CDC Software Achieves New Customer Milestone: 10,000 Enterprise Customers
SHANGHAI, ATLANTA, SYDNEY - 12 October 2010 -CDC Software Corporation (NASDAQ: CDCS), a global provider of hybrid enterprise software applications and services,today announced that its installed enterprise customer base has increased to 10,000.
“We are very pleased with our historic enterprise customer milestone that reflects the organic growth in our on-premise solutions, as well as the successful execution of our hybrid cloud strategy that incorporates integrated acquired cloud companies, growing cross-sell opportunities, as well as expansion in our emerging markets such as China, India, Russia and Latin America,” said Bruce Cameron, president of CDC Software. “While the largest percentage of customers are from North America, Asia/Pacific follows closely, with China representing the fastest growing region. As a result, we expect the Asia/Pacific region to grow steadily in future quarters. We are also seeing healthy growth in our EMEA region, as well. Notably, CDC Software’s focused vertical industry sectors of manufacturing, government and non-profit associations, financial services, food and beverage, business services, life sciences, healthcare/medical devices, and retail represent together more than 66 percent of our customer base.”