CDC Software Adds Six New Strategic Resellers as Part of Expansion Plans in India
May 25 2010 - 7:31AM
Business Wire
CDC Software Corporation (NASDAQ: CDCS), a global provider of
hybrid enterprise software applications and services, today
announced it added six resellers from India and surrounding
countries as part of its plans to expand sales significantly in
India.
The new resellers are expected to help CDC Software expand its
geographic footprint in India, Sri Lanka, Bhutan and Nepal. CDC
Software’s Pivotal CRM solutions are already used by some of the
leading brands in India including Bharti AXA, CIBIL, Max New York
Life Insurance, and TTK Services.
The new resellers for CDC Software’s solutions are:
- Datasisar will resell CDC
eCommerce in India;
- EZone International will resell
CDC Pivotal CRM and CDC Ross ERP in Bhutan and Nepal;
- Nector Consultancy Services will
resell CDC Ross ERP in India to the process manufacturing
markets;
- Providence Network and Solutions
will resell CDC Pivotal CRM in Sri Lanka;
- Sunbridge Software Services will
resell Ross ERP in India to its primary market in pharmaceutical
manufacturing; and
- UMG will resell CDC Ross ERP in
India to its primary market in government.
CDC Software is also in negotiations with Ranal Software to
establish a reseller relationship for CDC Factory, a manufacturing
operations management system, to the manufacturing markets
including automotive, in India.
As part of its Strategic Cloud Investment Partner Program
(SCIPP), CDC Software recently announced its investment in eBizNET,
a leading provider of software-as-a-service (SaaS) supply chain
execution solutions, and its strategic partnership where both
companies are expected to resell each other’s products. eBizNET and
its 7Hills consulting affiliate have a significant presence in
India already. Under SCIPP, CDC Software plans to make minority
investments in, and form strategic reselling partnerships with,
companies offering cloud-based or point solutions which complement
its enterprise solutions portfolio.
“We believe India holds dynamic growth opportunity for the
enterprise software market and we expect these new strategic
resellers and our partnership with eBizNET will make a significant
impact to our sales goals there in the next few years,” said
Nagaraja Prakasam, managing director for South and Southeast Asia,
CDC Software. “These new partners are expected to help open up new
markets for our products in India and surrounding countries. Given
our success with our Pivotal CRM products in India, we expect our
other products to have similar success as we believe they meet the
needs of this region. We also are interested in investing in
innovative cloud companies located in India or that have a strong
presence here, as we did with our SCIPP investment in eBizNET. With
our sales strategy, along with our formidable product engineering
operations in this country, we expect India will become a source
for significant revenue-generation in the years ahead.”
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, including statements relating to our plans for
expansion in India 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 Indian market and the potential
impact on our revenues in the future; our beliefs regarding the
potential benefit of our acquisition strategy in India; our
expectations regarding our continued expansion in the Indian region
and other countries, our beliefs about the competitive and market
position of CDC Software, the Indian market in general, our
penetration thereof, and growth opportunities in that area; our
beliefs regarding the Indian 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 and
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 India, 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 India; (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 that 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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