Global leader: Wang Wen Jing, chairman and president
Revenue: US$199.5 million (FY07)
Core activity: Software products and solutions provider
Key customers: China Netcom, Kangwal Group, China Three Gorges Project Corporation, L’Oreal
UFIDA Software continues to seek tie-ups and acquisitions to strengthen its business portfolio. The company, which is already the largest management software supplier in the Asia Pacific, acquired Sichuan Jincai in September. The latter is an e-government software vendor, with its products used by Chinese government departments such as the ministry of finance and the ministry of transport.
The company also wants to gain a foothold in the real estate industry and in January purchased part of the assets of Shanghai Tiannuo and Shanghai Tanwang, software companies specialising in the real estate industry. These acquisitions will allow the company to provide a full range of solutions and products to cater for the real estate industry. To support this expansion, the company has plans to set up a real estate software research and development centre in Shanghai.
In April the company released its service-oriented, architecture-based UFIDA U9 software that was developed in close partnership with Microsoft. This software is targeted at the manufacturing, logistics and service sectors.
With all this to support the company business, it continues to clinch contracts with large foreign companies based in China. This includes L’Oreal, a global supplier of cosmetics, which contracted UFIDA to establish its nationwide distribution system. The company also won a contract from Japan’s major stainless steel equipmentmanufacturer Morimatsu to develop human resources solutions.
According to the company, the management software market is expected to have an average accumulated growth of 16 per cent. It will continue to seek strategic partnerships and exploit synergies with acquired companies. Lam Lye Ching
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