FPT Software opens subsidiary in Malaysia

The Financing and Promotion Technology (FPT) group on July 13 opened an affiliate company in PETRONAS Twin Towers in Kuala Lumpur , Malaysia .

The new affiliate, FPT Software Malaysia , with an initial investment capital of 100,000 USD, is expected to gain a turnover of 1.8 million USD this year, 2.5 million USD in 2009 and 5 million USD a year in the next five years.

Malaysia is expected to become FPT Software’s key market due to its growing demand for information technology products.

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