Software Firm Buying Companies, Selling Products In China
A Shanghai, China-based enterprise business software firm with North American headquarters in Atlanta is aggressively expanding its footprint in its home country.
CDC Software, a subsidiary of Hong Kong-based CDC Corp., has reached deals with seven companies to resell its products in China as part of an effort to make the Asian nation its second-largest global market.
CDC Software’s Atlanta office manages North American sales, which currently account for half of its revenues. China accounts for just 10 percent of sales, while as a unit, Europe, the Middle East and Africa make up 30 percent.
“The seven new CDC Software partners in China join other CDC partners in China to give us now nine partners in this territory. We expect to double these numbers shortly, and recruitment efforts continue to be strong globally,” said Monish Bahl, the company’s head of investor relations.
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