HONG KONG, ATLANTA— 11 June, 2008 — CDC Software, a parent company of Praxa Ltd and wholly-owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software and services, today announced that it has recently entered into three multi-million dollar sales contracts with leading global enterprises.
The company has recently seen some encouraging business activity during this economic downturn, which has generally negatively impacted the overall enterprise software industry. Over the last few weeks, the company has signed three multi-million dollar contracts with leading organizations for different solutions in their particular industries.
CDC Software was recently awarded a contract in excess of one million U.S. dollars for its CDC Factory manufacturing operations management solution with a global manufacturer. The company believes that it was awarded this contract because of CDC Factory’s ability to help reduce costs, increase operational efficiency and capacity.
In addition, CDC Software has just recently signed a multi-million U.S. dollar and multi-year contract to provide information technology services, products and support to a major sports entity based in Australia. Specifically, this entity awarded CDC Software a national implementation contract that bundles CDC Software services, with CDC MarketFirst campaign and marketing management solution, as well as c360’s CRM solution. CDC Software believes that this sale reflects the merits of the company’s strategy in delivering end-to-end business solutions and its strong cross-selling capabilities.
“The transaction with a major sports entity in Australia is significant on several fronts,” said Peter Yip, chairman of CDC Software. “First, we believe it confirms and endorses our solutions’ capabilities in the marketplace. The organization was looking for a professional services partner who could deliver end-to-end, best of breed solutions like CDC MarketFirst and c360. We believe that our ability to bring together all of our strong core expertise in systems integration and CRM and marry it with our own family of CDC marketing solutions, demonstrates great synergy and team work and validates our highly differentiated business model.”
The third, recent significant transaction is with a consumer-based organization located in Estonia, which operates retail, as well as three hyper-markets in the region. The customer has purchased CDC Supply Chain software, services as well as hardware, with a value exceeding one million U.S. dollars.
“We are very pleased to add another significant CDC Supply Chain customer,” said Yip, “This customer was looking for a fully-integrated suite for ordering and warehouse processing to provide visibility for its central warehouse, two distribution centers, as well as 400 stores. We are very proud, as this is our fifth new customer for CDC Supply Chain this year.”
“Despite the downturn that has been impacting the broad economy, we are still seeing several relatively large opportunities for CDC Software,” added Yip, CEO of CDC Corporation. “We are very pleased to have recently closed three such deals so far in the second quarter of 2008.”