopes to diversify its portfolio of hardware products that target smart city developers and better penetrate the Southeast Asia market for IoT and smart home solutions, as well as integrate Homa technologies into IoT and AI products in the future.

FPT is the global leading technology and IT services provider, while Homa is a global provider of Internet of Things (IoT) networking and smart some/building devices. For more information, contact https://www.fpt-software.com and http://www.homatechs.com.

-- BERNAMA