CDC Software Completes Acquisition of Leading and Award-Winning Australian Systems Integrator
10 July 2008 - 9:30PM
Business Wire
CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ:
CHINA) and a provider of enterprise software applications and
consulting services, today announced that it has completed its
acquisition of Dynamic Business Consultants (DBC), a leading and
award-winning software systems integrator based in Melbourne,
Australia. DBC is expected to market and sell CDC Software�s
Process Manufacturing solutions that include CDC Factory and Ross
Enterprise. The acquisition of DBC is intended not only to expand
CDC Software�s market presence in Australia, but also to expand the
solutions and services footprint for CDC Software�s Australia-based
Praxa services business in this rapidly growing region. CDC
Software also believes that DBC�s offerings complement its process
manufacturing focus and also broaden the company�s solution and
services offerings in vertical industries such as in the discrete
manufacturing, construction, and services industries. Founded in
1994, DBC specializes in Enterprise Resource System and
Manufacturing Resource Planning, and currently provides IT
solutions and services to more than 90 clients in the financial
services, distribution, manufacturing, non-profit, professional
services and construction industries. �We are excited to add DBC�s
award-winning solutions and services to our global product and
services portfolio,� said Peter Yip, executive chairman of CDC
Software. �DBC�s solutions and services highly complement our
vertically-rich process manufacturing solutions and we look forward
to further expanding our market presence for our Ross Enterprise
and CDC Factory solutions there.� About Praxa Praxa, a consulting
division of CDC Software in Australia, provides professional
services to corporate and government market sectors. Praxa
specializes in providing mission critical applications and managed
services to enterprises. For more information, please visit:
www.praxa.com.au. About DBC DBC (Dynamics Business Consultants) was
formed in 1994 with the specific aim of providing first-class
solutions, focusing on the areas of financial management business
solutions, service management, manufacturing and eCommerce. Using
its expertise in manufacturing, finance and Microsoft products,
Dynamic Business Consultants professionally supply and support
Microsoft Great Plains eEnterprise and industry specific third
party products enabling customers to improve efficiency and
productivity through the use of their Enterprise Reporting System.
About Ross Enterprise Ross Enterprise is an innovative suite of
software solutions that help process manufacturers worldwide
fulfill their business growth objectives through increased
operational efficiencies, improved profitability, strengthened
customer relationships and streamlined regulatory compliance. Ross
Enterprise offers industry-specific functionality for a variety of
process industries including food and beverage, consumer products,
life sciences, chemicals, metals and natural products. The
comprehensive suite of solutions includes functionality in
enterprise resource management (ERP), supply chain management
(SCM), customer relationship management, real time performance
management, order management (OMS), warehouse management (WMS),
performance management and business analytics. For more
information, visit www.rossinc.com. About CDC Factory CDC Factory
is the first packaged manufacturing operations system for food and
consumer products manufacturers. By standardizing the best
practices of lean manufacturing, OEE (Overall Equipment
Effectiveness) and continuous improvement, CDC Factory provides a
real-time framework that integrates scheduling, operations, quality
and maintenance. The solution enables bottom-line profit
improvements within six months by exposing hidden opportunities for
performance improvement. CDC Factory eliminates reams of paperwork
and provides operators and supervisors with clear, real-time
insight into the performance of production lines. CDC Factory
empowers workers to improve production performance, increase
operational efficiencies and see how they actively contribute to
profitability. 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), IMI (warehouse management and order
management), Pivotal CRM and Saratoga CRM (customer relationship
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, healthcare,
home building, real estate, 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. These
forward-looking statements include statements regarding, among
other things, our beliefs regarding the expansion of solutions and
services offerings at Praxa, the products and services both Praxa
and DBC will market and sell, our beliefs regarding the competitive
position of Praxa and DBC and our goals and strategies, our beliefs
regarding the complementary nature of our businesses and the
acquisition, our beliefs regarding potential benefits and added
resources to our customer base, our ability to service new
customers and our ability to expand our market position and
opportunities, our beliefs regarding DBC�s business after the
acquisition, our beliefs regarding DBC�s contribution to our growth
strategy, our ability to expand CDC Factory and Ross Enterprise
throughout Australia, our beliefs regarding the benefits to our and
DBC�s current and future customer bases, our expected growth and
entry into new markets, and other matters related to the
acquisition of DBC, our beliefs regarding the success of our
acquisitions, our continued improvement in customer satisfaction
levels, the continued success and expected market acceptance of DBC
solutions, our continuation of our acquire, focus and grow
strategy, 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 targeted geographic markets; (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; (d)
the ability to address technological changes and developments
including the development and enhancement of products; (e) the
entry of new competitors and their technological advances; (f) the
need to develop, integrate and deploy enterprise software
applications to meet customer's requirements; the continued ability
of the company's enterprise software solutions to address
client-specific requirements; (g) and demand for and market
acceptance of new and existing enterprise software and services and
the positioning of the company's solutions. 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, 2007 on Form 20-F
filed on June 30, 2008. 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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