FPT and CAC Holdings Establish Joint Venture 'Upstride'
FPT Japan Holdings and CAC Holdings have established a joint venture named 'Upstride' to provide IT infrastructure construction, operation, and helpdesk services in Japan and Vietnam, aiming for growth by leveraging the strengths of both companies.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 02:36
- 🔍 Collected: April 14, 2026 at 18:01
- 🤖 AI Analyzed: April 19, 2026 at 14:58 (116h 56m after Collected)
FPT Japan Holdings Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Do Van Khac, hereinafter referred to as FPT), a subsidiary of FPT Corporation, and CAC Holdings Corporation (Headquarters: Chuo-ku, Tokyo, President: Ryota Nishimori, hereinafter referred to as CAC Holdings) held an establishment commemorative event in Vietnam on Thursday, April 9, 2026, to celebrate the formation of their joint venture, 'Upstride Corporation' (hereinafter referred to as Upstride). This joint venture aims for medium- to long-term growth by leveraging the strengths of both companies to promote new business development and provide services such as IT infrastructure construction and operation in Vietnam and Japan.
Background of Joint Venture Establishment
In recent years, the Japanese IT service market has seen increasing sophistication and complexity of systems, making it a critical management challenge to achieve both stable talent acquisition and cost competitiveness in areas like IT infrastructure construction, operation, and helpdesk services.
Against this backdrop, FPT decided to establish a joint venture that leverages the business foundation and customer know-how cultivated by the CAC Group in the Japanese market, along with our strength of having abundant technical personnel and a track record of global expansion, primarily in Vietnam. By combining our respective human capital, technical capabilities, and business foundations, we will build a service provision structure that offers both scale and flexibility, which would be difficult to achieve independently, and contribute to solving market challenges.
Purpose and Business Details
Upstride aims to combine the customer base and business know-how of the CAC Group in the Japanese market with the IT talent and products cultivated by FPT in Vietnam and the ASEAN region, to provide IT infrastructure construction, operation, monitoring, and helpdesk services, as well as to deploy FPT's products in Japan.
Business Details
Provision of IT infrastructure construction, operation, and monitoring, and helpdesk services utilizing IT infrastructure personnel in Vietnam and Japan
Deployment of FPT's products, developed in the ASEAN region including Vietnam, to the Japanese market
Other initiatives, such as the sale of FPT's promoted GPU cloud services and expansion into the semiconductor-related business
Company Overview
Company Name: Upstride Corporation
Location: 24-1 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo
Establishment Date: January 13, 2026
Representative: Mitsuo Ohno, Representative Director
Shareholding Ratio: CAC Holdings 51%, FPT 49%
Business Description: IT infrastructure construction, operation, monitoring, helpdesk services, domestic deployment of IT products in Japan
Scenes from the Joint Venture Establishment Commemorative Event
Comments from Stakeholders
Ryota Nishimori, President and Representative Director, CAC Holdings
I am extremely pleased to announce the establishment of our joint venture, 'Upstride,' in partnership with FPT. The CAC Group has built solid technical capabilities and a customer base in the Japanese IT market for 60 years. This joint venture symbolizes the 'global circulation of technology and human resources,' combining the business know-how we have cultivated with FPT's strength of abundant IT talent.
In line with the aspiration embedded in the company name 'Upstride' – to 'advance to a higher level' – we will work together with everyone at FPT to create new value.
Nguyen Van Khoa, President and Representative Director, FPT Corporation
FPT Corporation has grown into one of the largest foreign-affiliated technology companies in Japan over the past 20 years since its market entry, establishing a leading position in Japan's technology value chain. By combining our research and development capabilities, strategic technology implementation, and the 'Made by FPT' ecosystem that addresses digital transformation (DX) challenges across various industries, with the CAC Group's deep understanding of the Japanese market and its global partner network, we will provide international-standard technology products and services to the Japanese and ASEAN markets.
About CAC Holdings
Company Name: CAC Holdings Corporation
Headquarters Location: 24-1 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo
Website: https://www.cac-holdings.com
Founded in 1966 as Japan's first independent software specialty company, CAC has been expanding its IT services globally for 60 years.
Background of Joint Venture Establishment
In recent years, the Japanese IT service market has seen increasing sophistication and complexity of systems, making it a critical management challenge to achieve both stable talent acquisition and cost competitiveness in areas like IT infrastructure construction, operation, and helpdesk services.
Against this backdrop, FPT decided to establish a joint venture that leverages the business foundation and customer know-how cultivated by the CAC Group in the Japanese market, along with our strength of having abundant technical personnel and a track record of global expansion, primarily in Vietnam. By combining our respective human capital, technical capabilities, and business foundations, we will build a service provision structure that offers both scale and flexibility, which would be difficult to achieve independently, and contribute to solving market challenges.
Purpose and Business Details
Upstride aims to combine the customer base and business know-how of the CAC Group in the Japanese market with the IT talent and products cultivated by FPT in Vietnam and the ASEAN region, to provide IT infrastructure construction, operation, monitoring, and helpdesk services, as well as to deploy FPT's products in Japan.
Business Details
Provision of IT infrastructure construction, operation, and monitoring, and helpdesk services utilizing IT infrastructure personnel in Vietnam and Japan
Deployment of FPT's products, developed in the ASEAN region including Vietnam, to the Japanese market
Other initiatives, such as the sale of FPT's promoted GPU cloud services and expansion into the semiconductor-related business
Company Overview
Company Name: Upstride Corporation
Location: 24-1 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo
Establishment Date: January 13, 2026
Representative: Mitsuo Ohno, Representative Director
Shareholding Ratio: CAC Holdings 51%, FPT 49%
Business Description: IT infrastructure construction, operation, monitoring, helpdesk services, domestic deployment of IT products in Japan
Scenes from the Joint Venture Establishment Commemorative Event
Comments from Stakeholders
Ryota Nishimori, President and Representative Director, CAC Holdings
I am extremely pleased to announce the establishment of our joint venture, 'Upstride,' in partnership with FPT. The CAC Group has built solid technical capabilities and a customer base in the Japanese IT market for 60 years. This joint venture symbolizes the 'global circulation of technology and human resources,' combining the business know-how we have cultivated with FPT's strength of abundant IT talent.
In line with the aspiration embedded in the company name 'Upstride' – to 'advance to a higher level' – we will work together with everyone at FPT to create new value.
Nguyen Van Khoa, President and Representative Director, FPT Corporation
FPT Corporation has grown into one of the largest foreign-affiliated technology companies in Japan over the past 20 years since its market entry, establishing a leading position in Japan's technology value chain. By combining our research and development capabilities, strategic technology implementation, and the 'Made by FPT' ecosystem that addresses digital transformation (DX) challenges across various industries, with the CAC Group's deep understanding of the Japanese market and its global partner network, we will provide international-standard technology products and services to the Japanese and ASEAN markets.
About CAC Holdings
Company Name: CAC Holdings Corporation
Headquarters Location: 24-1 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo
Website: https://www.cac-holdings.com
Founded in 1966 as Japan's first independent software specialty company, CAC has been expanding its IT services globally for 60 years.