CDC Software (NASDAQ: CDCS), a global provider of enterprise
software applications and services, today announced it plans to
integrate its cloud-based on-demand eCommerce platform with one of
North America’s premier auction marketplaces as part of a strategic
partnership with Bidz.com (NASDAQ: BIDZ), a leading online jewelry
auctioneer in North America.
This partnership is expected to help CDC eCommerce customers,
that include some of the world’s leading brand manufacturers and
retailers, increase sales volume, as well as leverage an alternate
channel of distribution for their products. As part of this
partnership, customers can list items, like consumer electronics,
computers and sports related products, which are not specialities
of this jewelry auctioneer, exclusively into Bidz.com through its
CDC cloud-based eCommerce system. This will help CDC eCommerce
customers’ help increase online sales though auctioning off excess
inventory into a highly visible distribution channel. In turn, CDC
eCommerce customers also will provide Bidz.com with access to
products beyond jewelry which helps them expand in the growing
online auction marketplace.
CDC eCommerce is a cloud-based on-demand eCommerce platform
based on a 100 percent multi-tenant architecture that helps
retailers and manufacturers effectively sell products through
multiple online sales channels and across international boundaries.
CDC eCommerce powers more than 150 ecommerce sites in 10 countries
that include some of the world’s leading brands such as Sirius XM
Satellite Radio, Dell Financial Services, Philips, Major League
Baseball, Wolford, Genco, American Airlines, National Football
League (NFL), Sears, Starwood, United Airlines and National Hockey
League (NHL).
Bidz.com offers live auctions on its website 24 hours a day,
seven days a week. Bidz.com also features a unique live auction
process where bidding ends at a preset deadline, unlike other sites
where auctions can last for days. Bidz.com auctions are fast-paced
with auctions that last as long as there are bidding, and close if
there has not been a bid in 15 seconds.
“This partnership provides CDC Software with a new exclusive
distribution channel for customers while adding additional
opportunities for transactional revenue,” said Gary Black, general
manager of CDC eCommerce product line of CDC Software. “Customers
can utilize this new channel to help increase their sales and
ultimately grow their bottom line.”
“We are delighted to partner with CDC Software and provide their
world class customers exclusive access to our unique auction
marketplace,” said Leon Kuperman, president of Bidz.com. “We
believe that Bidz.com can help bring these customers’ excess
inventory into a highly visible distribution channel that has
bidders from as many as 130 countries. CDC eCommerce customers also
will provide us with access to products beyond jewelry that will
help us expand even further in the growing online auction
marketplace.”
About Bidz.com
Bidz.com, founded in 1998, is a leading online retailer of
jewelry. Bidz offers its products through a live auction format as
well as a fixed price online retail store, Buyz.com. Bidz.com's
auctions are also available in Arabic, German and Spanish. To learn
more about Bidz.com visit its website at www.bidz.com, which is not
part of this press release. Bidz also operates Modnique, a division
of Bidz.com, an exclusive private sale shopping site for
members-only, offering authentic premium brand name merchandise.
Modnique offers its members exclusive access to 24-72 hour sales
events on designer apparel, accessories, shoes, and houseware and
much more at price points up to 85 percent below traditional retail
prices. To learn more about Modnique visit its website at
www.modnique.com, which is not part of this press release.
About CDC eCommerce
CDC eCommerce (www.cdcecommerce.com) is a leading cloud-based
on-demand eCommerce platform for retailers and manufacturers that
helps them effectively sell products through multiple online sales
channels and across international boundaries. Powering more than
150 ecommerce sites in 10 countries, CDC eCommerce provides its
client base with a unique combination of technology and
professional services, allowing these organizations to effectively
outsource core elements of their eCommerce operations. Many of the
most well respected brands in the world, such as Sirius Satellite
Radio, Major League Baseball, and Dell Financial Services, use CDC
eCommerce.
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.
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 our and bidz.com expectations regarding this
strategic partnership and relationship and the potential benefits
of this relationship to each party and their respective customers
including potential increases in sales volumes, our beliefs and
expectations regarding this partnership to target markets, our
beliefs regarding the intentions and beliefs of both parties
relating to market expansion and penetration and performance under
this strategic partnership, our beliefs relating to the leveraging
of the Bidz.com auction marketplace by CDC eCommerce customers, our
expectations and those of bidz.com with respect to market and
customer needs, demands and preferences, 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;
(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, in the process manufacturing industries;
(c) the ability to address technological changes and developments
including the development and enhancement of products; (d) the
fulfillment of contractual obligations by our partners. 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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