FPT has signed a Strategic Investment and Master Service Agreement to acquire up to a 10% stake in Blueward (formerly ISTN), South Korea’s largest independent SAP consulting and IT services provider. The investment precedes Blueward’s planned 2028 IPO.
Core Objectives:
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Market: Fortify SAP ERP consulting and delivery capability in the Korean enterprise sector.
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Synergy: Combine Blueward’s local SAP expertise with FPT’s global scale (2,000 SAP specialists).
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Model: Implement co-selling and co-delivery for accelerated project execution and cost efficiency.
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Expanded Services: Broaden offerings across SAP S/4HANA, BTP, SAP AI, and specialized financial solutions (IFRS, risk management).
Impact: Addresses rising APAC demand for integrated SAP transformation, positioning FPT for significant expansion in the South Korean market.