RIKKEISOFT aims for a billion-dollar valuation, eyes US stock exchange listing
When the U.S. (President Joe Biden) and Dutch (Prime Minister Mark Rutte) high-level leaders visit Viet Nam, information technology collaboration and investment are key topics of discussion in driving regional and global innovation. Rikkeisoft, Viet Nam’s largest private technology company, specializing in software development and technology services for clients in Japan, the United States, Europe, and the Asia-Pacific, is striving to seize and create global cooperation opportunities to fulfil its mission of leveraging Vietnamese values.
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| Rikkeisoft Deputy General Director Nguyen Viet Lam, representing Vietnamese technology enterprises, addressed the 2022 Conference of the Ministry of Information and Communications. |
Founded in 2012, Rikkeisoft has helped numerous businesses and partners modernize their technology processes and deploy software to facilitate digital transformation over the past 11 years. With over 1,600 highly skilled software engineers who possess great expertise, language, and hands-on experience, Rikkeisoft maintains its five core values, including Ambition, Creativity, Progressiveness, Sharing, and Dedication. Recently, Rikkeisoft was ranked first in Tech Times’ “Top 5 Enterprise Software Development Companies 2023” in the United States.
As to its five-year vision, Rikkeisoft aims to become a global technology service company with a market capitalization of one billion USD and to list on the Nasdaq by 2028. Therefore, at the beginning of 2023, Rikkeisoft launched a subsidiary in the U.S. - RKTech, bringing Vietnamese technological values and human resources to the global market, especially the U.S. This milestone increases Rikkeisoft’s global footprint to 9 branches and representative offices and is expected to open doors following the announcement of the company’s 30 million USD investment into the U.S. market by 2026, in the presence of Prime Minister Pham Minh Chinh. This investment aims to explore merger and acquisition (M&A) opportunities, providing hundreds of IT-related jobs in the country.
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| Rikkeisoft Senior Vice President Bui Hoang Tung, representing Rikkeisoft, announced a 30 million USD investment in the US market until 2026 under the presence of Prime Minister Pham Minh Chinh. |
Mr. Bui Hoang Tung, Senior Vice President of Rikkeisoft and CEO of RKTech, shared that the Vietnamese state and government support for businesses expanding internationally will motivate Rikkeisoft and RKTech to reach their “billion-dollar” goal and to pursue U.S. listings. This is also tied to the continuous innovation, and application of new technologies such as generative AI, data analytics, Internet of Things, and so forth to develop and accumulate capabilities for global value chain participation.
To date, Rikkeisoft has established a complete technology ecosystem, comprising Rikkei Academy (training Vietnamese technology engineers), Rikkei Digital (consulting and providing digital transformation solutions for businesses), Rikkei AI (researching and developing AI application solutions), and Rikkei Venture Builder (incubating and investing in high-tech application projects).
“Rikkeisoft hopes to contribute to promoting and connecting U.S. enterprises to Viet Nam, as well as receiving state and government policy support on encouraging foreign enterprises to establish software centres in Viet Nam and engage with local tech businesses; and providing visa exemption for leaders of Fortune 500 companies. This will accelerate trade and economic exchange activities between domestic and international businesses,” said Mr. Bui Hoang Tung.
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