CDC Software Provides Update on Recent Sales Wins
11 June 2008 - 9:30PM
Business Wire
CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ:
CHINA) and a provider of industry-specific enterprise software and
services, today announced that it has recently entered into three
multi-million dollar sales contracts with leading global
enterprises. The company has recently seen some encouraging
business activity during this economic downturn, which has
generally negatively impacted the overall enterprise software
industry. Over the last few weeks, the company has signed three
multi-million dollar contracts with leading organizations for
different solutions in their particular industries. CDC Software
was recently awarded a contract in excess of one million U.S.
dollars for its CDC Factory manufacturing operations management
solution with a global manufacturer. The company believes that it
was awarded this contract because of CDC Factory�s ability to help
reduce costs, increase operational efficiency and capacity. In
addition, CDC Software has just recently signed a multi-million
U.S. dollar and multi-year contract to provide information
technology services, products and support to a major sports entity
based in Australia. Specifically, this entity awarded CDC Software
a national implementation contract that bundles CDC Software
services, with CDC MarketFirst campaign and marketing management
solution, as well as c360�s CRM solution. CDC Software believes
that this sale reflects the merits of the company�s strategy in
delivering end-to-end business solutions and its strong
cross-selling capabilities. �The transaction with a major sports
entity in Australia is significant on several fronts,� said Peter
Yip, chairman of CDC Software. �First, we believe it confirms and
endorses our solutions� capabilities in the marketplace. The
organization was looking for a professional services partner who
could deliver end-to-end, best of breed solutions like CDC
MarketFirst and c360. We believe that our ability to bring together
all of our strong core expertise in systems integration and CRM and
marry it with our own family of CDC marketing solutions,
demonstrates great synergy and team work and validates our highly
differentiated business model.� The third, recent significant
transaction is with a consumer-based organization located in
Estonia, which operates retail, as well as three hyper-markets in
the region. The customer has purchased CDC Supply Chain software,
services as well as hardware, with a value exceeding one million
U.S. dollars. �We are very pleased to add another significant CDC
Supply Chain customer,� said Yip, �This customer was looking for a
fully-integrated suite for ordering and warehouse processing to
provide visibility for its central warehouse, two distribution
centers, as well as 400 stores. We are very proud, as this is our
fifth new customer for CDC Supply Chain this year.� �Despite the
downturn that has been impacting the broad economy, we are still
seeing several relatively large opportunities for CDC Software,�
added Yip, CEO of CDC Corporation. �We are very pleased to have
recently closed three such deals so far in the second quarter of
2008.� About CDC Software CDC Software, The Customer-Driven
Company�, is a provider of enterprise software applications
designed to help organizations deliver a superior customer
experience while increasing efficiencies and profitability. CDC
Software's product suite includes: CDC Factory (manufacturing
operations management), Ross ERP (enterprise resource planning) and
SCM (supply chain management), CDC Supply Chain (supply chain
management, warehouse management and order management), Pivotal CRM
and Saratoga CRM (customer relationship management), CDC
MarketFirst (marketing automation and lead management), Respond
(customer complaint and feedback management), c360 CRM add-on
products, industry solutions and development tools for the
Microsoft Dynamics CRM platform, Platinum HRM (human resources) and
business analytics solutions. These industry-specific solutions are
used by more than 6,000 customers worldwide within the
manufacturing, financial services, health care, home building, real
estate, and wholesale and retail distribution industries. The
company completes its offerings with a full continuum of services
that span the life cycle of technology and software applications,
including implementation, project consulting, outsourced business
services, application management and offshore development. CDC
Software is the enterprise software unit of CDC Corporation
(NASDAQ: CHINA) and is ranked number 12 on the MBT 2007 Global 100
List of Enterprise and Supply Chain Management Application vendors.
For more information, please visit www.cdcsoftware.com. About CDC
Corporation The CDC family of companies includes CDC Software
focused on enterprise software applications and services, CDC Games
focused on online games, and China.com 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, and
includes statements relating to our beliefs regarding the
functionality and benefits of using CDC Factory and other of our
products, our beliefs regarding the merits of our product,
marketing and selling strategies, our beliefs regarding our
solutions� capabilities in the marketplace and our ability to bring
together expertise in systems integration, CRM, marketing
solutions, our beliefs regarding the synergies we may create and
our business model, and other statements we may make, 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 Pivotal CRM solutions to
address requirements of non-profit organizations; demand for and
market acceptance of new and existing CRM solutions; development of
new functionalities which would allow organizations to compete more
effectively and changes in the type of information required to
compete in their respective industries. Further information on
risks or other factors that could cause results to differ is
detailed in filings or submissions with the United States
Securities and Exchange Commission made by CDC Corporation in its
Annual Report for the year ended December 31, 2006 on Form 20-F
filed on July 2, 2007. 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.
Cdc Corp. (MM) (NASDAQ:CHINA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cdc Corp. (MM) (NASDAQ:CHINA)
Historical Stock Chart
From Jul 2023 to Jul 2024