CDC Software Completes Acquisition of JRG
On-Demand Planning and Scheduling Applications are Highly Complementary Additions to the Company's Global Suite of Industry-Specific Enterprise Applications
February 7, 2006—CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA), today announced that it has completed the purchase of substantially all the business assets of JRG Software, Inc., a leader in on-demand supply chain planning solutions delivered as Software as a Service (SaaS).
The One Plan applications from JRG add complementary on-demand factory planning and scheduling to the CDC Software enterprise suite of industry-leading enterprise resource planning (ERP), customer relationship management (CRM) and supply chain management applications. CDC Software's products include Ross Systems' ERP and SCM, Pivotal's CRM and IMI's warehouse management and order management solutions.
"The addition of One Plan to our current offering of on-demand applications will enable us to quickly expand into new market segments and geographies," said Rick Marquardt, president of CDC Software. "We are committed to industry leadership in both the hosted model of software services, particularly in hyper-growth developing markets, and enterprise software via traditional licenses where it is best suited to a particular customer or industry."
JRG's One Plan is an on-demand solution for factory planning and scheduling that combines a highly interactive graphical planning environment with integrated business intelligence to enable the real-time creation, sharing and monitoring of production plans across a manufacturing organization.
Added Mr. Marquardt, "With direct alignment in our focus on the food and consumer products industries, and the complementary nature of the solutions, we're moving fast to assimilate the One Plan applications, and JRG customers into our company. The JRG customers are already live on our Web-based customer management and support system, which of course, is an application of Pivotal CRM. We've also begun cross-selling our enterprise applications to the JRG customers and One Plan on-demand scheduling applications to our global base of CDC Software customers. In addition, we're expanding our marketing and sales programs to sell the One Plan applications across the process manufacturing industries including pharmaceuticals and chemicals. The One Plan applications have proven to be very effective in food and consumer products, and through the global reach of CDC Software, we'll build on that success to quickly take the lead in on-demand scheduling for process manufacturing overall."
"We are very pleased by the continuing commitments to customer success and product evolution from CDC Software," said Dr. George Roumeliotis, former CEO of JRG. "CDC Software's customer-driven approach to support, service and product advancement will be highly beneficial to Ghirardelli Chocolate, Carvel Ice Cream, Wise Snacks, See's Candies and all our customers from JRG."
Steven Chan, acting CEO of CDC Corporation, said, "Our rapid completion of the JRG acquisition and its assimilation into CDC Software is just one example of the value we will create as we execute on our strategy of growth through organic expansion and targeted acquisitions. Now, more than ever, we are committed to leveraging our strong balance sheet of US$212 million in net cash to acquire synergistic companies and products, and strengthen our position as a global leader in the enterprise software markets."
About CDC Corporation
CDC Corporation (NASDAQ: CHINA) is focused on enterprise software, mobile applications and online games. As part of its strategic review the company has reorganized into two primary operating business units, CDC Software and China.com Inc. For more information about CDC Corporation, please visit the website www.cdccorporation.net.
About CDC Software
CDC Software, the software unit of CDC Corporation, offers a broad range of software solutions for mid-sized enterprises. These products are utilized by approximately 3,500 customers worldwide. For more information about CDC Corporation, please visit the website www.cdcsoftware.com.
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 the ability of Pivotal to address the needs of its legal customers specifically Field Fisher Waterhouse, and the ability of Field Fisher Waterhouse to automate key marketing processes, manage its client base, streamline operations and decision making, integrate existing systems, accelerate growth, generate business statistics and key financial information and improve client relationships with Pivotal CRM software. 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, but not limited to, such factors as: the conditions of the legal industry; the continued ability of Pivotal solutions to address industry-specific requirements of legal business services; and demand for and market acceptance of new and existing enterprise software and services in the legal product business development of new functionalities which would allow legal companies to compete more effectively and changes in the type of information required to compete in the legal product business. Further information on risks or other factors that could cause results to differ are detailed in filings or submissions with the United States Securities and Exchange Commission made by our parent, CDC Corporation, including its Annual Report for the year ended December 31, 2004 on Form 20-F filed on June 30, 2005 (and amended on October 11, 2005). 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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