CDC Software acquires major ERP company in China

CDC Software acquires major ERP company in China

By CRM Management Editors | Sep 30, 2009
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CDC Software Corporation, a provider of enterprise software applications and services, has executed a term sheet to acquire up to a 51% stake, in three tranches prior to March 31, 2012, in Beijing-based Hejia Software Technology Co. Ltd, a major ERP software provider in the Chinese enterprise market.

Hejia Software Technology  has offices in Shanghai, Guangzhou, Changzhou, and other places throughout China.  The company's main product, HJSOFT, is a web-based solution featuring functionality in supply chain management, ERP, quality assurance, financial management, and customer relationship management.

If the acquisition is completed, Hejia Software Technology will be the latest addition to CDC Software's successful Franchise Partner Program and the second franchise partner in China following last year's previously announced acquisition of a majority stake in Integrated Solutions Ltd. (ISL), a provider of ERP solutions for small and medium-sized discrete manufacturers.  Formed in 2006, CDC Software's Franchise Partner Program helps CDC Software establish strategic relationships with partners in selected geographies, with a focus on emerging markets, through majority control, as well as minority investments.  CDC Software currently has seven other franchise partners located in India, China, South America, Spain and Mexico.

The acquisition of Hejia Software Technology is part of CDC Software's strategic plans to expand its geographic footprint and increase sales by accessing rapidly growing economies.  As part of that strategy, CDC Software expects to continue to pursue other strategic investments in China.

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CRM Management Editors

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