CDC Software Expanding Its Reach in China
ERP software heavyweight CDC announced yesterday in Shanghai that it plans to acquire a controlling share in the Hejia Software Technology Co. Ltd. The Beijing-based Hejia is a major ERP software provider in China, and after the customary closing conditions and the completion of due diligence, CDC Software will have a second Chinese partner in its Franchise Partner Program. The program began in 2006, and aims to establish strategic relationships with partners in selected regions (usually emerging markets), through majority control and minority investments; the first Chinese partner was Integrated Solutions Ltd.
Hejia was founded in 1998 and is a major player in the Chinese enterprise market. Their most popular product is HJSOFT, a web-based platform with functionality in ERP, CRM, supply chain management, and financial management. Their products are used by over 400 customers in industries spanning from Healthcare to Industrial. Pending a successful acquisition, Hejia will resell CDC products and leverage the company’s infrastructure to amplify its own sales. CDC executives have been looking to emerging economies for industry growth, and while the Hejia acquisition represents a significant foothold in China, CDC will pursue other investments there.
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