CDC Software Corporation (NASDAQ: CDCS), a global provider of
enterprise software applications and services, today announced it
completed the acquisition of computility, a software as a service
(SaaS) web-based association and membership management software
solution, from privately held Alliance Technologies Inc., as part
of its previously announced strategy to expand CDC Software’s
offerings in the growing on-demand software market.
The computility solution will be integrated into the CDC
gomembers enterprise product line and will add new functionality to
that platform with an association management software solution
featuring integrated web modules and web collaboration tools for
Not-For-Profit (NFP) organizations. This solution, used by more
than 100 NFP customers throughout the U.S., automates processes
including membership, events services, communications and
financials.
CDC Software acquired gomembers at the end of 2009 and offers
SaaS and on-premise enterprise solutions for Not-For-Profit and
Non-Governmental Organizations (NGO) market. The CDC gomembers
platform is at the center of CDC Software’s strategy to acquire
complimentary SaaS solutions targeting the NFP and NGO market. CDC
Software also offers comprehensive on-premise and SaaS solutions
for manufacturing, distribution, and retail industries including
eCommerce, enterprise requirements planning (ERP), supply chain
management (SCM), customer relationship management (CRM).
“We are extremely excited to complete the acquisition of
computility,” said Paul Plaia III, president of CDC gomembers. “It
will add additional web functionality to the CDC gomembers solution
and we believe it will provide one of the leading on-demand
solutions for NFP organizations. We plan to continue acquiring more
companies like these as we build scale and expand globally in the
key NFP/NGO vertical market. We are also very delighted to welcome
the computility customers and professional staff to the CDC
Software family.”
According to Bruce Cameron, president of CDC Software, “The
computility acquisition fits strategically, as well as meets our
disciplined acquisition criteria. CDC Software is committed to
expanding our SaaS solutions for NFP/NGO market and our eCommerce
offerings in the growing Cloud computing space. Our corporate goal
is to grow our recurring SaaS revenue stream, along with sticky
maintenance revenue from our on-premise customers, to about 70
percent of our total revenue over next few
years. Therefore, we plan to continue to make more investments
in the SaaS market to further expand our solution offering in this
growing market.”
CDC Software’s software as a service and on-demand expansion
strategy is centered around several recent acquisitions: CDC
gomembers, a provider of SaaS enterprise solutions for the NFP and
NGO market and CDC Truition eCommerce, an on demand e-Commerce
platform for retailers and brand manufacturers. These acquisitions,
as well as past ones, are also part of CDC Software’s “acquire,
integrate, innovate and grow” strategy. This corporate strategy is
fueled by its global scalable business and technology
infrastructure that includes multiple complementary applications
and services, domain expertise in vertical markets, cost effective
solution engineering centers in India and China and a worldwide
network of direct sales and channel operations. By leveraging this
global infrastructure, CDC Software has achieved a successful track
record of integrating software companies that typically match a
subscale profile and fit synergistically as well as add new
functionality within CDC Software’s strategic product roadmap. CDC
Software’s business and technology infrastructure also help
integrate its acquisitions by driving more cross-sell synergy to
its 6,000 customers globally, eliminating redundant expenses,
streamlining efficiencies and positioning these businesses for
organic growth and profitability.
About CDC Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a
provider of enterprise software applications and a full range of
services designed to help organizations deliver a superior customer
experience, while increasing efficiencies and profitability.
Leveraging a service-oriented architecture (SOA), CDC Software
offers multiple delivery options for their solutions including
on-premise, hosted, cloud-based Software as a Service (SaaS) or
blended-hybrid deployment offerings. CDC Software’s solutions
include enterprise requirements planning (ERP), manufacturing
operations management, enterprise manufacturing intelligence,
supply chain management (demand management, order management and
warehouse and transportation management), e-Commerce, human capital
management, customer relationship management (CRM), complaint
management and aged care solutions.
CDC Software’s recent acquisitions are part of its “acquire,
integrate, innovate and grow” strategy. Fueling the success of this
strategy is the company’s global scalable business and
technology infrastructure featuring multiple complementary
applications and services, domain expertise in vertical markets,
cost effective product engineering centers in India and China, a
highly collaborative and fast product development process utilizing
Agile methodologies, and a worldwide network of direct sales and
channel operations. This strategy has helped CDC Software deliver
innovative and industry-specific solutions to more than 6,000
customers worldwide within the manufacturing, distribution,
transportation, retail, government, real estate, financial
services, health care, and not-for-profit industries. 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, 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
expectations for completing these acquisitions and the terms
thereof, if at all, our expectations regarding the potential
benefits of acquiring these business, including potential
synergies, our beliefs about the competitive and market position of
these businesses, our beliefs regarding technology and products,
and the integration thereof, our expectations regarding our ability
to attain future expansion and success with these businesses’
customers and in the NFP/NGO market segment, our beliefs regarding
the earnings accretive nature of these transactions, our beliefs
regarding Q4 2009 performance and the reasons thereof, our beliefs,
regarding our current and future competitive market position, our
beliefs regarding the timing and availability for any products
developed, our beliefs regarding company’s 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 SaaS and NFP/NGO markets, the
ability of CDC Software and these businesses’ products to address
the business requirements of the market, demand for and market
acceptance of these businesses’ technology, as well as: (a) the
ability to realize strategic objectives by taking advantage of
market opportunities; (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; and (h) the possibility of
development or deployment difficulties or delays; 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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