Nagaraja Prakasam Promoted To Additional Role of Managing Director of Sales for South and Southeast Asia
May 25 2010 - 7:30AM
Business Wire
CDC Software Corporation (NASDAQ: CDCS), a global provider of
hybrid enterprise software applications and services, today
announced it has promoted Nagaraja Prakasam, managing director of
CDC Software’s India operations, to the additional role of managing
director for South and Southeast Asia, and plans to expand its
product engineering operations in India by 15 percent this
year.
CDC Software’s Center of Excellence in Bangalore currently has
229 employees focused primarily in the product engineering
activities for the company’s Front Office products that include CDC
Pivotal CRM, CDC Respond, enterprise complaint management
solutions, c360 and CRM add-on products. In addition, worldwide
support and service activities are also based there.
Prakasam has held a variety of management roles at CDC Software
for nearly 14 years. After an accomplished career at the company’s
U.S. offices, he moved back to India four years ago to lead CDC
Software’s Bangalore product engineering operations. In his role in
the Bangalore operations, Prakasam doubled development resources
and built a Center of Excellence for the company’s Front office
solutions.
He also launched the CDC Software’s Global Franchise Program in
India that is responsible for selling Pivotal CRM products in that
country. In the two years since it was launched, Pivotal CRM has
been implemented in some of the leading brands in India.
“I am pleased to be back in Bangalore today, and deeply honored
to announce Naga’s promotion,” said Peter Yip, CEO of CDC Software.
“CDC Software believes India and the Southeast Asia region holds
significant growth potential in the coming decade, and with Naga’s
leadership, we are well positioned for sales expansion there. I’m
also very excited about the expansion of our Bangalore Center of
Excellence which started as a development center just seven years
ago. This Center is developing innovative Front Office solutions by
leveraging its extensive development and domain expertise, as well
as its use of the Agile development methodology. Notably, it is our
use of Agile that has helped us achieve fast speed-to-market
delivery and enhanced quality in our products, as well as building
an exceptional collaborative product development organization.”
“I’m very excited about this new role and look forward to
pursuing the many significant revenue opportunities offered in
India, as well as tapping into emerging markets in South and
Southeast Asia that hold a lot of potential for future growth,”
Prakasam said. “CDC Software has an innovative and broad product
portfolio that we believe would be a great fit for this growing
region. The expansion of our product engineering operations here
reflects our strategy to continuously meet the growing needs of our
worldwide customer base, and it also illustrates our commitment to
the important technology sector in India. We also plan to increase
our sales channels in India, which we believe is a high growth
region for our enterprise hybrid solutions that include offerings
in on-premise and cloud deployments. Already, we have channel
partners in Southeast Asia and expect to expand there, as well as
sign up new partners in South Asia.”
About CDC
Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a
hybrid enterprise software provider of on-premise and cloud
deployments. 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 resource 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 8,000 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 plans to expand our product engineering
operations in India and the amount of any such increase, our
beliefs regarding market potential in South and South East Asia and
the utility of our products to potential customers in that region,
our plans to increase our sales channels in this region, our
expectations regarding the engagement of partner and reseller
channels, our beliefs regarding the continued service of our
officers and members of management, including Mr. Prakasam, our
beliefs about our achievements in offshore R&D, our
expectations regarding growth in emerging markets, 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 in these targeted geographic markets; (b) the ability
to develop products that meet the demands for those targeted
markets, and (c) risks relating to economic conditions and other
matters beyond our control. 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.
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