Key Developments: CDC Software Corporation (CDCS.O)
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Latest Key Developments
CDC Software Corporation Signs Term Sheets To Acquire Two More SaaS Enterprise Solution Businesses
CDC Software Corporation announced that it has signed binding term sheets to acquire two additional software as a service (SaaS) enterprise solution businesses as part of its previously announced strategy to expand its offering in the growing on-demand software market. Terms of the transaction were not disclosed.
CDC Software Corporation Completes Acquisition Of PeoplePoint Software Pty Ltd
CDC Software Corporation announced that it has completed the acquisition of PeoplePoint Software Pty Ltd, a Australian-based provider of software solutions and services for the Aged Care Residential, Clinical and Community Services management market.
CDC Software Corporation Signs Term Sheet To Acquire A Provider Of Supply Chain And Demand Planning Solutions
CDC Software Corporation announced it has signed a term sheet to acquire a provider of supply chain management solutions. This acquisition is expected to generate new cross-selling opportunities with CDC Software`s CDC Supply Chain, Truition and Activplant solutions, where the product lines share similar Tier 1 vertical markets that include high tech and automotive customers. This targeted acquisition also offers a supply chain planning solution tailored specifically for the small to medium-size enterprise market that we believe can be sold with Ross Enterprise. Terms were not disclosed.
CDC Software Corporation Withdraws Offer To Acquire Chordiant Software, Inc.; Sells Entire Holdings of Chordiant Software, Inc
CDC Software Corporation announced that it has withdrawn its offer to acquire Chordiant Software, Inc. and has sold its entire holdings in Chordiant Software, Inc., representing approximately 1.3% of Chordiant Software, Inc.'s 30.4 million shares outstanding.
CDC Software Corporation To Acquire Up To 51% Stake In VITOVA Ltd.
CDC Software Corporation announced that it has executed a term sheet to acquire up to a 51% stake in Hong Kong-based VITOVA Ltd., a enterprise content management (ECM) provider in China. As part of the transaction, CDC Software also has a right of first refusal to acquire UNIS VITOVA, the company`s Beijing-based affiliate and a provider of records archive management software. In the event the acquisition is completed, CDC Software intends to resell VITOVA solutions under the brand CDC DMS. Terms were not disclosed.
CDC Software Corporation Intends To Sell Holdings In Chordiant Software, Inc.
CDC Software Corporation announced that it intends to sell its holdings in Chordiant, which totaled 392,762 shares of Chordiant, or approximately 1.3% of Chordiant's 30.4 million shares outstanding, as of January 5, 2010. As a Chordiant shareholder, CDC Software does not believe that Chordiant has acted in the best interests of its shareholders in evaluating its offer.
Chordiant Software, Inc. Responds To Non-Binding Unsolicited Proposal From CDC Software Corporation
Chordiant Software, Inc. announced that it has determined that the unsolicited, nonbinding proposal made by CDC Software Corporation to acquire all of the outstanding shares of Chordiant for cash and CDC stock equivalent to $3.46 per share significantly undervalues Chordiant and is not in the best interests of Chordiant's shareholders.
CDC Software Corporation Raises FY 2009 Earnings Guidance
CDC Software Corporation revised upward its fiscal 2009 GAAP net income guidance to be in the range of $20.5-$21.5 million, a more than a 25% increase from its previously issued original guidance in August 2009 after the Company's initial public offering in that month. CDC Software's latest guidance estimates also represent a 15% increase from its previously issued and revised guidance provided in November 2009 of $17.2-$19.3 million. CDC Software also increased its adjusted EBITDA estimate for the second time and is now expecting to report $53.2-$54.5 million in adjusted EBITDA in fiscal 2009, a 10% increase from its guidance in August. The Company also expects that non-GAAP earnings per share for fiscal 2009 is expected to be in the range of $1.25-$1.27 per share, which exceeds First Call consensus estimates. This latest guidance revision follows CDC Software's recent announcement of a projected 37% growth in fourth quarter 2009 license revenues including a 30% improvement in organic license revenues. According to Reuters Estimates, analysts were expecting the Company to report EBITDA of $48 million and EPS of $1.17 fiscal 2009.
CDC Software Corporation Proposes $105.1 Million Offer To Buy All Outstanding Shares Of Chordiant Software
CDC Software Corporation announced that it has delivered a proposal to Chordiant Software, Inc. to acquire all the outstanding shares of Chordiant, a provider of customer experience software and services, in a cash and stock transaction valued at $105.1 million, or $3.46 per share, based on a 21% premium over the average closing price for Chordiant shares on NASDAQ over the 30 trading days immediately prior to and including January 5, 2010. The transaction provides two options for the payment of consideration. The first option calls for consideration to be comprised of 40% cash and the remaining 60% in a combination of registered shares of both CDC Software Corporation (class A ordinary) and CDC Corporation (class A common). The second option calls for 50% cash and 50% in registered CDC Software Corporation shares (class A ordinary). CDC Software Corporation expects this offer will be structured in a tax-efficient manner to help optimize the benefits to the shareholders of Chordiant. Additionally, Chordiant shareholders can choose either or both of these two options for the payment of consideration, in any combination, in 1,000 share increments. As of January 5, 2010, CDC Software Corporation holds 392,762 shares of Chordiant, or approximately 1.3% of Chordiant`s 30.4 million shares outstanding.
CDC Software Corporation Announces Implementation of CDC Factory At B&G Foods
CDC Software Corporation announced that B&G Foods is initially implementing CDC Factory at its plant in Hurlock, MD, as part of its plan to streamline efficiencies, reduce costs and improve profitability.
Deals of the day -- mergers and acquisitions
Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Thursday.
Earnings vs. 
Estimates
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