CDC Software Adds Two Latin American Companies to Franchise Partner Program as It...
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CDC Software Adds Two Latin American Companies to Franchise Partner Program as It Expands in Rapidly Growing Emerging Markets
Franchise Partners in Chile and Brazil Expand the Program to Seven
Partners
ATLANTA & HONG KONG--(Business Wire)--
CDC Software, a wholly-owned subsidiary of CDC Corporation
(NASDAQ: CHINA) and a provider of industry-specific enterprise
software applications and business services, announced today that it
has added two new partners from Chile and Brazil to its growing and
diversified Franchise Partner Program, that now totals seven
companies.
The CDC Software Franchise Partner Program funds CDC Software's
investments, through majority control or minority stakes, in strategic
partners located in high growth geographies that include Latin
America, India, China, the Middle East and Eastern Europe. CDC
Software's investment in these companies helps facilitate the
expansion of its global distribution footprint, and helps franchise
partners grow their businesses.
The two new franchise partners are Ross Enterprise SA in Chile and
CDC Software de Brazil, which represent the latest in the company's
expansion into the Latin American market. CDC Software's other
franchise partners have operations in China, India, Argentina,
Ecuador, Venezuela, Colombia, Mexico, Europe and Australia.
In recent months, CDC Software announced a new franchise partner
in China, Integrated Solutions Limited (ISL), a leading developer of
enterprise solutions for discrete manufacturers in China. CDC
Software's Franchise Partners also have closed on new sales for Ross
Enterprise and Pivotal CRM in the second quarter of 2008 that include:
Bharti AXA Investment Managers Private Ltd., an India-based asset
management company; CorpBanca, one of the leading banks in Chile;
Alimentos de la Granja, a Mexico-based producer of egg products;
Natividad Abogados, S.C. Asesores de Empresas, one of Mexico's most
prestigious law firms; and several new Platinum HRM deals through the
ISL partnership.
"Based on my experience, the Franchise Partner Program has been a
very effective channel program," said Oscar Martinez, CEO of
Desarrollo de Recursos Estrategicos S.A de C.V (DRE), the Franchise
Partner in Mexico. "It's a win-win relationship where DRE helps CDC
Software expand in a new market while the company provides us the
resources we need to grow and prosper."
"The Franchise Partner Program has benefited ISL in multiple ways
such as having access to CDC Software's portfolio of innovative and
award-winning products, such as Platinum HRM and Ross Enterprise,
which complement our product line, as well as the opportunity to
leverage their global distribution network to resell our own
products," said Hilton Law, CEO of Integrated Solutions Limited.
"The Franchise Partner Program has become a key sales channel for
our solutions globally and it is highly differentiated relative to the
overall software industry," said Bruce Cameron, executive vice
president of Worldwide Sales and Marketing for CDC Software. "It is a
low-cost investment that bolsters our international distribution
strategy, especially in emerging markets. We are looking at other
opportunities to expand the Franchise Partner Program including
Eastern Europe, as well as Russia and other high growth emerging
markets."
About the CDC Software Franchise Partner Program
The CDC Software Franchise Partner Program, established in April,
2006 funds CDC Software's investments, through majority control or
minority stakes, in strategic partners located in high growth
geographies that include Latin America, India, China, the Middle East
and Eastern Europe. CDC Software's investments in these companies
facilitate expansion of their global distribution footprint, as well
as help partners grow their business. Franchise Partner investments
are targeted toward companies in high-growth geographies and so far
the program has invested in seven partners located in Latin America,
India, China and Europe.
About CDC Software
CDC Software, The Customer-Driven Company(TM), 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), e-M-POWER (discrete
manufacturing), CDC Supply Chain (supply chain management ,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,
health care, 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 the ability of our franchise partners to help facilitate the
expansion of our distribution network in emerging and high-growth
markets, our ability to enter agreements with new franchise partners
in Russia, Eastern Europe and other markets in the future, our ability
to finalize our agreement with Tenly Software, our ability to
consummate the investment in and with franchise partners and the
effects thereof, expected growth, the ability to realize continued
successes with marketing and selling CDC Software products in high
growth markets like China, India, Latin America and Eastern Europe and
other targeted geographies for the franchise partner program, the
ability to attain future expansion and enter into new markets
globally, the ability of our franchise partners to market and sell CDC
Software solutions to their markets, the ability of franchise partners
to expand our footprint in these high growth markets, our ability to
leverage vertical industry specialization to gain competitive
advantages, our ability to find, and take advantage of, significant
opportunities in these franchise partner program markets, the
existence and success of synergies between the franchise partners and
CDC Software, our ability to successfully complete the investment
franchise partner, our beliefs regarding the success of our
acquisitions and Franchise Partner Program, our continued improvement
in customer satisfaction levels, 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 complete definitive agreements regarding
the investment and joint venture between CDC Software; (b) the ability
to realize strategic objectives by taking advantage of market
opportunities in targeted geographic markets; (c) 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; (d) the effects of restructurings
and rationalization of operations; (e) the ability to address
technological changes and developments including the development and
enhancement of products; (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 continued ability of the company's enterprise software solutions
to address client-specific requirements; (i) and demand for and market
acceptance of new and existing enterprise software and services and
the positioning of the company's solutions; (j) the ability to market
and sell CDC Software products globally. 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 July 2, 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.
CDC Corporation
Investor Relations:
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Media Relations:
Lorretta Gasper, 678-259-8631
lgasper@cdcsoftware.com
Copyright Business Wire 2008
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