Cdc Corp. (MM) (NASDAQ:CHINA)
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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.