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CHINA - - Press ReleaseSource: chinadotcom corporation
CDC Software Further Expands Sales Territory of Business Software Solutions in The Asia Pacific Region
Friday April 11, 5:40 am ET
An Initiative to Further Strengthen Our Relationship with Leading Software Vendor Best Software
HONG KONG, April 11 /PRNewswire-FirstCall/ -- CDC Software, the software unit of chinadotcom corporation (Nasdaq: CHINA; Website: www.corp.china.com ), a leading integrated enterprise solutions company in Asia, today announced it has expanded the sales territory beyond its existing China and Hong Kong markets, by signing a new distribution agreement with Best Software, Inc, the manufacturer of the "Platinum for Windows" by Best (PFW) products including the BatchMasterPFW suite for Process Manufacturers.
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Under this agreement, CDC Software is authorized to sell the PFW and BatchMasterPFW suite of products in the territories of Singapore, Korea, Japan, Malaysia and Taiwan, in addition to China and Hong Kong. This agreement further strengthens the relationship between the two companies and it is expected to eventually bring additional new and recurring revenues through sales of software licenses, annual maintenance fees and related services.
In line with the previous agreement with Best Software announced in February this year, CDC Software is allowed to use the source code for certain purposes of the software products that it is representing for Best Software in these additional markets and CDC Software will own the IP (intellectual property) rights relating to the Customized Program Modules developed or prepared by it in the region.
Steve Collins, Managing Director of CDC Software, said, "While the initial contributions from this agreement to our results will be relatively small, this expanded relationship with Best Software is yet another positive step in CDC Software's long term software initiatives. This further co-operation is a significant move showing the confidence of our software vendor towards our capability of representing their products in the Asia Pacific region. The extended territory coverage is expected to eventually increase the sales volume of these software products that should result in a win-win situation for both parties."
The Asia Pacific region is a major market for our products and we are pleased to appoint CDC Software to represent our products and provide localization in these markets in addition to the Greater China region," said David van Toor, VP and General Manager of the Platinum for Windows Division of Best Software, Inc. "With CDC Software's track record in this region, particularly in Greater China, we are confident that our products will gain more traction in these markets."
CDC Software's affiliate has been a distributor of Best Software, Inc for its Platinum for Windows and BatchMasterPFW products since 1997, and was selected as the Best Software International Business Partner for 2002.
About CDC Software
CDC Software is the software unit of chinadotcom corporation (Nasdaq: CHINA - News), a leading integrated enterprise solutions company in Asia. CDC Software integrates a series of chinadotcom's self-developed products developed in the two software development centers in China, which include PowerBooks, PowerHRP (Human Resources and Payroll), PowerATS (Attendance Tracking System), Power-eHR, PowerPay+, PowerCRM and Power eDM (a double-byte e-mail marketing technology). In addition, the company also broadens its serving offerings in software arenas by establishing strategic partnerships with leading international software vendors to localize and resell their software products in the Greater China region.
chinadotcom's software arm currently has 600+ enterprise software customers in the Asia Pacific region with over 1,000 installations. Selected multinational and domestic customers include ACNeilsen, Carrefour, Inventec Micro Electronics Shanghai, Legend Computer, Microsoft (China) Co., Ltd., Polymatch (Shanghai) Co., Ltd., Shenzhen Airlines, Swire Beverages, Shangri La Hotels and Resorts and Starwood Hotels and Resorts.
For more information about chinadotcom corporation and CDC Software, please visit the Web site http://www.corp.china.com .
About Best Software
Best Software offers leading business management products and services that give 1.7 million small and mid-sized customers in North America the insight for success throughout the life of their business. Its parent company, The Sage Group plc (London: SGE.L), supports three million customers worldwide and has revenue of $815 million. For more than 25 years, Best Software has delivered easy-to-use, scalable and customizable applications through its portfolio of leading brands, including Abra, ACT!, CPASoftware, FAS, MAS 90, MIP, Peachtree and SalesLogix, among many others. For more information, please visit the Web site at www.bestsoftware.com or call (866) 308-BEST.