(Source: Business Wire)
CDC Software Corporation (NASDAQ: CDCS), a global provider of enterprise software applications and services, today announced it has completed the previously announced acquisition of Surrey, U.K.-based WKD Solutions Ltd., a leading provider of supply chain event management and business activity monitoring (BAM) solutions which help improve an enterprise's supply chain visibility and support their governance, risk and compliance requirements.
The company, marketed under the brand name Categoric, specifically provides real time information about the status and results of various operations, helps predict issues before they arise, and alerts users on exceptions or problems, such as delayed shipments and damaged goods, so corrective action can be taken immediately. The solution also includes Sarbanes-Oxley auditing and compliance capabilities. The acquisition fits into CDC Software's strategy to address a high-growth market called Complex Event Processing (CEP) with products that offer functionality in supply chain event management, security, advanced business intelligence and fraud detection handling.
Under an OEM agreement, Categoric's supply chain event management technology has been used in CDC Software's CDC Supply Chain product line for several years, and with the acquisition, will now be integrated into the CDC Supply Chain product line. Future releases of these supply chain event management solutions will be developed at CDC Software's Nanjing, China product engineering center.
Customers of Categoric's xAlerts technology include: Ames True Temper, Aviall Services, Continental AG, Saks 5th Avenue, and Shanghai General Motors.
"We are excited to acquire this technology which already has been a strategic fit to our CDC Supply Chain solutions through our past OEM relationship WKD Solutions and also addresses the hot market of CEP," said Bruce Cameron, president, CDC Software. "We expect this to be an accretive acquisition, and that it will help improve profit margins for CDC Software as we will now own the technology we in the past used to license. We also will be leveraging our China product engineering operations which we expect will add more cost efficiencies to the development of future Categoric product releases. Categoric helps us expand the breadth of our enterprise applications offerings and create new cross-sell opportunities throughout our customer base. We also believe that this acquisition illustrates how we are delivering value to our customers by expanding the depth of our industry applications through investments in organic innovation, as well as targeted acquisitions."
CDC Supply Chain
CDC Supply Chain offers a broad range of integrated, open standards-based solutions that service key areas of complex supply chains and distribution networks. The solutions can operate as standalone modules or can readily integrate into an enterprise's existing applications. Key functionality in the CDC Supply Chain suite includes order and inventory management, demand & replenishment planning, warehouse management, transportation management, dynamic route planning, slotting, labor management, cross dock planning and yard management.
