CDC Software Adds Two Latin American Companies to Franchise Partner Program as It Expands in Rapidly Growing Emerging Markets
July 31 2008 - 8:00AM
Business Wire
CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ:
CHINA) and a provider of industry-specific enterprise software
applications and business services, announced today that it has
added two new partners from Chile and Brazil to its growing and
diversified Franchise Partner Program, that now totals seven
companies. The CDC Software Franchise Partner Program funds CDC
Software�s investments, through majority control or minority
stakes, in strategic partners located in high growth geographies
that include Latin America, India, China, the Middle East and
Eastern Europe. CDC Software�s investment in these companies helps
facilitate the expansion of its global distribution footprint, and
helps franchise partners grow their businesses. The two new
franchise partners are Ross Enterprise SA in Chile and CDC Software
de Brazil, which represent the latest in the company�s expansion
into the Latin American market. CDC Software�s other franchise
partners have operations in China, India, Argentina, Ecuador,
Venezuela, Colombia, Mexico, Europe and Australia. In recent
months, CDC Software announced a new franchise partner in China,
Integrated Solutions Limited (ISL), a leading developer of
enterprise solutions for discrete manufacturers in China. CDC
Software�s Franchise Partners also have closed on new sales for
Ross Enterprise and Pivotal CRM in the second quarter of 2008 that
include: Bharti AXA Investment Managers Private Ltd., an
India-based asset management company; CorpBanca, one of the leading
banks in Chile; Alimentos de la Granja, a Mexico-based producer of
egg products; Natividad Abogados, S.C. Asesores de Empresas, one of
Mexico�s most prestigious law firms; and several new Platinum HRM
deals through the ISL partnership. �Based on my experience, the
Franchise Partner Program has been a very effective channel
program,� said Oscar Martinez, CEO of Desarrollo de Recursos
Estrat�gicos S.A de C.V (DRE), the Franchise Partner in Mexico.
�It�s a win-win relationship where DRE helps CDC Software expand in
a new market while the company provides us the resources we need to
grow and prosper.� �The Franchise Partner Program has benefited ISL
in multiple ways such as having access to CDC Software�s portfolio
of innovative and award-winning products, such as Platinum HRM and
Ross Enterprise, which complement our product line, as well as the
opportunity to leverage their global distribution network to resell
our own products,� said Hilton Law, CEO of Integrated Solutions
Limited. �The Franchise Partner Program has become a key sales
channel for our solutions globally and it is highly differentiated
relative to the overall software industry,� said Bruce Cameron,
executive vice president of Worldwide Sales and Marketing for CDC
Software. �It is a low-cost investment that bolsters our
international distribution strategy, especially in emerging
markets. We are looking at other opportunities to expand the
Franchise Partner Program including Eastern Europe, as well as
Russia and other high growth emerging markets.� About the CDC
Software Franchise Partner Program The CDC Software Franchise
Partner Program, established in April, 2006 funds CDC Software�s
investments, through majority control or minority stakes, in
strategic partners located in high growth geographies that include
Latin America, India, China, the Middle East and Eastern Europe.
CDC Software�s investments in these companies facilitate expansion
of their global distribution footprint, as well as help partners
grow their business. Franchise Partner investments are targeted
toward companies in high-growth geographies and so far the program
has invested in seven partners located in Latin America, India,
China and Europe. 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), e-M-POWER
(discrete manufacturing), CDC Supply Chain (supply chain management
,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, 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 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 the ability
of our franchise partners to help facilitate the expansion of our
distribution network in emerging and high-growth markets, our
ability to enter agreements with new franchise partners in Russia,
Eastern Europe and other markets in the future, our ability to
finalize our agreement with Tenly Software, our ability to
consummate the investment in and with franchise partners and the
effects thereof, expected growth, the ability to realize continued
successes with marketing and selling CDC Software products in high
growth markets like China, India, Latin America and Eastern Europe
and other targeted geographies for the franchise partner program,
the ability to attain future expansion and enter into new markets
globally, the ability of our franchise partners to market and sell
CDC Software solutions to their markets, the ability of franchise
partners to expand our footprint in these high growth markets, our
ability to leverage vertical industry specialization to gain
competitive advantages, our ability to find, and take advantage of,
significant opportunities in these franchise partner program
markets, the existence and success of synergies between the
franchise partners and CDC Software, our ability to successfully
complete the investment franchise partner, our beliefs regarding
the success of our acquisitions and Franchise Partner Program, our
continued improvement in customer satisfaction levels, 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
complete definitive agreements regarding the investment and joint
venture between CDC Software; (b) the ability to realize strategic
objectives by taking advantage of market opportunities in targeted
geographic markets; (c) 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; (d) the effects of restructurings and
rationalization of operations; (e) the ability to address
technological changes and developments including the development
and enhancement of products; (f) the entry of new competitors and
their technological advances; (g) the need to develop, integrate
and deploy enterprise software applications to meet customer's
requirements; (h) the continued ability of the company's enterprise
software solutions to address client-specific requirements; (i) and
demand for and market acceptance of new and existing enterprise
software and services and the positioning of the company's
solutions; (j) the ability to market and sell CDC Software products
globally. 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,
2007 on Form 20-F filed on July 2, 2008. 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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