CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced it
has signed a term sheet to acquire a provider of supply chain
management solutions.
In the event that this transaction is completed, we believe this
targeted acquisition will allow us to offer new technology that
includes integrated supply chain, demand planning and performance
management solutions that are expected to complement CDC Software’s
portfolio of back office applications. This acquisition is expected
to generate new cross-selling opportunities with CDC Software’s CDC
Supply Chain, Truition and Activplant solutions, where the product
lines share similar Tier 1 vertical markets that include high tech
and automotive customers. This targeted acquisition also offers a
supply chain planning solution tailored specifically for the small
to medium-size enterprise market that we believe can be sold with
Ross Enterprise.
Founded more than a decade ago, this venture-capital financed
company has more than 100 customers primarily in the industrial,
high tech, and chemical markets.
“Based upon our analysis and projections performed to date, this
planned acquisition is expected to be earnings accretive
immediately, and we believe it would be an excellent cross-selling
fit with our CDC Supply Chain, Ross Enterprise and the newly
acquired Activplant and Truition solutions,” said Bruce Cameron,
president of CDC Software. “This company’s solutions are used by
some of the world’s leading brands in the high tech, industrial and
CPG markets, and their international presence in Europe and Asia
would also complement the established infrastructure CDC Software
already has in those regions. We also believe this new technology
will provide our customers with a 360 degree view of their supply
and demand requirements and constraints, as well as the analysis
needed to optimize their supply chains.”
This planned acquisition is the latest in several key moves made
in recent months by CDC Software to acquire companies that help
fill out its technology portfolio or to aid its expansion into new
markets and geographic regions. In the last few months, CDC
Software has acquired WKD Solutions, a supply chain event
management software company, Activplant, a provider of
manufacturing intelligence software, Truition, a cloud-based on
demand e-Commerce platform provider for retailers and brand
manufacturers, and gomembers, a provider of cloud-based
software-as-a-service (SaaS) enterprise software for the
Not-For-Profit (NFP) and Non-Governmental Organizations (NGO)
markets.
The acquisition is subject to several customary closing
conditions, including the execution of definitive documentation
related to the acquisition, the receipt of all requisite approvals
and consents, and the satisfactory completion of due diligence by
CDC Software.
About CDC
Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a
provider of enterprise software applications and services designed
to help organizations deliver a superior customer experience, while
increasing efficiencies and profitability. CDC Software provides
customers with maximum flexibility in their solutions through
multiple deployment options which best fit their business needs.
Leveraging a service-oriented architecture (SOA), CDC Software
offers multiple delivery options for their solutions such as
on-premise, cloud-based or hybrid (blending of the two options)
deployment offerings. CDC Software's product suite includes: CDC
Factory (manufacturing operations management), Activplant
(enterprise manufacturing intelligence), CDC Ross ERP (enterprise
resource planning), CDC Supply Chain (supply chain management ,
warehouse management and order management), CDC xAlerts (real-time
supply chain event management), CDC Power (discrete ERP), CDC
eCommerce, CDC NFP/NGO, CDC Pivotal CRM and Saratoga CRM (customer
relationship management), CDC Respond (customer complaint and
feedback management), c360 CRM add-on products, industry solutions
and development tools for the Microsoft Dynamics CRM platform, CDC
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, technical support and IT consulting. For more
information, please visit www.cdcsoftware.com.
About CDC Corporation
The CDC family of companies includes CDC Software (NASDAQ: CDCS)
focused on enterprise software applications and services, CDC
Global Services focused on IT consulting services, and outsourced
R&D and application development, CDC Games focused on online
games, and China.com China.com, Inc. (HKGEM:8006) 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, including statements relating to our
expectations for completing this acquisition of the company and the
terms thereof, if at all, our expectations regarding the potential
benefits of acquiring company, our expectations regarding our
ability to offer new technology that includes integrated supply
chain, demand planning and performance management solutions, our
beliefs about the competitive and market position of company, our
beliefs regarding company’s technology and products, our
expectations regarding our ability to attain future expansion and
success with customers company through cross-selling and otherwise,
our beliefs regarding the earnings accretive nature of this
transaction, our beliefs regarding our ability to complete the
contemplated acquisition, including negotiating definitive
transaction documents, our beliefs regarding this company’s
international presence in Europe and Asia and how this complements
CDC Software’s infrastructure in those regions, our beliefs
regarding the timing and availability for any products developed,
our beliefs regarding company’s products, and other statements that
are not historical fact, the achievement of which involve risks,
uncertainties or assumptions. 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,
among others: the conditions of the enterprise software market, the
ability of CDC Software and company products to address the
business requirements of the market, demand for and market
acceptance of company technology, as well as: (a) the ability to
realize strategic objectives by taking advantage of market
opportunities; (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 in our companies; (d) the ability to
address technological changes and developments including the
development and enhancement of products; (e) the ability to develop
and market successful products and services; (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; and (h) the possibility of
development or deployment difficulties or delays; 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.
Also, the results and benefits experienced by customers and users
set forth in this press release may differ from those of other
users and customers. Further information on risks or other factors
that could cause results to differ is detailed in our filings or
submissions with the United States Securities and Exchange
Commission, and those of our ultimate parent company, CDC
Corporation, located at www.sec.gov. 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. Historical results are not indicative of
future performance.
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