(Source: Business Wire)

CDC Software Corporation (NASDAQ: CDCS), a global provider of enterprise software applications and services, announced today that it is initiating a 10b5-1 trading plan to repurchase the ADSs in the open market, based on various prices.
CDC Software's senior management, including the CEO, already have purchased CDC Software ADSs since the company went public on Aug. 6, 2009, at an average price per share of approximately $8.333.
"We believe CDC Software shares are significantly undervalued by the investment community and offer a compelling investment opportunity," said Peter Yip, CEO of CDC Software. "As we previously reported, for the second quarter of 2009, CDC Software reported a 311 percent improvement in operating cash flow of $15.2 million compared to the same period last year and second quarter Adjusted EBITDA margin improved to 27 percent compared to 17 percent in the same period last year. Day sales outstanding (DSO) improved to 89 days in the second quarter compared to 99 days in the first quarter and we are seeing signs of a recovery in new license sales through the company's pipeline of opportunities. With these very competitive industry operating metrics and a healthy pipeline of opportunities, we remain confident in the long-term outlook for the company and as a result we are being proactive through our commencement of a repurchase program."
About CDC Software
CDC Software (NASDAQ: CDCS), The Customer-Driven Company, is a provider of enterprise software applications and services designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software's product suite includes: CDC Factory (manufacturing operations management), CDC Ross ERP (enterprise resource planning), CDC Supply Chain (supply chain management , warehouse management and order management), CDC Pivotal CRM and Saratoga CRM (customer relationship management), CDC Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, CDC HRM (human resources) and business analytics solutions.
These industry-specific solutions are used by more than 6,000 customers worldwide within the manufacturing, financial services, health care, home building, real estate, wholesale and retail distribution industries. The company completes its offerings with a full continuum of services that span the life cycle of technology and software applications, including implementation, project consulting, technical support and It consulting. For more information, please visit www.cdcsoftware.com.