CDC Software Signs Definitive Agreement to Acquire Leading Award-Winning Australian Systems Integrator
June 16 2008 - 7:30AM
Business Wire
CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ:
CHINA) and a provider of enterprise software applications and
consulting services, today announced that it has signed a
definitive agreement to acquire Dynamic Business Consultants (DBC),
a leading and award-winning software systems integrator based in
Melbourne, Australia. As part of the acquisition, DBC will market
and sell CDC Software�s Process Manufacturing solutions that
include CDC Factory and Ross Enterprise. The acquisition of DBC
will not only expand CDC Software�s market presence in Australia,
but will also expand the solutions and services footprint for CDC
Software�s Australia-based Praxa services business in this rapidly
growing region. CDC Software believes that DBC�s offerings
complement its process manufacturing focus and also broaden the
company�s solution and services offerings in vertical industries
such as in the discrete manufacturing, construction, and services
industries. �DBC represents a highly-selective, accretive
acquisition that we expect will contribute to CDC Software�s growth
strategy,� said Peter Yip, executive chairman of CDC Software.
�With our recent multi-million dollar sale of IT services, products
and support to a major sports company in Australia, this
acquisition helps to further position us for growth and success in
this potentially lucrative market.� �We believe that DBC
strategically complements and enhances our Praxa services business,
and will help enable us to expand our CDC Factory and Ross
Enterprise solutions throughout Australia, further accelerating our
momentum in the region,� said Frank Hung, managing director,
Australia, CDC Software. �This acquisition should also greatly
benefit our current customer base in Australia by providing
additional services and industry expertise, and positions us for
expansion throughout the region.� Founded in 1994, DBC is one of
the longest-standing Microsoft partners in Australia with offices
in Melbourne and Adelaide. A 2007 Microsoft Dynamics GP Partner of
The Year, DBC is a specialist in Enterprise Resource System and
Manufacturing Resource Planning. The company provides IT solutions
and services to more than 90 clients in financial services,
distribution, manufacturing, non-profit organizations, professional
services and construction. �DBC is very excited to join the CDC
Software family,� said Terry Bolden, managing director of DBC.
�This integration will give us an opportunity to service new
customers with our in-depth and award-winning expertise in ERP for
Praxa. It also helps enable us to expand our position by getting
the most out of Praxa�s broad technical capabilities in servicing
our existing customers, bringing in our complementary technologies
together and offering Australian customers a one stop shop with an
end-to-end business solution. We are also looking forward to
opening up new opportunities for the CDC Software�s Process
Manufacturing solutions in Australia.� About Praxa Praxa, a
consulting division of CDC Software in Australia, provides
professional services to corporate and government market sectors.
Praxa specializes in providing mission critical applications and
managed services to enterprises. For more information, please
visit: www.praxa.com.au. About DBC DBC (Dynamics Business
Consultants) was formed in 1994 with the specific aim of providing
first-class solutions, focusing on the areas of financial
management business solutions, service management, manufacturing
and eCommerce. Using its expertise in the manufacturing, finance
and Microsoft products Dynamic Business Consultants professionally
supply and support Microsoft Great Plains eEnterprise and Industry
Specific third party products enabling customers to improve
efficiency and productivity through the use of their Enterprise
Reporting System. About Ross Enterprise Ross Enterprise is an
innovative suit of software solutions that help process
manufacturers worldwide fulfill their business growth objectives
through increased operational efficiencies, improved profitability,
strengthened customer relationships and streamlined regulatory
compliance. Ross Enterprise offers industry-specific functionally
for a variety of process industries including food and beverage,
consumer products, life sciences, chemicals, metals and natural
products. The comprehensive suite of solutions includes
functionality in enterprise resource management (ERP), supply chain
management (SCM), customer relationship management, real time
performance management, order management (OMS), warehouse
management (WMS), human resource planning, performance management
and business analytics. For more information, visit
www.rossinc.com. About CDC Factory CDC Factory is the first
packaged manufacturing operations system for food and consumer
products manufacturers. By standardizing the best practices of lean
manufacturing, OEE (Overall Equipment Effectiveness) and continuous
improvement, CDC Factory provides a real-time framework that
integrates scheduling, operations, quality and maintenance. The
solution enables bottom-line profit improvements within six months
by exposing hidden opportunities for performance improvement. CDC
Factory eliminates reams of paperwork and provides operators and
supervisors with clear, real-time insight into the performance of
production lines. CDC Factory empowers workers to improve
production performance, increase operational efficiencies and see
how they actively contribute to profitability. About CDC Software
CDC Software, The Customer-Driven Company�, is a provider of
enterprise software applications designed to help organizations
deliver a superior customer experience while increasing
efficiencies and profitability. CDC Software�s product suite
includes: CDC Factory (manufacturing operations management), Ross
ERP (enterprise resource planning) and SCM (supply chain
management), IMI (warehouse management and order management),
Pivotal CRM and Saratoga CRM (customer relationship management),
Respond (customer complaint and feedback management), c360 CRM
add-on products, industry solutions and development tools for the
Microsoft Dynamics CRM platform, Platinum HRM (human resources) and
business analytics solutions. These industry-specific solutions are
used by more than 6,000 customers worldwide within the
manufacturing, financial services, health care, home building, real
estate, and wholesale and retail distribution industries. The
company completes its offerings with a full continuum of services
that span the life cycle of technology and software applications,
including implementation, project consulting, outsourced business
services, application management and offshore development. CDC
Software is the enterprise software unit of CDC Corporation
(NASDAQ: CHINA) and is ranked number 12 on the MBT 2007 Global 100
List of Enterprise and Supply Chain Management Application vendors.
For more information, please visit www.cdcsoftware.com. About CDC
Corporation The CDC family of companies includes CDC Software
focused on enterprise software applications and services, CDC
Mobile focused on mobile applications, CDC Games focused on online
games, and China.com focused on portals for the greater China
markets. For more information about CDC Corporation (NASDAQ:
CHINA), please visit www.cdccorporation.net. Cautionary Note
Regarding Forward-Looking Statements This press release includes
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements regarding, among
other things, our beliefs regarding DBC�s business after the
acquisition, our beliefs regarding the complementary nature of this
acquisition and the effects thereof on our and DBC�s existing and
future businesses, our beliefs regarding DBC�s contribution to our
growth strategy, our ability to expand CDC Factory and Ross
Enterprise throughout Australia, our beliefs regarding the benefits
to our and DBC�s current and future customer bases, our expected
growth and entry into new markets, and other matters related to the
acquisition of DBC, our beliefs regarding the success of our
acquisitions, our continued improvement in customer satisfaction
levels, the continued success and expected market acceptance of DBC
solutions, our continuation of our acquire, focus and grow
strategy, and other statements that are not historical fact, the
achievement of which involve risks, uncertainties and assumptions.
If any such risks or uncertainties materialize or if any of the
assumptions proves incorrect, our results could differ materially
from the results expressed or implied by the forward-looking
statements we make. These statements are based on management's
current expectations and are subject to risks and uncertainties and
changes in circumstances. There are important factors that could
cause actual results to differ materially from those anticipated in
the forward looking statements, including the following: (a) the
ability to realize strategic objectives by taking advantage of
market opportunities in targeted geographic markets; (b) the
ability to make changes in business strategy, development plans and
product offerings to respond to the needs of current, new and
potential customers, suppliers and strategic partners; (c) the
effects of restructurings and rationalization of operations; (d)
the ability to address technological changes and developments
including the development and enhancement of products; (e) the
entry of new competitors and their technological advances; (f) the
need to develop, integrate and deploy enterprise software
applications to meet customer's requirements;) the continued
ability of the company's enterprise software solutions to address
client-specific requirements; (g) and demand for and market
acceptance of new and existing enterprise software and services and
the positioning of the company's solutions;. Further information on
risks or other factors that could cause results to differ is
detailed in filings or submissions with the United States
Securities and Exchange Commission made by CDC Corporation in its
Annual Report for the year ended December 31, 2006 on Form 20-F
filed on July 2, 2007. All forward-looking statements included in
this press release are based upon information available to
management as of the date of the press release, and you are
cautioned not to place undue reliance on any forward looking
statements which speak only as of the date of this press release.
The company assumes no obligation to update or alter the forward
looking statements whether as a result of new information, future
events or otherwise.
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