CDC Software Corporation says it has signed a term sheet to acquire a leading provider of on-demand software as a service (SaaS) supply chain management solutions. The acquisition by CDC Software is expected to grow the company's portfolio of SaaS solutions.
"These new supply chain management products complement the CDC Supply Chain product line and offer cross-sell opportunities for targeted CDC Software customers. This venture-funded company has more than 1,000 customers in 50 countries. The transaction is part of CDC Software's acquisition strategy to increase its maintenance and SaaS recurring revenue to about 70 percent of total revenue over the next few years."