FPT announces strategic investment in Homa Techs

FPT entered into an agreement to become the strategic investor of Homa Techs Inc. (Homa), a provider of Internet of Things (IoT) networking and smart home/building devices on July 11, 2019.

With its technologies, experiences and global business network, FPT will cooperate with Homa Techs to further product development in Asia with the immediate focus on the Southeast Asia.

“FPT sees great value in Homa’s smart home technologies and solutions. How to use technology to help people, bringing the values to life is a question that has been bothering FPT over the past 30 years. In the following years, FPT focuses on digital transformation strategy, offering digital products and services. We are excited about the ecosystem of Homa. With its technological ecosystem, existing partners and customers, FPT hopes to connect Homa's products/services to millions of devices and develop the system for its partners," stated FPT CEO Nguyen Van Khoa.

FPT CEO Nguyen Van Khoa stated at the event.

"In the field of IoT, a lot of money must be spent on those products Homa is developing. If there was no investment strategy partners like FPT, we could not achieve such results and dare to think further. We hope to reach out to the world with FPT's network,” said CEO of Homa Techs Nguyen Duc Long.

Multi-protocol IoT hubs can integrate all smart devices in a house into IoT applications.