Name

Newwave Solutions

Legal name

Công Ty Cổ Phần Giải Pháp Ngọn Sóng Mới

Website

https://newwave.vn

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

IT Outsourcing and Custom Software Development

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (5415)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Offshore Development Center (ODC) / Dedicated Team Services (BPAEAMAL)

akta.pro secondary industries

Enterprise Application Modernization (Monolith-to-Modules, Domain Modernization) (BPAEAFAG), Low-Code/No-Code Application Platforms (HDAEAKAA)

Keywords

• Custom software development
• IT outsourcing services
• Offshore development center
• Mobile app development
• Blockchain development

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Custom Software Development Outsourcing: Bespoke software development services for enterprise clients globally. Revenue generated through project-based contracts including fixed-price, dedicated developer (staff augmentation), and Time & Materials (T&M) engagement models. Operates as an offshore development center (ODC) for international clients.
2. Offshore Development Center (ODC) Services: Managed offshore development teams operating as an extension of client organizations. Provides dedicated teams of software engineers, QA, and project managers under ODC model.
3. Mobile App & Game Development: Cross-platform and native mobile application development, and game development services for clients in gaming, entertainment, and commercial sectors.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Newwave Solutions is a Vietnam-based IT outsourcing and custom software development company that designs, builds, and maintains bespoke software, mobile apps, web platforms, games, blockchain solutions, and AI/IoT applications for enterprise clients worldwide. The company delivers projects through three engagement models — fixed-price, dedicated developer hire, and Time & Materials — operating as an Offshore Development Center (ODC) with offices in Vietnam, Japan, and Korea serving 500+ clients across 14+ years.

Product overview

Newwave Solutions is a software development outsourcing company offering a comprehensive portfolio of services organized into core development services (software development, mobile apps, web development, game development, blockchain, AI/IoT), design services (UI/UX), quality assurance, and software maintenance. The company also provides industry-specific solution verticals including healthcare/telehealth applications, FinTech (e-wallets, digital banking), E-commerce, EdTech (e-learning, LMS), and Real Estate software. Engagement models include offshore development, lab-based dedicated teams, and fixed-price or T&M contracts. Key differentiators include AI-powered VB6 migration tools (CodeShift VB), RAG-based chatbots, and a 14+ year track record with 300+ IT professionals across Vietnam and Japan offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Custom Software Development Services End-to-end custom software development encompassing enterprise applications, productivity software, bespoke solutions, MVP development, and information infrastructure for business clients.
• Mobile App Development Native and cross-platform mobile application development for iOS and Android using React Native, Flutter, Java, Kotlin, C#, Ionic, and Xamarin frameworks for enterprise and consumer-facing apps.
• Blockchain Development Blockchain solutions including NFT development, decentralized applications (DApps), smart contracts, public and private blockchain implementations, and custom blockchain solutions.
• Web Development Professional website design and development including SEO-optimized websites, e-commerce platforms, corporate sites, and web applications.
• Game Development End-to-end game development including 3D games, NFT games, role-playing games, simulation games, strategy games, adventure games, action games, and custom game design with over 50 projects completed.
• UI/UX Design User interface and user experience design services using Figma, Adobe XD, and Zeplin for creating intuitive and visually appealing digital products.
• QA and Testing Services

Quantifiable outcome

• 800+ successful projects delivered globally across multiple industries
• +5 more outcomes

Named customers15 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Softwave 2025 (Event Partnership)minorGTM or Marketing Partner · 1 December 2025Exhibitor at Softwave 2025 – a leading ICT event in Seoul, Korea, from December 3-5, 2025. Used to expand network with Korean technology enterprises and explore market opportunities in Korea.
• Intra-mart Center of ExcellencecoreTechnology or Integration · 1 October 2025Newwave Solutions became an inaugural member (one of 7 initial members) of the Intra-mart Vietnam Center of Excellence, established by NTT DATA Intra-mart and AKIRA Inc. Engineers received Low-code Development and Script Programming certifications. The partnership enables Newwave to deliver Japan-quality solutions on the intra-mart platform more quickly, safely, and efficiently.
• Urbane GroupcoreStrategic or Co-development Partner · 1 June 2025Strategic partnership with Urbane Group – a multi-sector technology conglomerate based in South Korea. Signed June 2025, this partnership is described as a pivotal milestone enabling Newwave Solutions to expand globally and bring Vietnamese technology to the international stage. The partnership aims to combine Newwave's software development capabilities with Urbane's market presence.
• SODEC / Japan IT Week (Event Partnership)minorGTM or Marketing Partner · 1 April 2025Exhibitor at SODEC 2025 (Software & Apps Development Expo), part of the 34th Japan IT Week Spring at Tokyo Big Sight. Used as a GTM channel to connect with Japanese enterprise clients and showcase AI, blockchain, mobile, and web development capabilities.
• Japan IT Week 2026 (Event Partnership)minorGTM or Marketing Partner · 1 April 2025Exhibitor at Japan IT Week 2026 (April 8-10, 2026) at Tokyo Big Sight, showcasing AI solutions and low-code intra-mart solutions. Part of the 35th Software Outsourcing & Development Expo (SODEC).
• FUNiXminorStrategic or Co-development Partner · 1 January 2021Partnership with FUNiX (online education platform) to address IT talent shortage. Co-sponsored over 1,000 free online learning scholarships worth 30 billion VND. CEO Tô Quang Duy signed MOU with FUNiX to support training and recruitment of IT developers. Newwave also hired graduates from the program as developers.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• BAP Software: Vietnam-headquartered IT outsourcing company with strong Japan market focus (Japanese-language site, Tokyo presence). Closely comparable in geographic strategy (Vietnam delivery for Japanese clients) and service mix (custom software, AI, QA).
• TMA Solutions: Vietnam-based software outsourcing company with 2,500+ engineers offering custom software development, embedded systems, and AI services. Direct competitor for offshore development center engagements with overlapping verticals (healthcare, FinTech, IoT).
• FPT Software: Vietnam's largest IT outsourcing and offshore development company with 30,000+ employees. Closest direct peer — same Vietnam offshore development center model, same target enterprise customers, same service portfolio (custom software, AI, blockchain), but vastly larger scale.
• KMS Technology: Vietnam-headquartered IT services firm (with US presence) providing custom software development, QA/testing, and AI/ML services. Comparable size and Vietnam delivery model with similar enterprise customer base in US, Japan, and EU.
• Axon Active: Vietnam-based software outsourcing company specializing in custom software development, FinTech, and enterprise solutions with offices across Vietnam. Comparable size, service portfolio, and offshore development center model.
• Saigon Technology: Vietnam-based software development outsourcing company offering custom software, mobile apps, AI, and blockchain development. Directly comparable service portfolio, mid-market size, and offshore development model targeting US, Europe, and Asia.
• Lachhh (Beresko Games) / outsourcing peers: Vietnam-based game and software development outsourcing firms (e.g., Saigon Technology, Magenest) competing directly with Newwave's 50+ game project portfolio for 3D, NFT, RPG, and mobile game development contracts.

Broad incumbents

• NTT Data: Global IT services giant that partners with Newwave via the Intra-mart Center of Excellence. Competes indirectly for Japan enterprise IT and digital transformation engagements and is both a potential partner and competitor in the Japanese market.
• Cognizant: Global IT services and consulting incumbent serving enterprise customers across financial services, healthcare, and technology — overlapping vertical focus with Newwave but at vastly larger scale and broader geographic reach.

Regional players

• Urbane Group: South Korean multi-sector technology conglomerate that is a strategic partner of Newwave (June 2025). Comparable in being a Korea-active technology services provider but primarily serves Korean domestic market, whereas Newwave is a Vietnam-based supplier into Korea.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/newwave-solutions
• Xx.com/SolutionsNewwa1

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Newwave Solutions