[May 18, 2005 Beijing/Tokyo] — The joint venture by UFIDA Software Engineering Co., Ltd.(USE) and NTT DATA was officially launched today under the name of XI'AN UFIDA Software Engineering Co., Ltd.
Located in XI'AN Software Park of Shan Xi province, the joint venture has registered capital of about RMB 5 million. USE holds 75% of that capital share and NTT DATA holds 25%. This joint venture will help both parties enhance the capabilities with a broader portfolio of products and IT technical support & services in China and Japan as well. Meanwhile, both parties will benefit from the win-win partnership, as USE will not only promote UFIDA and NTT DATA's products and services, but also have access to opportunities for much needed internationalization