FPT IS establishes AI - Cloud - Security joint venture in Indonesia

FPT IS and Metrodata Electronics, a leading IT firm in Indonesia, recently formalized their partnership by signing a cooperation agreement to establish a joint venture named PT FPT Metrodata Indonesia (FMI). This collaboration aims to focus on developing cutting-edge cybersecurity, AI, and Cloud solutions, with the vision of positioning Indonesia as a leader in digital transformation and AI within Southeast Asia.

The signing ceremony was attended by distinguished guests, including Mr. Ta Van Thong, the Ambassador Extraordinary and Plenipotentiary of Vietnam to Indonesia, Mr. Pham The Cuong, the Trade Counselor of Vietnam to Indonesia, along with executives from Metrodata, FPT IS, and FPT Indonesia.

The signing ceremony of cooperation to establish joint venture PT FPT Metrodata Indonesia (FMI).

Indonesia is rapidly emerging as one of the fastest-growing digital economies in Southeast Asia, with projections indicating it could become the region's most prominent digital economy by 2030. According to the e-Conomy SEA 2023 report, Indonesia's digital economy is anticipated to soar to 360 billion USD by 2030, a significant leap from 110 billion USD in 2025, creating a robust environment for the growth of AI and cybersecurity.

Metrodata Electronics stands as a leading IT company in Indonesia, offering a comprehensive suite of digital solutions that includes IT delivery, managed services, and system integration. The company boasts a presence in over 330 cities across Indonesia and partners with over 6,000 channel partners, representing over 100 world-class IT product and service brands. With its emphasis on innovation and technology, Metrodata has solidified its status as a critical player in the country's rapidly evolving IT landscape.

Under the recent cooperation agreement, FPT IS and Metrodata Electronics have established a joint venture named PT FPT Metrodata Indonesia (FMI) to capitalize on new opportunities and jointly invest in research and development of advanced technology services. This joint venture will initially focus on cybersecurity solutions, a critical component of Indonesia's digital economy, before expanding into cloud computing, AI services, and the development of software-as-a-service (SaaS) solutions tailored to the Indonesian market. The venture aims to achieve revenue of 100 million USD within the next five years.

Initially, PT FPT Metrodata Indonesia (FMI) will concentrate on developing core cybersecurity services, including: Security Operations Center (SOC); Security Management Services; Security Professional Services; Security Consulting & Advisory; Security Incident Monitoring & Detection.

FMI plans to establish a new SOC model that enhances its monitoring services for diverse customer profiles using SIEM (Security Information and Event Management). This multi-dimensional solution will enable organizations to proactively address cybersecurity threats before they impact operations, making it particularly suitable for medium-sized enterprises. This initiative aligns with Indonesia's Personal Data Protection (PDP) law and the increasing demand for cybersecurity monitoring services. FMI aims to develop and launch a product tailored to the Indonesian mid-market within 12 months by leveraging FPT IS's robust security capabilities, particularly the FPT.EagleEye technology solution suite, FMI seeks to optimize costs associated with enterprise management services.

With Metrodata's deep understanding of the Indonesian market combined with FPT IS's global technology deployment capabilities, FMI is poised to create a world-class technology ecosystem that meets the market's stringent requirements, positioning itself as a leader in both Indonesia and the wider region.

The collaboration of FPT IS and Metrodata aims to develop a world-class technology ecosystem, taking the lead in Indonesia and the broader region.

Mr. Susanto Djaja, CEO of Metrodata Electronics, stated, "Metrodata Electronics stands as a leading IT corporation in Indonesia, offering a comprehensive range of digital solutions from IT distribution to managed services and system integration. With nearly 50 years of experience, we have been at the forefront of driving digital transformation in Indonesia. We believe our collaboration with FPT IS will pave the way for new opportunities, further solidifying Metrodata's leadership in advancing Indonesia's AI transformation."

Mr. Tran Dang Hoa, Chairman of FPT IS, emphasized, "FPT's development strategy focuses on AI, Semiconductors, Automotive Technology, digital transformation, and green transformation. We are fully committed to investing resources to emerge as a leader in AI. Our partnership with Metrodata and the establishment of FMI mark significant steps toward achieving this goal, positioning us as market leaders in providing AI and cybersecurity solutions. We aspire to leverage technology to deliver breakthrough value for businesses and communities in both countries and beyond."

FPT IS, a key subsidiary of FPT Corporation, has established itself as a leading technology partner over its 30-plus years of development. With an ecosystem encompassing over 3,000 customers and 20 global technology partners, the company is renowned for deploying backbone technology systems nationwide and spearheading digital transformation initiatives in critical sectors such as finance, banking, and enterprises. In 2024, FPT IS aims to transition into a Global Product Company dedicated to leveraging technology to create "The Next." This vision includes the enhancement of its "Made by FPT IS" solution ecosystem, grounded in core technologies like AI, Data, and Cloud, to facilitate effective digital and green transformations for businesses.

FPT IS and Metrodata recently announced a strategic cooperation agreement focused on digital transformation, harnessing the capabilities of Cloud, Data, and AI. This significant announcement occurred during Indonesian President Joko Widodo's state visit to Vietnam from January 11-13, 2024, where he encouraged major Vietnamese enterprises to increase investments in Indonesia, particularly in the tech sector.

The collaboration between FPT IS and Metrodata—two premier technology firms from Vietnam and Indonesia—highlights the crucial role of technology enterprises in supporting government efforts for effective digital transformation. It underscores the potential for robust, long-term cooperation between the two countries.