Chinese software provider UFIDA Software Company Limited has published a report stating that its net profit for 2011 is expected to increase by between 40% and 80% year-on-year.

Chinese software provider Ufida has created a joint venture with Atos, the European information technology service company.

Zhongguancun Cloud Computing Industry Alliance has been set up as a measure for Beijing's construction of a world-class cloud computing industry base.

Chinese software maker UFIDA Software and its subsidiary will acquire Shanghai Infoservice Technology for CNY491 million, to enter the Chinese automotive sales and after-sales service information market.

Chinese software maker UFIDA and the international technology company IBM have announced in Beijing that the two parties will jointly establish a cloud computing lab.

Initiated by 50 Chinese information technology companies, including CCW Research, Babaike (Beijing) Software Technologies, and UFIDA Software, the Cloud Computing Committee has been set up in Beijing and a proposal for promoting the healthy development of China's software-as-a-service and cloud computing industries has been published at the same time.

According to Bao Zhigang, general manager for UFIDA Software Sichuan branch, the company plans to enhance investment in Sichuan to build a military industry solutions research and development center in Chengdu.

Chinese management software solutions provider UFIDA Software has published its annual financial report for 2008, which states that it made revenue of CNY1.726 billion, a year-on-year increase of 27.18%.

The Shanghai-listed Beijing UFIDA Software has acquired a 100% stake in Beijing Founder Chunyuan Technology Development Company a financial information software company, for CNY380 million in cash.

Chinese software company UFIDA has placed Dr. Pehong Chen, CEO of BroadVision, on its board of directors.

China's State Development and Reform Commission, Ministry of Information Industry, Ministry of Commerce and State Administration of Taxation have jointly released a list of key software enterprises to enjoy preferential taxation.

Following Inspur, Digital China, Chinasoft International and others, UFIDA is expected to be the latest strategic partner of Microsoft (MSFT) and the two sides plan to announce their cooperation details in coming days.