CDC Global Services Agrees to Acquire Business Intelligence Consulting Company Serving the Healthcare Market

* Reuters is not responsible for the content in this press release.

Mon Aug 17, 2009 7:30am EDT

Planned Acquisition Is Latest Strategic Initiative to Scale Operations of CDC
Global Services
ATLANTA & HONG KONG--(Business Wire)--
CDC Global Services, a wholly-owned subsidiary of CDC Corporation (NASDAQ:
CHINA) and a provider of IT and IT-enabled services and consulting, signed a
binding term sheet to acquire an IT services provider primarily focused on
business intelligence solutions for the healthcare market. 

Based in the greater New York area, the potential acquisition is a privately
held provider of onsite consulting solutions, end-to-end strategy consulting,
outsourced development and system integration to a wide range of clients. It
specializes in the healthcare market with service offerings in business
intelligence solutions, data warehousing and custom application development
among its other services. 

In the event the acquisition is completed, this company`s solutions and services
will be offered with CDC Global Services` full services portfolio that include
IT consulting services, project management, managed help desk solutions and a
full range of business process outsourcing offerings. 

"We are excited to announce plans to acquire this company which is part of our
overall strategy to scale through strategic initiatives such as acquisitions,"
said Rajan Vaz, managing director of CDC Global Services. "Their solution and
services offerings, particularly their expertise in healthcare, complement CDC
Global Services` services portfolio, as well as our target markets while giving
us greater scalability in our operations." 

About CDC Global Services

CDC Global Services provides IT consulting services, including platform-specific
services for Microsoft and SAP, as well as project management, staff
augmentation, managed-help desk solutions and a full range of business process
outsourcing offerings. It can also provide hardware for data collection and
RFID, through partnerships with some of the industry's most reputable vendors.
CDC Global Services embraces a customer-first approach being able to draw upon a
wide range of expert resources to address each customer's unique business needs,
while keeping their best interest as a top priority. CDC Global Services
customers benefit from streamlined vendor management and the ability to control
project costs, while being able to access the right IT resources through a
singular point of contact. For more information, please visit
www.cdcglobalservices.com. 

About CDC Corporation

The CDC family of companies includes CDC Software focused on enterprise software
applications and services, CDC Global Services focused on IT consulting
services, outsourced application development and IT staffing, 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, including
statements relating to our beliefs about CDC Global Services, our beliefs
regarding our ability to negotiate definitive transaction documents and our
ability to complete the acquisition, the potential acquisition`s, effects and
expected benefits thereof, our beliefs regarding the benefits of the potential
acquisition`s solutions to customers, our beliefs regarding ourability to
integrate and leverage the solutions to be acquired through our proposed
acquisition, our expectations regarding the resumption of an acquisition
business strategy, our expectations regarding our ability to attain future
expansion and success with customers of CDC Global Services and the potential
acquisition, our beliefs regarding the timing and availability for any products
developed, our beliefs regarding our ability to integrate the potential
acquisition`s technology with ours, and the belief regarding the existence and
success of synergies between the potential acquisition and CDC Global Services.
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
conditions of the enterprise market, the completion of the potential acquisition
on favorable terms, if at all, and the ability of CDC Global Services and/or the
potential acquisition`s products to address the business requirements of the
market, demand for and market acceptance of CDC Global Services and/or the
potential acquisition`s technology, and the ability of CDC Global Services to
successfully integrate the potential acquisition`s technology. 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 on Form 20-F
for the year ended December 31, 2008 filed with the Securities and Exchange
Commission on June 30, 2009. 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
Monish Bahl, 678-259-8510
mbahl@cdcsoftware.com
or
Lorretta Gasper, 678-259-8632
lgasper@cdcsoftware.com



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.