No 1 EUROPEAN MAILING SOLUTIONS SUPPLIER NEOPOST PARTNERS WITH VIETNAMESE FPT SOFTWARE TO ESTABLISH OFFSHORE SOFTWARE DEVELOPMENT CENTER

The leading Vietnamese software company makes a bold move to develop embedded software for the EU market

Hanoi, 20 July 2007: – Hanoi-based FPT Software Joint Stock Company partnered with Europe’s No. 1, and the world’s No. 2, mail processing giant NEOPOST, to establish an Off-shore Development Center (OSDC) located at its headquarters in Hanoi, Vietnam. The 3-year-OSDC co-operation model, signed by the two companies’ CEOs, takes responsibility to develop Embedded Software, PC Applications and Server Development for NEOPOST, and is expected to require up to 150 staff in the forthcoming period.

FPT Software successfully competed with business rivals, including two in India, one in Vietnam and one in Romania, to be trusted by NEOPOST, due to its core competencies such as international quality management, abundant and qualified human resources as well as its modern and secured facilities. Commenting on the partnership, FPT Software CEO and Managing Director Nguyen Thanh Nam said” The EU market is a lucrative one for any software outsourcing players, and we see that this market will enable us to promote our capabilities for embedded software technology, one of our strategic services. Besides, the OSDC establishment not only reflects the EU giant’s long-term commitment to FPT Software, but also paves the way for us to make a bold move into the EU market.”