Vietnamese tech major FPT invests in US-based IoT company Homa

Vietnamese tech major FPT Corporation has made a strategic investment in US-based IoT devices provider Homa Techs Inc to develop smart home solutions, according to a company statement.

Terms of the investment were not disclosed.

The Vietnamese company said, the strategic investment has been made through its unit FPT Software.

“FPT sees great value in Homa’s smart home technologies and solutions. With a network of partners and clients spanning 45 countries and territories, we are excited to work with Homa to bring this family of products to millions of residents and help to accelerate the development of smart buildings and smart cities in Asia”, FPT’s CEO Nguyen Van Khoa said.

Homa offers services in smart factory, digital platforms, RPA, AI, IoT, cloud and AR/VR, among others. It claims to have served over 600 customers worldwide including Fortune Global 500 companies across sectors such as  aerospace and aviation, automotive, banking and finance, utilities, logistics and transportation.

Homa has launched Multi-Protocol IoT Hubs, which integrate up to 240 devices in the house with IoT applications, such as switches, smart plugs, light controllers, sensors, door bells, door locks with camera, mobile apps and home service software.

Founded in 1988, FPT is a listed tech company with a market capitalisation of around $1.4 billion. The group has interests in telecom, IT, education and startup incubation.