HONG KONG, ATLANTA, 16 June, 2008 –CDC Software, Praxa's parent company and a wholly owned subsidiary of CDC Corporation and a provider of enterprise software applications and consulting services, today announced that it has signed a definitive agreement to acquire Dynamic Business Consultants (DBC), a leading and award winning software systems integrator based in Melbourne, Australia.
As part of the acquisition, DBC will market and sell CDC Software’s Process Manufacturing solutions that include CDC Factory and Ross Enterprise. The acquisition of DBC will not only expand CDC Software’s market presence in Australia, but will also expand the solutions and services footprint for CDC Software’s Australia-based Praxa services business in this rapidly growing region. CDC Software believes that DBC’s offerings complement its process manufacturing focus and also broaden the company’s solution and services offerings in vertical industries such as in the discrete manufacturing, construction, and services industries.
“DBC represents a highly-selective, accretive acquisition that we expect will contribute to CDC Software’s growth strategy,” said Peter Yip, chairman of CDC Software. “With our recent multi-million dollar sale of IT services, products and support to a major sports company in Australia, this acquisition helps to further position us for growth and success in this potentially lucrative market.”
“We believe that DBC strategically complements and enhances our Praxa services business, and will help enable us to expand our CDC Factory and Ross Enterprise solutions throughout Australia, further accelerating our momentum in the region,” said Frank Hung, managing director, Australia, CDC Software. “This acquisition should also greatly benefit our current customer base in Australia by providing additional services and industry expertise, and positions us for expansion throughout the region.”
Founded in 1994, DBC is one of the longest-standing Microsoft partners in Australia with offices in Melbourne and Adelaide. A 2007 Microsoft Dynamics GP Partner of The Year, DBC is a specialist in Enterprise Resource System and Manufacturing Resource Planning. The company provides IT solutions and services to more than 90 clients in financial services, distribution, manufacturing, non-profit organizations, professional services and construction.
“DBC is very excited to join the CDC Software family,” said Terry Bolden, managing director of DBC. “This integration will give us an opportunity to service new customers with our in-depth and award-winning expertise in ERP for Praxa. It also helps enable us to expand our position by getting the most out of Praxa’s broad technical capabilities in servicing our existing customers, bringing in our complementary technologies together and offering Australian customers a one stop shop with an end-to-end business solution. We are also looking forward to opening up new opportunities for the CDC Software’s Process Manufacturing solutions in Australia.”