Domestic software vendors may face a new round of reshuffle

With the significant increase in the concentration of brands in the Chinese management software market, there has been a clear “Matthew effect” in the management software industry. Software vendors will face a new round of reshuffling in the future and the competition will be fiercer. Wang Wenjing, chairman and president of UFIDA Software Co., Ltd., said that cloud computing is a strategic opportunity for China's software companies to achieve leapfrog development, and they must actively embrace the wave of cloud computing.

How to respond to market demand, develop and provide products and services that meet the needs of China's SMEs in transforming and upgrading enterprises, and developing them to the world level, so that they will not delay opportunities due to management information technology lagging behind. This is the social responsibility of Chinese management software practitioners. Wang Wenjing proposed that in the cloud strategy framework, the "software + cloud service" model provides users with more and greater value, as well as more freedom of choice - companies can either obtain services from the cloud or build their own IT systems can also be applied in two combinations.

Last year, UF invested 4.91 billion yuan in wholly-owned acquisition of automotive industry management software to become the largest amount of Chinese management software in the history of mergers and acquisitions. In addition, two other companies have also acquired and expanded their armaments to the 11th Fleet.