CDC Software Adds Seven New Strategic Resellers for Key Vertical Industries as Part of Expansion Plans in China
September 30 2009 - 10:25AM
Business Wire
CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced it
has added seven resellers to its Global Partner Program as part of
its previously announced expansion plans to position China as the
second largest market, in terms of revenue, for the company in the
next few years.
The new resellers are expected to help expand CDC Software’s
geographic footprint and improve penetration in China, bolster CDC
Software’s presence in existing verticals such as chemical and
pharmaceutical manufacturing, and introduce CDC Software’s products
to new manufacturing markets such as discrete, machine, jewelry and
fashion. These new resellers are also expected to help CDC Software
achieve its strategic goals in China which calls for plans to make
China the second leading market for CDC Software. As of the second
quarter of 2009, approximately 50 percent of CDC Software’s sales
were generated from North America followed by 30 percent from
EMEA.
The new resellers for CDC Software’s solutions are:
- ACT Solutions, Ltd. will resell
Pivotal CRM to the new markets of jewelry and fashion manufacturing
in Hong Kong and South China.
- InfoDNA will resell CDC HRM and
Ross ERP to the chemical manufacturing markets in East China.
- JSWorld will resell Ross ERP and
CDC HRM to the chemical and pharmaceutical manufacturing markets in
West and South China.
- Kinggong (will resell CDC HRM
and CDC Software’s e-M-POWER discrete manufacturing solution to the
electronic and machine manufacturing markets in Shanghai and
Jiangshu.
- Net Consultants Ltd. will resell
Pivotal CRM to general manufacturing customers in Hong Kong and
South China.
- Radica System Ltd. an email
marketing solution provider, plans to bundle Pivotal CRM with their
email marketing solution to the large enterprise market in Hong
Kong.
- Think Technology Group Ltd. will
resell Pivotal CRM primarily to the discrete manufacturing markets
in Hong Kong and South China.
These new resellers are the latest initiatives in CDC Software’s
strategy to expand its sales in China. As previously announced, CDC
Software signed a term sheet to acquire up to a 51 percent stake in
Beijing-based Hejia Software Technology Co. Ltd, a major ERP
software provider in China.
“We are very pleased with adding these established resellers in
China to our Global Partner Program numbering more than 1,100
resellers worldwide,” said Bruce Cameron, president of CDC
Software. “We believe China holds a dynamic growth opportunity for
the enterprise software market and believe that these new resellers
may make a significant impact to our sales goals there in the next
few years. Furthermore, we intend to seek to acquire more companies
in China, which may also help to boost sales there. With this
acquisition strategy, along with our formidable product
engineering, support, direct sales and reseller operations in that
country, we plan to eventually make that region our second largest
revenue generator for the company.”
“We are excited to add these new partners to our growing
reseller channel in China,” said Hilton Law, managing director for
CDC Software’s Global Partner Program in China. “These new partners
are expected to help open up new markets for our products and
enable us to penetrate further in the one of the world’s fastest
growing economies.”
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 X-alert (real-time event management), e-M-POWER
(discrete manufacturing), 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, 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 plans for
expansion in China and the expected and potential benefits thereof
to the company’s business and financial performance; our
expectations regarding the potential benefits of engaging these
resellers and their performance; our beliefs regarding the
opportunities represented by the China market and the potential
impact on our revenues in the future; our beliefs regarding the
potential benefit of our acquisition strategy in China; our
expectations regarding our continued expansion in the China region
and other countries, our beliefs about the competitive and market
position of CDC Software, the China market in general, our
penetration thereof, and growth opportunities in that area; our
beliefs regarding the China enterprise software market, our
expectations regarding the resumption of an acquisition business
strategy, our expectations regarding our ability to attain future
expansion, our beliefs regarding these resellers’ reselling efforts
for our 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 in China, the ability of CDC
Software and products to address the business requirements of the
market, demand for and market acceptance of technology, as well as:
(a) the ability to realize strategic objectives by taking advantage
of market opportunities in China; (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; and (i) the performance of our
contractual partners and their compliance with the terms of their
agreements with us. 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. 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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