CDC Software Adds Two Latin American Companies to Franchise Partner Program As It Expands In Rapidly Growing Emerging Markets
Franchise Partners in Chile and Brazil Expand the Program to Seven Partners
HONG KONG, ATLANTA (December 31, 2007) –
CDC Software, a wholly-owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that it has added two new partners from Chile and Brazil to its growing and diversified Franchise Partner Program, that now totals seven companies.
The CDC Software Franchise Partner Program funds CDC Software’s investments, through majority control or minority stakes, in strategic partners located in high growth geographies that include Latin America, India, China, the Middle East and Eastern Europe. CDC Software’s investment in these companies helps facilitate the expansion of its global distribution footprint, and helps franchise partners grow their businesses.
The two new franchise partners are Ross Enterprise SA in Chile and CDC Software de Brazil, which represent the latest in the company’s expansion into the Latin American market. CDC Software’s other franchise partners have operations in China, India, Argentina, Ecuador, Venezuela, Colombia, Mexico, Europe and Australia.
In recent months, CDC Software announced a new franchise partner in China, Integrated Solutions Limited (ISL), a leading developer of enterprise solutions for discrete manufacturers in China. CDC Software’s Franchise Partners also have closed on new sales for Ross Enterprise and Pivotal CRM in the second quarter of 2008 that include: Bharti AXA Investment Managers Private Ltd., an India-based asset management company; CorpBanca, one of the leading banks in Chile; Alimentos de la Granja, a Mexico-based producer of egg products; Natividad Abogados, S.C. Asesores de Empresas, one of Mexico’s most prestigious law firms; and several new Platinum HRM deals through the ISL partnership.
“Based on my experience, the Franchise Partner Program has been a very effective channel program,” said Oscar Martinez, CEO of Desarrollo de Recursos Estrat
