FPT Software and IdeatoLife Join Forces to Transform Software Development Lifecycle

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FPT Software and IdeatoLife Join Forces to Transform Software Development Lifecycle

2024-08-06 10:08 Last Updated At：10:10

HANOI, Vietnam--(BUSINESS WIRE)--Aug 5, 2024--

Global IT services provider FPT Software and the emerging software company IdeatoLife recently entered a strategic partnership to promote Onex Studio, a hyperautomation and AI-enhanced software development platform. The collaboration will support FPT Software’s vision of accelerating digital transformation for its clients worldwide, with initial focuses on the fintech and e-commerce sectors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240805929872/en/

The partnership will initially integrate Onex Studio into FPT Software’s service offerings and potential projects, focusing on advanced technologies such as hyperautomation and intelligent automation to provide enterprises with optimal developer productivity and software development lifecycles. Leveraging FPT Software's extensive global presence and expertise, both sides also plan to expand the adoption of Onex Studio to a broader range of audiences across the Middle East and globally, especially those in the fintech, DeepTech, and e-commerce sectors.

Onex Studio is the latest addition to IdeatoLife's suite of solutions, bringing an intuitive and seamless product-building environment to deliver high-quality applications faster and more efficiently. The platform offers a range of powerful features and tools, including simplified project creation, AI-powered project standardization, streamlined data modelling, code reusability, and one-click deployment through serverless microservices, containers, and Kubernetes. This set of functions allows developers to focus on innovation while Onex handles infrastructure and deployment with high consistency, security, and scalability.

“Having delivered thousands of digital transformation projects, we see hyperautomation among the key enablers for streamlined end-to-end processes, operational excellence, and security. The integration of Onex Studio into our offerings is among our continued efforts to drive disruptive transformation for our clients worldwide with enhanced confidence, velocity, and agility,” said Frank Bignone, FPT Software VP and Director of Digital Transformation.

With over 20 years of experience and a track record of successful ongoing partnerships with global tech giants such as Microsoft, SAP, Google Cloud, and Amazon Web Services (AWS), FPT Software has established itself as a trusted partner in digital transformation. Notably, its suite of Hyperautomation full-service support and end-to-end solutions paves an accessible and cost-effective path for organizations to achieve outstanding growth with secure and effective automation across their operations. The IT firm’s hyperautomation solution has been consistently recognized in industry research studies by leading research and advisory firms like Gartner, Forrester, and IDC, as well as in industrial awards such as Globee® Awards for Technology.

About FPT Software

FPT Software, a subsidiary of FPT Corporation, is a global technology and IT services provider headquartered in Vietnam, with $1 billion in revenue (2023) and over 30,000 employees in 30 countries.

The company champions complex business opportunities and challenges with its world-class services in Advanced Analytics, AI, Digital Platforms, Cloud, Hyperautomation, IoT, Low-code, and so on. It has partnered with over 1,100 clients worldwide, nearly 100 of which are Fortune Global 500 companies in Aviation, Automotive, Banking, Financial Services and Insurance, Healthcare, Logistics, Manufacturing, Utilities, and more. For more information, please visit https://fptsoftware.com/

About Onex by IdeatoLife

Onex is a hyper-automation platform developed by IdeatoLife, an AI-venture and service lab based in Dubai. IdeatoLife specializes in custom software development with a focus on generative AI, catering to the burgeoning technology demands of the MENAT region. With a track record of delivering cutting-edge technologies, IdeatoLife has established itself as a key player in the tech industry.

IdeatoLife’s clients range from startups seeking rapid innovation to large enterprises aiming to optimize and scale operations through automation and AI-driven solutions. IdeatoLife is committed to staying at the forefront of technological innovation. Continuously exploring emerging technologies and methodologies, emphasizing generative AI to create intelligent, adaptive solutions that drive efficiency and growth for clients. Positioned in Dubai, IdeatoLife is ideally situated to meet the growing technology needs of the MENAT region, cementing itself as a trusted partner for businesses seeking to leverage hyper-automation and AI.

Senate up late voting on GOP tax breaks and spending cuts plan that's central to Trump agenda

2025-04-05 12:01 Last Updated At：12:11

WASHINGTON (AP) — Senators kept plugging through the night and into Saturday in contentious debate over a Republican budget plan that's central to President Donald Trump's agenda for trillions of dollars in tax breaks and boosts to border security and defense funds, all while slashing other government spending.

It could not have come at a more difficult political moment. The U.S. economy is churning over Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Even some Republicans have expressed concerns.

But GOP leaders with a nod from Trump are determined to march ahead, pushing past a hardened line of opposition from Democrats, who are unified against what they decry as tax breaks for the wealthy at the expense of federal programs Americans rely on. Approval, expected later Saturday morning, would pave the way for Republicans in coming months to muscle a tax cut bill through both chambers of Congress, just as they did in Trump’s first term.

“Let the voting begin," Senate Majority Leader John Thune, R-S.D., said Friday night.

The evening kicked off what's called vote-a-rama as Democrats were intent on making the effort as politically painful as possible, with votes on some 20 amendments to the package that GOP senators will have to defend before next year’s midterm elections.

Among them were proposals to ban tax breaks for the super-wealthy, end Trump's tariffs and clip his efforts to shrink the federal government. One, in response to the Trump national security team's use of Signal, sought to prohibit military officials from using any commercial messaging application to transmit war plans. Most were failing.

Democrats accused Republicans of laying the groundwork for increasing deficits and cutting key safety net programs such as Medicaid and nutritional assistance to help pay for tax cuts they say disproportionately benefit the rich.

“Trump's policies are a disaster," said Senate Democratic Leader Chuck Schumer of New York, as is Elon Musk's Department of Government Efficiency. “Republicans could snuff it out tonight, if they wanted.”

The Republicans frame their work as preventing a tax increase for most American families, arguing that unless Congress acts, the individual and estate tax cuts that Republicans passed in 2017 will expire at the end of this year.

The Senate package pulls in other GOP priorities — including $175 billion to bolster Trump's mass deportation effort, which is running short of cash, and another $175 billion for the Pentagon to build up the military — from an earlier budget effort.

Sen. John Barrasso, the No. 2 ranking GOP senator, said voters gave Republicans a mission and a mandate in November, and the Senate budget plan delivers.

“It fulfills our promises to secure the border, to rebuild our economy and to restore peace through strength,” Barrasso said.

Throughout the day, the debate was generally one-sided, as Democrats were taking full advantage of 25 hours of their available time, while Republicans yielded much of theirs to push ahead to the all-night voting frenzy. Pizza was wheeled in on a cart, for Republicans. Tacos, for Democrats.

Republicans use their majority to swat them back most amendments, often in rambunctious voice votes, though one GOP proposal to protect Medicare and Medicaid from cuts was adopted.

A few Democratic proposals, however, did draw some GOP support, including those to protect the Federal Emergency Management Agency and the bargaining rights of federal workers, backed by Sen. Susan Collins of Maine and Sen. Lisa Murkowski of Alaska, among others.

One Republican, Sen. Bill Cassidy of Louisiana, expressed his own misgivings about tax breaks adding to the federal deficits and said he has assurances that Trump officials would seek the cuts elsewhere.

“This vote isn’t taking place in a vacuum,” he said, a nod to the turmoil over Trump's tariffs.

And Republican Sen. Rand Paul of Kentucky, the lone GOP opponent to the plan so far, questioned the math being used by his colleagues that he said would pile on the debt load. “Something's fishy,” he said.

The House and Senate take different approaches that will eventually have to be resolved.

The House GOP budget plan provided for $4.5 trillion in tax breaks over 10 years, with some $2 trillion in savings pointed at changes to Medicaid, food stamps and other programs.

The Senate’s budget plan allows for extending the tax cuts under a scoring method that treats them as not adding to future deficits, even though a new estimate from the Joint Committee on Taxation projects they will add $5.5 trillion over the next decade when including interest, and $4.6 trillion not including interest.

On top of that, an additional $1.5 trillion in the senators plan would enable them to include some of Trump’s campaign promises, such as no taxes on tips, Social Security benefits and overtime. Republicans are also looking to increase the $10,000 deduction for state and local taxes, something that lawmakers from states such as New York, California and New Jersey say is necessary for their support.

The House and Senate are also at odds over increasing the debt limit, which is needed by summer to allow more borrowing. The House had boosted the debt limit by $4 trillion in its plan. But with Trump wanting the issue off the table, the Senate ups it to $5 trillion to push any further votes on the matter until after next year’s midterm elections.

The plan instructs four Senate committees to find at least $1 billion each in budget reductions. That's just a small fraction of the what's needed to offset the costs of the tax breaks. But GOP leadership emphasizes that's a low floor and that committees will be on the hunt for far more.

Already, the GOP leaders are confronting concerns from fiscal hawks in deep red states and congressional districts who want trillions of dollars in spending cuts to help pay for the tax breaks. At the same time, dozens of lawmakers in swing districts and states are worried about what those cuts will mean for their constituents, and for their reelection chances.

The GOP leadership has encouraged members to just get a budget plan over the finish line, saying they have time to work out the tough questions of which tax breaks and spending cuts to include.

Extending the the 2017 breaks would cut taxes for about three-quarters of households but raise them for about 10%. In 2027, about 45% of the benefit of all the tax cuts would go to those making roughly $450,000 or more, according to the Urban-Brookings Tax Policy Center, which analyzes tax issues.