KDnuggets : News : 2008 : n07 : item32 < PREVIOUS | NEXT >

Briefs

CDC Software Fuels Expansion in China with Investment in One of China's Leading Providers of Business Intelligence Solutions

07 Apr 2008, ATLANTA & BEIJING - (Business Wire) CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, today announced it recently signed a binding term sheet to acquire a 22 percent stake in Tenly Software, one of China�s leading providers of business intelligence solutions. This investment is the latest move in CDC Software�s aggressive expansion in the world�s largest manufacturing market. The parties expect to complete the investment by May 2008.

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The two companies also intend to form a joint venture in which CDC Software is expected to provide implementation services and support for Tenly customers and Tenly is expected to sell CDC Software solutions to its customer base. The parties intend that CDC Software will hold a 60 percent interest, and Tenly, a 40 percent stake in this joint venture.

Tenly Software�s main product line is the Markway Analysis System which offers an analytics platform combining statistical analysis, data mining and graphic tools. Markway Analysis System is certified by the Chinese Statistics Association as the national standard of statistical analysis and data mining platform. It is adopted by China�s National Bureau of Statistics as the official analytics tool and recommended for use nationwide. It is also used by the Chinese Ministry of Education as the designated software for national testing and NIT certification examinations. The system has also been adopted by the National Evaluation Center of Information Technologies as the designated software for data analysis in the Fortune 500 companies of China.

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KDnuggets : News : 2008 : n07 : item32 < PREVIOUS | NEXT >

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