CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced it
has completed the previously announced acquisition of Surrey,
U.K.-based WKD Solutions Ltd., a leading provider of supply chain
event management and business activity monitoring (BAM) solutions
which help improve an enterprise’s supply chain visibility and
support their governance, risk and compliance requirements.
The company, marketed under the brand name Categoric,
specifically provides real time information about the status and
results of various operations, helps predict issues before they
arise, and alerts users on exceptions or problems, such as delayed
shipments and damaged goods, so corrective action can be taken
immediately. The solution also includes Sarbanes-Oxley auditing and
compliance capabilities. The acquisition fits into CDC Software’s
strategy to address a high-growth market called Complex Event
Processing (CEP) with products that offer functionality in supply
chain event management, security, advanced business intelligence
and fraud detection handling.
Under an OEM agreement, Categoric’s supply chain event
management technology has been used in CDC Software’s CDC Supply
Chain product line for several years, and with the acquisition,
will now be integrated into the CDC Supply Chain product line.
Future releases of these supply chain event management solutions
will be developed at CDC Software’s Nanjing, China product
engineering center.
Customers of Categoric’s xAlerts technology include: Ames True
Temper, Aviall Services, Continental AG, Saks 5th Avenue, and
Shanghai General Motors.
“We are excited to acquire this technology which already has
been a strategic fit to our CDC Supply Chain solutions through our
past OEM relationship WKD Solutions and also addresses the hot
market of CEP,” said Bruce Cameron, president, CDC Software. “We
expect this to be an accretive acquisition, and that it will help
improve profit margins for CDC Software as we will now own the
technology we in the past used to license. We also will be
leveraging our China product engineering operations which we expect
will add more cost efficiencies to the development of future
Categoric product releases. Categoric helps us expand the breadth
of our enterprise applications offerings and create new cross-sell
opportunities throughout our customer base. We also believe that
this acquisition illustrates how we are delivering value to our
customers by expanding the depth of our industry applications
through investments in organic innovation, as well as targeted
acquisitions.”
CDC Supply Chain
CDC Supply Chain offers a broad range of integrated, open
standards-based solutions that service key areas of complex supply
chains and distribution networks. The solutions can operate as
standalone modules or can readily integrate into an enterprise's
existing applications. Key functionality in the CDC Supply Chain
suite includes order and inventory management, demand &
replenishment planning, warehouse management, transportation
management, dynamic route planning, slotting, labor management,
cross dock planning and yard management. CDC Supply Chain is
designed to leverage the Open Application Group XML Integration
Standard, ensuring cost effective integration into today’s
event-driven supply chain and enabling the incremental refinements
of a solution footprint as business needs evolve.
Some of the world's leading customers use CDC Supply Chain and
can be viewed along with more information on the products by
visiting: www.CDCsupplychain.com.
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's product
suite includes: CDC Factory (manufacturing operations management),
CDC Ross ERP (enterprise resource planning), CDC Supply Chain
(supply chain management, warehouse management and order
management), 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, outsourced
application development and IT staffing, 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, including statements relating to our beliefs
about the competitive position of Categoric, our beliefs regarding
Categoric’s supply chain event management technology, its
integration with our current products, and the future development
efforts with respect thereto, our beliefs regarding the CEP market,
our beliefs regarding the impact of the acquisition of WKD
Solutions on our financial metrics and performance, including our
product margins, our beliefs regarding the earnings-accretive
nature of this acquisition and the completion, effects and expected
benefits thereof, our beliefs regarding the benefits of Categoric's
products to customers, our beliefs regarding our ability to
integrate and leverage the products and solutions to be acquired
through our proposed acquisition of Categoric, our expectations
regarding the resumption of an acquisition business strategy, our
expectations regarding our ability to attain future expansion and
success with customers of CDC Software and Categoric, our beliefs
regarding the timing and availability for any products developed,
our beliefs regarding our ability to integrate Categoric technology
with ours, the belief regarding the existence and success of
synergies between Categoric and CDC Software and our ability to
continue to provide supply chain solutions that help ensure the
timely and profitable movement of product from demand to
consumption 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/or
Categoric products to address the business requirements of the
market, demand for and market acceptance of CDC Software and/or
Categoric technology, and the ability of CDC Software to
successfully integrate Categoric technology, as well as: (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 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; (h) the
possibility of development or deployment difficulties or delays;
(i) the dependence on customer satisfaction with the company's
games, software products and services; (j) continued commitment to
the deployment of the products, including enterprise software
solutions; (k) risks involved in developing software solutions and
integrating them with third-party software and services; (l) the
continued ability of the company's products and services to address
client-specific requirements; (m) demand for and market acceptance
of new and existing enterprise software and services and the
positioning of the company's solutions; and (n) the ability of
staff to operate the enterprise software and extract and utilize
information from the company's products and services. 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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