CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced it
completed the acquisitions of Truition Inc., a leading on-demand
e-Commerce platform provider for retailers and brand manufacturers,
and gomembers, a leading provider of software as a service (SaaS)
and on-premise solutions for the Not-For-Profit (NFP) and
Non-Governmental Organizations (NGO) market.
As previously announced, these acquisitions are at the center of
CDC Software’s “roll-up strategy” to capitalize on the growing
on-demand software market. The Company believes that the products
from these acquisitions will complement CDC Software’s on-premise
solutions in key verticals that include NFP/NGO, retail, financial
services, consumer electronics, apparel, consumer packaged goods
(CPG), travel/leisure/loyalty and sports/entertainment. With these
acquisitions, CDC Software can offer customers multiple deployment
options, such as on demand, on-premise and hybrid, a blend of
on-premise and on demand solutions, that best fit their business
requirements.
Specifically, the Truition acquisition is expected to open up
the business to consumer market (B2C) for CDC Software solutions,
as well as help position CDC Software at the forefront of the
enterprise market with its ability to offer an end-to-end supply
chain execution solution – from raw materials to the end consumer.
Founded in 1998, Toronto, Canada based Truition has delivered SaaS
e-commerce solutions to more than 150 customers in 10 countries
that include Sirius XM Satellite Radio, Dell Financial Services,
Fujitsu, Philips, Major League Baseball, Wolford, Genco, American
Airlines, National Football League (NFL), National Basketball
Association (NBA), Sears, Starwood, United Airlines and National
Hockey League (NHL), to name a few.
Founded in 1996, gomembers delivers enterprise solutions to more
than 150 customers, utilizing more than 1,500 seats, that include
trade groups, professional societies, medical-based not-for-profit
organizations, associations, hospitals, colleges and universities,
certification bodies, fundraising groups, individual member-based
groups, NFP management companies and donor-based organizations. Its
customers can automate constituent communications and development,
member services, constituent-to-constituent collaboration, ERP,
CRM, financial management, transaction processing and e-commerce
all from a single platform. Customers include: The Armed Forces
Communications and Electronics Association International, Water
Research Foundation, University of Iowa and The United States
Conference of Catholic Bishops, to name a few.
“We are excited to complete these two SaaS acquisitions which we
believe will be earnings accretive immediately and hold a
compelling valuation,” said Peter Yip, CEO of CDC Software.
“Truition and gomembers will help us gain strong traction in the
growing SaaS market. Truition, in particular, is expected to open
up the B2C market for our solutions while we believe gomembers will
help position us as a leading SaaS player in the NFP/NGO market.
From a revenue perspective, we believe these acquisitions offer
numerous cross-sell opportunities with our CDC solutions.
“We believe customers of these acquired companies will also
benefit significantly from the combination of their existing
solutions and CDC Software’s compelling global technology and
business platform. This technology and business platform features
an infrastructure of multiple complementary applications and
services, domain expertise in vertical markets, cost effective
product engineering centers in India and China and a worldwide
network of direct sales and channel operations. We believe our
global platform is also a key reason why we have successfully
integrated acquisitions that have resulted in a deeper and broader
product portfolio, expanded geographic reach, and increased
vertical expertise.”
These acquisitions mark the latest of previously announced
acquisition plans undertaken by CDC Software. Last quarter, CDC
Software completed the acquisition of WKD Solutions Ltd., a leading
provider of supply chain event management solutions marketed under
the brand Categoric. Last month, CDC Software completed the
acquisition of Activplant, an enterprise manufacturing intelligence
solution provider, that helps solidify CDC Factory’s leadership in
the packaged manufacturing operations management (MOM) market.
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 X-alert (real-time
supply chain event management), CDC Power (discrete ERP), 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 beliefs
about CDC Software, Truition and gomembers, including our beliefs
regarding the earnings-accretive nature of these acquisitions and
the potential effects and expected benefits thereof, including the
potential effects on our competitive position in the enterprise
software, NFP/NGO and B2C markets, our beliefs regarding the
accounting treatment and earnings accretive nature of these
acquisitions, the benefits of these companies’ products to
customers, our beliefs and third party beliefs regarding the SaaS
market and its market conditions, our beliefs regarding our ability
to integrate and leverage the products and solutions to be acquired
through these acquisitions with our existing products and platform
and the expected benefits thereof, our beliefs regarding the
possible benefits of this acquisition for our cross-selling
opportunities, market expansion, product offerings, and sales
volumes, our expectations regarding the resumption and continuation
of an acquisition business strategy and our continuation of a SaaS
roll-up strategy, our expectations regarding our possible market
share, uniqueness of our product offerings and ability to attain
future expansion and success with customers of CDC Software, our
beliefs regarding our ability to integrate these acquisitions into
CDC Software, our belief regarding the existence and potential
success of synergies between each of Truition and gomembers and CDC
Software, our beliefs regarding our global scalable business and
technology platform 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 market and the ability of CDC Software and/or
Tuition’s and gomembers’ products to address the business
requirements of the market. 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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