LTS Group

What LTS Group does

LTS Group (Lotus Technology Services) is a Vietnam-headquartered IT outsourcing provider operating an 8-entity ecosystem that delivers end-to-end technology services including custom software development, software testing/QA, AI/ML development, digital BPO, and IT staffing. Founded in October 2016 as LQA (Vietnam's first independent software testing firm), the company expanded into software development in 2017 and has since built dedicated subsidiaries for AI research (SenLab), advisory (ASC), BPO/data operations (LTS GDS), global IT HR solutions (ManNet), and training (LTS Edu), along with regional branches in Japan (2020), the United States (2021), and South Korea (2024).

The company serves enterprise clients across six primary verticals — automotive (with emphasis on software-defined vehicles and embedded testing), construction, BFSI, e-commerce, healthcare, and education — with named customers including Toshiba, Panasonic, SK Telecom, LG Electronics, Qualcomm, MB Bank, BAOVIET, and VNPT. Service delivery leverages a 500+ engineering workforce fluent in English, Japanese, and Korean, with engagements structured as project-based, time-and-material, dedicated team (ODC), and staff augmentation. The technology stack spans full-stack software engineering plus AI capabilities in NLP, computer vision, speech, generative AI, and predictive analytics, anchored on third-party models (OpenAI, Anthropic, Llama, Mistral) and proprietary tooling including the Beacon AI workflow/governance platform.

LTS Group monetizes primarily through professional services and managed services revenue streams under quote-based pricing, with no publicly disclosed revenue. Distribution runs through direct enterprise field sales across Vietnam, Japan, USA, and Korea, supplemented by inside sales for mid-market accounts and event-driven demand generation (AME 2026, AI Summit Seoul 2026, Hannover Messe 2024, Computex Taipei 2024). The company is privately held and bootstrapped, with founder/CEO Phung Thanh Xuan and co-founder/COO Nguyen Hoang Hai leading operations.

Name

LTS Group

Legal name

LTS Group (Lotus Technology Services)

Website

https://ltsgroup.tech

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

LTS Group is a Vietnam-based IT outsourcing provider delivering software development, QA, AI/ML, digital BPO, and staff augmentation across automotive, BFSI, healthcare, construction, e-commerce, and education verticals for enterprise clients in Japan, Korea, the US, and Vietnam.

Ownership category

akta.pro rank

Product category

IT Outsourcing Services

NAICS

Custom Computer Programming Services (541511), Computer Systems Design Services (541512), Management Consulting Services (54161)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Consulting Services (8742)

akta.pro primary industry

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

akta.pro secondary industry

IT & Software Engineering Staffing (BPACADAA)

Keywords

• IT outsourcing services
• Software testing services
• AI development services
• Digital BPO services
• IT staff augmentation

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

Revenue model

1. Software Development Services: Custom software development including web apps, mobile apps, blockchain, AI integration, and embedded software development for enterprise clients
2. Software Testing & QA Services: Outsourcing testing services ranking #1 in Vietnam, covering web app testing, mobile app testing, automotive testing, embedded software testing, automation testing
3. Digital BPO Services: AI Data Annotation, Robotic Process Automation (RPA), Business Process Outsourcing for digital transformation
4. AI Development Services: AI consulting, custom AI development, machine learning integration, computer vision, NLP, speech recognition, and generative AI solutions
5. IT Staff Augmentation: Providing dedicated IT talent resources including engineers, developers, and QA professionals for client projects
6. Dedicated Team (ODC) Model: On-demand Offshore Development Center setup for Japanese IT companies and other international clients

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

LTS Group is an IT services provider delivering end-to-end technology services through an ecosystem of eight entities covering AI development, full-stack software development, software testing/QA, digital BPO (AI data annotation, RPA), and IT staffing/HR solutions. Its core offerings include AI bespoke development, rapid MVP AI development, web and mobile app development, embedded and game QA, AI training data and LLM fine-tuning, dedicated teams (ODC), IT staff augmentation, and project-based engagements for enterprise clients in automotive, construction, BFSI, e-commerce, healthcare, and education.

Product overview

LTS Group is a Vietnam-based IT services provider offering a comprehensive ecosystem of end-to-end technology services organized across multiple entities. The portfolio consists of core service brands: LTS (software development and execution), LQA (software testing/QA), GDS (delivery and operations), ManNet (HR solutions), Edu (academy), SenLab (AI research), and ASC (advisory). Key products include AI Bespoke Development and Rapid MVP AI Development leveraging machine learning, computer vision, NLP, speech, and generative AI; Web & Mobile Apps Development; Software Maintenance; and specialized testing services (manual/automation, embedded, game QA, accessibility). The company also offers solutions including Beacon (AI workflow governance platform), ERP, RailsCraft, and Digital BPO with RPA. Service delivery models include dedicated teams (ODC), IT staff augmentation, and project-based engagements. Domain-specialized services cover automotive SDVs, construction, and fintech. The ecosystem spans 8 entities with global presence across Japan, USA, and Korea serving 65+ clients in 13+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Beacon: AI Workflow Builder & Governance Platform
• SenLab
• LQA (Lotus Quality Assurance)
• LTS GDS
• ManNet
• RailsCraft
• ASC
• LTS Edu

Products and services

• AI Bespoke Development Custom AI development service integrating machine learning, computer vision, NLP, speech, and generative AI tailored to enterprise client needs.
• Rapid MVP AI Development AI-assisted MVP development producing working minimum viable products in 5-8 days using AI code generation, automated testing, and agile workflows.
• Web & Mobile Apps Development Full-stack development of responsive, scalable native iOS, Android, and cross-platform web and mobile applications for enterprise clients.
• Software Maintenance On-demand software maintenance covering UI/UX upgrades, system migration, and new feature updates to keep applications performing optimally.
• Manual & Automation Testing Comprehensive software testing services (Vietnam's #1 independent QA firm) covering web apps, mobile apps, and enterprise software with manual and automated approaches.
• Embedded Testing Testing for embedded software and firmware covering sensor testing (radar/LiDAR), network testing, industrial protocol testing, and simulation testing.
• Game QA End-to-end game testing services ensuring quality across multiplayer games, gamification platforms, and slot game cloud testing.
• Accessibility Testing Accessibility testing services ensuring compliance with accessibility standards and inclusive user experiences.
• Beacon - AI Workflow Builder & Governance Platform Proprietary AI workflow builder and governance platform used by ASC for AI Governance consulting, enabling enterprise workflow automation and responsible AI deployment.
• ERP Solutions Enterprise Resource Planning solutions for integrated business management across operations, finance, and resources.
• RailsCraft Specialized Ruby on Rails development services for building robust web applications.
• IT Managed Services Comprehensive IT managed services delivered by LTS GDS covering infrastructure, operations, and ongoing technical support for clients.
• LLM Fine-tuning & AI Training Data End-to-end AI training data services delivered by LTS GDS including LLM fine-tuning, physical AI data, and comprehensive data annotation solutions.
• IT Staff Augmentation Flexible IT staff augmentation providing skilled engineers, developers, and QA professionals to supplement client teams on demand.
• Dedicated Team (ODC) Offshore Development Center setup with dedicated teams working exclusively on client projects.
• Project-based Development Fixed-scope project engagements with tailored solutions for specific deliverables.
• Digital BPO Digital Business Process Outsourcing service including AI data annotation, RPA services, and document digitalization — recognized three consecutive years in Vietnam's Top 10 ICT Companies in Digital BPO.
• SDVs Software Development Software Defined Vehicles (SDV) development service for automotive OEMs and suppliers, covering EV/HEV/PHEV software.
• SDVs Software Validation Automotive software testing and validation services for SDVs including AVN, HEV, and EV testing.
• Construction Software Development Specialized software development for the construction industry including resource management and drone management systems.
• Fintech System Development Financial technology software development including P2P lending apps, cryptocurrency exchanges, and banking solutions.

Quantifiable outcome

• 97% customer satisfaction rate
• +4 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability14 records

Feature10 records

Partnerships

Two partnerships are on record, tiered core and minor.

• TÜV RheinlandcoreStrategic or Co-development Partner · 1 March 2026Global testing and certification organization TÜV Rheinland signed MOU with LTS Group to deliver cybersecurity and functional safety testing services. The partnership aims to jointly develop and provide high-quality software verification services aligned with international standards.
• Icetea LabsminorStrategic or Co-development PartnerPartnership with Icetea Labs for technology collaboration and ecosystem development

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• FPT Software: Largest Vietnam-headquartered IT services and outsourcing firm offering software development, AI, BPO, and digital transformation across similar verticals (automotive, BFSI, healthcare). Most directly comparable peer given shared Vietnam base, multi-entity ecosystem, and global enterprise client base.
• TMA Solutions: Vietnam-based IT outsourcing company with similar scale (~3,000 engineers), offering embedded software, QA, AI, and dedicated team services. Directly competes with LTS in automotive embedded/SDV testing and Japanese enterprise delivery.
• KMS Technology: Vietnam/US dual-shore IT services firm focused on software development, QA, and AI/ML services for enterprise. Comparable in size, US-Vietnam delivery model, and AI services positioning.
• Rikkeisoft: Vietnam-headquartered IT services and software outsourcing company with Japan branch operations and similar automotive/digital transformation focus. Direct competitor for Japanese enterprise SDV and DX engagements.
• SotaTek: Vietnam-based software development and AI/blockchain services company with similar global delivery model and enterprise target customers. Competes in AI development, web/mobile, and dedicated team services.
• NashTech (GlobalLogic Vietnam): Vietnam IT services arm of GlobalLogic (Hitachi), offering software development, embedded systems, and digital engineering. Directly comparable in automotive embedded/SDV and dedicated team offerings, but with PE-backed parent capital.
• Axon Active: Vietnam-based custom software development and IT outsourcing firm serving European and Asian enterprise clients. Comparable in scale, dedicated team/ODC model, and language competencies.
• DEVPRO: Vietnam-based IT outsourcing and software development company offering dedicated teams, custom development, and QA services across similar verticals (BFSI, e-commerce, healthcare).

Broad incumbents

• GlobalLogic (Hitachi): Large global digital product engineering services firm (Hitachi-owned) with extensive Vietnam delivery. Overlaps with LTS in automotive embedded, SDV, and AI services but at much greater scale and with broader geographic footprint.
• Nagarro: Global digital engineering and IT services firm with presence in Vietnam and comparable automotive, AI, and enterprise digital transformation offerings. Larger and PE-backed; competes for similar mid-market and enterprise digital deals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ltsvietnam
• Facebookfacebook.com/LTSGroupVietnam
• LinkedInvn.linkedin.com/company/lts-group-vietnam

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries11 records

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 LTS Group