On May 22, SEAF Blue Waters Growth Fund SEAF BWGF (managed by Small Enterprise Assistance Funds (SEAF) announced today a new investment in a growth-oriented software development firm in Vietnam. VietSoftware International (VSII) received mezzanine financing from SEAF BWGF to support the company's planned increase in programmers to 800 by 2011 to meet growing demand for its services from both current and potential customers. In addition to the investment capital, SEAF will provide VSII with technical assistance to improve the company's strategy development, corporate governance, operational management, and business networking. The investment comes at a crucial point for the company and will help it expand significantly in a sector that is showing continued demand despite the current global economic downturn. VietSoftware International is a subsidiary of VietSoftware Incorporated, one of the leading technology service companies based in Vietnam. SEAF BWGF's mezzanine investment in the … [Read more...] about Seaf Blue Waters Growth Fund Announces Investment in Vietnam Software Company
Vietnam software development company
Siemens’ latest NX software benefit companies
Siemens' latest NX software will help companies make smarter decisions throughout design, simulation and manufacturing for increased flexibility and productivity. Siemens PLM Software has announced the latest release of NX™ software, the company's fully integrated computer-aided design, manufacturing and engineering analysis (CAD/CAM/CAE) solution. The latest version, NX 8.5, includes extensive customer-driven enhancements and new capabilities that provide increased flexibility and productivity across product engineering and manufacturing to help reduce time to market. NX 8.5 builds on Siemens PLM Software's HD-PLM vision, which was established to help companies make smarter decisions more efficiently and with a higher level of confidence. "The extensive customer-driven enhancements and new capabilities in NX 8.5 will help our customers further reduce time to market and facilitate smarter decisions that result in better products," said Jim Rusk, senior vice president of … [Read more...] about Siemens’ latest NX software benefit companies
Japan’s NEC sets up software developer in Vietnam
NEC Soft, a subsidiary of Japanese electronics giant NEC Corp, said Monday it has set up a US$1 million software-developing firm in Vietnam's capital Hanoi, Kyoto reported. NEC Solution Vietnam Co., established on April 28, was owned 60 percent by NEC soft, a Tokyo-based software developer. The remainder belonged to NEC Solutions Asia Pacific, a NEC unit in charge of overseeing sales activities in Southeast Asia. NEC Soft would task the new Vietnamese arm with writing computer software to be marketed under the NEC Soft brand, while arranging for it to provide systems integration services to Japanese companies operating in Vietnam, Kyoto said. In addition, the new subsidiary would provide systems integration services to Vietnamese government ministries and agencies as well as to local financial institutions. The new arm would kick off operations on June 1 with a 40-person workforce, which will be expanded to 120 persons by fiscal 2008. The electronics industry … [Read more...] about Japan’s NEC sets up software developer in Vietnam
Vietnam software company gets quality certificate
A Vietnamese software outsourcing company, TMA Solutions, has obtained ISO 9000-affiliated certification for its quality management system. The Ho Chi Minh City-based firm became Wednesday the country's first to get the TL 9000 certificate from the US-based SGS, a leading global inspection, testing, and certification company. TL 9000 is an international standard defining quality requirements for design, development, production, delivery, installation, and maintenance of telecom products and services. The certification is based on ISO 9000 parameters and other existing industry standards and practices. The company said this would reduce its need to meet other telecom quality standards as TL 9000 established a common set of quality management requirements for suppliers of telecom systems, hardware, software, and services. It would enable the company to increase its competitiveness through a focus on performance and continual improvement of service and enhanced … [Read more...] about Vietnam software company gets quality certificate
U.S. project backs Vietnam software company
A U.S.-funded development project on Friday agreed to help sharpen the competitiveness of a Ho Chi Minh City-based software park management company. The Vietnam Competitiveness Initiative (VNCI), which is funded by the U.S. Agency for International Development, and Quang Trung Software Park Development Company signed a cooperation agreement in HCMC. Under the agreement, VNCI will help the company develop its technology by boosting foreign direct investment, facilitate the company's dissemination of technology and enhance its relations with local industrial export enterprises. In addition, VNCI will assist Quang Trung in improving the skills of its managers, focusing on business operations, devising development and training strategies and promoting marketing activities and cooperative ties with investors both at home and abroad. Speaking at the signing ceremony, Quang Trung Director Chu Tien Dung and VNCI Director Robert Webster both expressed their beliefs in the good … [Read more...] about U.S. project backs Vietnam software company