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SB Technology invests in NTQ, a Vietnamese offshore development and ICT solutions company

SB Technology Corp.

SB Technology Corp. (Head office: Shinjuku-ku, Tokyo; President & CEO: Shinichi Ata; hereinafter SBT) made an investment in NTQ Solution JSC. (Head office: Hanoi, Vietnam; CEO: Pham Thai Son; hereinafter "NTQ"), a company that provides offshore development and ICT solutions in Vietnam, with the main purpose of securing talented engineers.

SB Technology Corp. and NTQ Solution JSC.

In Japan, while there is strong demand for digital transformation in various fields, there is a chronic shortage of engineers. SBT considers securing excellent engineers to be an important factor for future business growth in order to realize customer requests and develop new services, and as one of the measures, it has expanded the scale of its use of offshore development in recent years. It has been doing business with NTQ, in which it has invested, since 2019 and has built a relationship of mutual growth.

NTQ was established in Hanoi, Vietnam in June 2011 and is an IT service provider that operates in Japan and globally. In addition to its headquarters in Vietnam, the company has bases in Japan, Korea, Hong Kong, the United States, and Europe. It currently has approximately 1,300 employees (including 900 engineers) and expects to expand to 3,000 employees (including 2,500 engineers) by 2026. NTQ has been selected as one of the top 10 ICT companies in Vietnam for three consecutive years since 2021, and is a rapidly growing company that is actively developing services and researching new technologies.

Against this backdrop, the two companies have agreed to build even greater trust and cooperate to further accelerate their businesses. Furthermore, with this investment, the two companies will work toward achieving the following goals:

Expansion of offshore business:
Establish a technology development center at NTQ and build a development structure of over 100 people by fiscal year 2024
●Human resource development and exchange:
Fostering global talent through mutual exchange of engineers, sharing of the technologies and development knowledge of both companies, and joint promotion of research and development
Initiatives to create new value:
Planning and considering new technologies and service creation, including joint ventures between the two companies

The signing ceremony held on April 6, 2024
The signing ceremony was held on April 6, 2024. From the left: NTQ CEO Pham Thai Son, SBT President & CEO Shinichi Ata

[NTQ Overview]
Company name: NTQ Solution JSC.
Representative: Pham Thai Son
Address: 10F, Tower B, Song Da Building (HH4), Pham Hung Street, My Dinh 1 Ward, Nam Tu Liem District, Hanoi, Vietnam
Established: June 13, 2011
Employees: Approximately 1,300 (as of March 2024)
Business: Software development services, BPO services, integration and solutions, R&D
home page: https://ntq.com.vn/

Contact information regarding this press release

● SB Technology Corp. Public Relations Department
E-mail: sbt-press@tech.softbank.co.jp