SOURCE News and Ufida joint venture to create Yunan-injection cloud

Yunan Company will provide customers from the ERP management software, financial systems to IT consulting one-stop innovative products, services and cloud applications. The new company will have the exclusive cloud platform, ERP resources and research and development capabilities to ensure its technical advantages. Source and Ufida for the Yunan company jointly funded 5.7 million euros, of which, the source of 70% shares, Ufida accounted for 30% of the shares. The new company is headquartered in Bezons, France, near Paris.


 

Paris, Beijing, November 8, 2011 – The European IT service giant source and Asia Pacific's leading management software solutions Provider Ufida Co., Inc. Ufida Analysys HOLDINGS, Ltd., jointly announced The two sides will jointly fund the formation of a joint venture company, YUNANOTM (Yunan), to open up Europe, the Middle East, Africa and China's cloud computing market, focusing on independent or medium-sized companies that are subsidiaries of large companies.

Yunan Company will provide customers from the ERP management software, financial systems to IT consulting one-stop innovative products, services and cloud applications. The new company will have the exclusive cloud platform, ERP resources and research and development capabilities to ensure its technical advantages. Source and Ufida for the Yunan company jointly funded 5.7 million euros, of which, the source of 70% shares, Ufida accounted for 30% of the shares. The new company is headquartered in Bezons, France, near Paris.

Wang Wenjing, chairman and chief executive of Ufida, said, "Source is a world-renowned IT service provider and an international it partner for the Olympics." Through the joint venture with the source, Ufida can quickly enter Europe, the Middle East and Africa market, to achieve global strategic goals, and to meet the cloud in the enterprise globalization process of new needs, new features, the development of innovative cloud management and IT services. ”

"The establishment of this joint venture is an important step in the growth strategy of the market share of cloud services in Europe and China," said Thierry Breton, chairman and chief executive of the source. We hope our business in China will grow rapidly in 2012. Ufida is China's leading software company, with more than 200 branches, 12,000 employees and 120多万家 customers, in the market has a high reputation. With Ufida software capabilities and source map, recognized cloud capabilities, our cooperation will enhance our cloud computing and IT services to provide customers with global synchronization of innovative support capabilities. This cooperation will enhance the source of the Asian Development Strategy, I am very proud of it. ”

Resultant Force effect

The JV will provide unmatched cloud services in EMEA and Asia Pacific Region management software markets. Listed on the Shanghai Stock exchange of Ufida, with 12,000 ERP engineers, consultants and marketing staff, as well as the region's strong 120多万家 customer resources for the joint venture to bring rich ERP experience, and Ufida has the largest enterprise software support, implementation and training network. Source to provide its unique cloud services and sales capabilities, it focuses on innovation, and in the European IT market occupies a leading position. The new company will focus on the small and medium-sized institutions market, especially the subsidiaries of large enterprises, and emerging enterprises, with competitive prices, to provide these customers with quality, scalable services. YUNANOTM's Chinese name is "Yunan", which highlights the determination of two world-class companies to enter cloud computing enterprise applications and services with innovative services.

The advantages offered by the JV company to customers:

· Customers in the Asia Pacific region can trust Yunan, an international partner, to build integrated, real-time business intelligence integrated Systems: dynamic scalability, high availability, high-volume data storage, simplified management, and high cost effectiveness.

· Because cloud services are provided on demand, customers do not need to continue to invest in hardware, software licenses, implementation costs, or report development.

· With Yunan cloud computing solutions, customers can start and run in real time and efficiently position, communicate, and collaborate with their customers, suppliers, and partners.

Growth potential in China and Europe

According to the forecast of Sadie Consulting, ERP solution has great potential in China market, the annual growth rate is expected to be 17.3% (source: Sadie Consulting). The ERP demand market for medium-sized European firms is expected to be € 2.42 billion, with a composite average annual growth rate of 7%, with the focus on France, the UK and Germany, which now show the greatest short-term potential CAGR.

(Responsible editor: Lu Guang)