10.07.2008 11:30:00
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CDC Software Completes Acquisition of Leading and Award-Winning Australian Systems Integrator
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 completed its acquisition of
Dynamic Business Consultants (DBC), a leading and award-winning software
systems integrator based in Melbourne, Australia.
DBC is expected to market and sell CDC Software’s
Process Manufacturing solutions that include CDC Factory and Ross
Enterprise. The acquisition of DBC is intended not only to expand CDC
Software’s market presence in Australia, but
also to expand the solutions and services footprint for CDC Software’s
Australia-based Praxa services business in this rapidly growing region.
CDC Software also 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.
Founded in 1994, DBC specializes in Enterprise Resource System and
Manufacturing Resource Planning, and currently provides IT solutions and
services to more than 90 clients in the financial services,
distribution, manufacturing, non-profit, professional services and
construction industries.
"We are excited to add DBC’s
award-winning solutions and services to our global product and services
portfolio,” said Peter Yip, executive chairman
of CDC Software. "DBC’s
solutions and services highly complement our vertically-rich process
manufacturing solutions and we look forward to further expanding our
market presence for our Ross Enterprise and CDC Factory solutions there.” 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 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 suite 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 functionality 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), 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, healthcare, 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,
among other things, our beliefs regarding the expansion of solutions and
services offerings at Praxa, the products and services both Praxa and
DBC will market and sell, our beliefs regarding the competitive position
of Praxa and DBC and our goals and strategies, our beliefs regarding the
complementary nature of our businesses and the acquisition, our beliefs
regarding potential benefits and added resources to our customer base,
our ability to service new customers and our ability to expand our
market position and opportunities, our beliefs regarding DBC’s
business after the acquisition, 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, 2007 on Form 20-F filed on June 30, 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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