CDC Software and Software Technology signed an agreement letter set
ISL Software CDC Software Franchise participating in cooperative programs in Greater China and the world's first 5 companies
Shanghai, Atlanta, March 12, 2008 News - CDC Software in Shanghai today at a press conference that the letter has set Software Technology Co., Ltd. (ISL) signed an agreement to acquire ISL 51% of the shares. Contracting parties expect to complete by the end of March 2008 the transaction. ISL is a Hong Kong-based management system for enterprise resource planning (ERP) supplier, specifically for small and medium size Chinese manufacturers discrete design and production-related software.
CDC Software, Greater China Group Vice President Mr. Liu Siyuan, CDC Software Group Vice President and President of China, Mr. Yu Xiang, and set the letter the Chief Executive Officer Mr. Luo Yaozong Software Technology, attended the press conference in Shanghai to the presence of nearly 30 reporters about the details of the acquisition, and the CDC Software Franchise program strategies and the latest developments.
ISL was established in 1985. The success of its focus on vertical industry strategy and the strategy of CDC Software is exactly the same. The company provides complete ERP solutions to meet China's electronics, toys, tables and furniture industries Chung needs of SMEs. ISL in South China has more than 150 customers, including NCR Electronics Artfield, Wei Ruite intelligence monitoring, and the strong force Lianfeng watch industry. The company has received many industry awards, including the Hong Kong Management Association Quality Award (in accordance with the well-known U.S. Malcolm Balridge award assessed against the standard), Microsoft issued by the best tailor-made software developers Award and 2004 Windows Server 2003 Global Award.
ISL eM-POWER ERP is a fully functional enterprise resource planning system for small and medium manufacturers purchasing, sales, inventory, production, mold management, finance and quality monitoring service eligibility. ISL is headquartered in Hong Kong and southern China have been successful in selling and configuration solutions. After joining CDC Software, these solutions will be marketing and selling the Greater China region, will be expanded to other parts of Asia. ISL is also a Microsoft Gold Certified partner, eM-POWER applications using. NET Framework Platform, using Microsoft Visual Studio. NET 2008 as development tools. The system is based on the standard Microsoft designed with a variety of CDC Software's highly complementary management software, which includes the Pivotal CRM Customer Relationship Management (Pivotal CRM), and only sold in the Greater China Platinum HRM (Platinum HRM ) solution.
Eric Musser, CEO of CDC Software, said: "This acquisition is nearing completion of our corporate strategy of 'mergers and acquisitions, focus and grow' another excellent example. ISL is a very successful vertical industry expertise, with CDC Software is very similar , only slightly smaller scale. We are small and medium manufacturers in South China ISL achieve brilliant successes and attractive, we will give full play to their expertise, to help them strengthen the competitive advantage to expand their business outside the vast area of South China. big Greater China is our strategic business focus, we believe that small and medium sized manufacturers in the region for cost-effective demand Yin ERP system to improve its operation and management, and to show clients concerned about security of global quality management and quality monitoring eligibility strength, which is significant opportunity for our business. "
LUO Yao-zong ISL chief executive, said: "will soon join the CDC Software family make us very happy. Previous CDC Software M & A companies are nurtured it grow, the business has grown, I am convinced that ISL with CDC Software's business strategy 'M & A, focus and grow' is another natural fit. We will work together on the basis of ISL into new regions and aim at larger scale to build on our success in South China.
CDC Chairman Dr Raymond Ch'ien said: "We will help ISL use of CDC Software in more than 50 countries and 500 distributors worldwide structure of the deep. Our long term goal is to establish a global framework and facilities, through through our selection of software solutions for successful sales channels, the ISL's ERP solutions into emerging markets such as the Middle East, Southeast Asia, India. on the CDC software, China is a strategic growth market, we of hope to increase their investments in the Mainland. We highlight the ISL investment carefully our commitment to the China market; the same time, CDC Software will be another powerful force permits the use of CDC Software to enhance and expand the distribution of concern about the model to help small software companies to enhance the rapid growth and competitiveness. "
CDC Software's Franchise Partner Program began in April 2006, will complete the acquisition of ISL is the latest of a project. Through the Franchise Partner Program, CDC Software through the acquisition of a controlling stake or equity participation with partners in the designated areas to establish strategic partnerships. In addition to investment in ISL, CDC Software, the existing four franchise partners, located in India, Argentina, Spain and Mexico.
The acquisition is subject to standard closing conditions, including CDC Software completed due diligence on the ISL.
CDC Software is a Nasdaq-listed CDC Corporation (ticker symbol: CHINA), a wholly owned subsidiary, its core business is providing all types of enterprises to the global industry-specific applications and business services.
About CDC Software
CDC Software is a customer-led global leader in enterprise management software solutions provider whose mission is by providing superior solutions to help customers improve efficiency and profitability. CDC Software's products include CDC Factory manufacturing operations management, Ross (Ross Enterprise) enterprise resource planning and supply chain management, IMI warehouse management and order management, Pivotal CRM (Pivotal CRM) and Saratoga CRM ( Saratoga CRM), Respond customer complaint and feedback management, c360 CRM add-on products, Microsoft Dynamics CRM platform, industry solutions and development tools, Platinum HRM (Platinum HRM) solutions, and business analytics solutions.
Currently, CDC Software solutions to these sub-sectors in the world with more than 6,000 customers. Throughout the manufacturing, financial services, health care, construction, real estate, and wholesale and retail distribution industries. Company provides software solutions for the entire life cycle of the full range of services, including: implementation, project consulting, outsourced business services, application management and offshore development. CDC Software is the CDC Investment Group Co., Ltd. (NASDAQ: CHINA) subsidiary of its wholly-owned software, currently ranks the "2007 Global hundred manufacturing information technology suppliers" of the enterprise and supply chain management software Business ranked 12th.
About CDC Corporation
CDC Corporation's, includes a focus on enterprise management software and services, CDC Software, focused on mobile applications, mobile communications business, CDC, CDC Games focused on online games, and focus on the Greater China market portal business The CDC technology companies.