CDC Expects Double Digit Growth in Enterprise Applications
According to the most recent news release on the CDC Software Corporation website, the company claims it expects to see double digit growth in second quarter 2010 application sales. The
company has made this forecast based on the inclusion of license revenue plus contract value for Software-as-a-Service (SaaS) sales.
“Since late last year, CDC Software has been executing a three prong SaaS strategy that includes acquisitions of SaaS companies, its Strategic Cloud Investment Program (SCIPP) and the future launch of its internally developed SaaS solutions. Since the end of 2009, CDC Software has acquired four new SaaS companies, all of which are earnings accretive, and plans more acquisitions by the end of the year. Under SCIPP, CDC Software plans to make minority investments in, and form strategic reselling partnerships with, companies offering cloud-based or point solutions which complement its enterprise solutions portfolio. Since SCIPP's inception in the second quarter of 2010, CDC Software has invested in e-BizNET, a provider of SaaS supply chain execution solutions, and Marketbright, a provider of SaaS marketing automation solutions. CDC Software announced last week that its CDC Respond complaint management solution will be its first cloud application developed on the Windows Azure platform.”
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