CDC Software and OnAsset Intelligence Partner to Bring Real-Time Freight Intelligence to the Cloud
December 21 2010 - 7:00AM
Business Wire
CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise
software provider of on-premise and cloud deployments, and OnAsset
Intelligence Inc., a leading provider of machine-to-machine (M2M)
wireless asset tracking, sensing, and control solutions, announced
today an original equipment manufacturer (OEM) partnership where
OnAsset will utilize CDC Supply Chain technology to more easily
mash-up real-time wireless monitoring and sensor data with data
from enterprise systems to create greater visibility, security and
business intelligence during the movement and transportation of
high-value freight.
As part of the OEM partnership, CDC Supply Chain technology will
be integrated with OnAsset’s Vision Platform™ to enable customers
with rapid development of new business processes that leverage data
from remote wireless SENTRY™ devices and other enterprise systems.
The Vision Platform together with SENTRY devices provides a managed
service for real-time visibility of high-value freight during all
modes of transportation including land, sea, and air travel. This
application leverages business intelligence information from
enterprise systems to help companies optimize their view of the
supply chain, associate important information to mobile goods and
assets, and achieve greater security during distribution.
“Real-time asset management is a natural extension of running a
smooth supply chain,” said Bruce Cameron, president of CDC
Software. “We believe the combination of CDC’s technology with
OnAsset’s products offer companies worldwide a compelling solution
on the cloud to mitigate the risks that occur during distribution
between the warehouse and the final destination of products, as
well as in-air visibility, which is truly a differentiator in the
market.”
“Our managed service platform helps customers extend their
global positioning system (GPS) and real-time freight security
programs to further optimize their view of the supply chain by
integrating new data feeds that incorporate specific business
information unique to client operations,” says Adam Crossno,
president and CEO of OnAsset. “Working with CDC provides our
customers with interoperability to a broad supply chain application
platform.”
Trends indicate that more and more enterprises are using
technology to improve risk management operations and to secure
logistics as global security concerns increase over cargo in
transit. Real-time freight and package tracking enables companies
to provide quality assurance of conditions throughout the
transportation process including package integrity, chain of
custody, and faster time to react when cargo is compromised or is
in a possible theft scenario. The active markets in real-time
freight monitoring and tracking include high-value pharmaceuticals
and life sciences, consumer electronics and computing equipment,
consumer packaged goods (CPG), and general high value like
manufacturing parts and heavy equipment.
About OnAsset
OnAsset Intelligence Inc. is a leading provider of wireless
devices and software solutions focused on helping customers
wirelessly locate, track, connect, and manage fixed and mobile
assets in real-time. The company’s M2M products and services
include SENTRY™ wireless hardware with its flagship product line
FlightSafe™ for air cargo tracking and ContainerSafe™ for shipping
container security, its web-based OnAsset Platform™, and global
wireless connectivity services. The company is headquartered in
Irving, Texas. For additional information, please visit
http://www.onasset.com/.
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), global trade 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 “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 10,000 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 the new
versions of CDC Supply Chain and Supplier Collaboration and our
other products, our beliefs regarding the benefits and utility of
these products, our beliefs regarding the potential effects and
benefits for users of our products, including reducing costs in
receiving, procurement and administration of, 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 continued ability of CDC Supply Chain solutions
to address supply chain requirements; demand for and market
acceptance of new and existing solutions; development of new
functionalities which would allow companies to compete more
effectively and changes in the type of information required to
compete in the companies' respective industries. 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.
Cdc Software Corp. ADS, Each Representing One Class A Ordinary Share (MM) (NASDAQ:CDCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cdc Software Corp. ADS, Each Representing One Class A Ordinary Share (MM) (NASDAQ:CDCS)
Historical Stock Chart
From Jul 2023 to Jul 2024