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CDC Software Makes Client Wins In China

January 22, 2004
Software

CDC Software, a wholly owned subsidiary and software unit of chinadotcom corporation, an integrated enterprise software and mobile applications company in China and internationally, today announced it has made progress in securing new clients for software products including Enterprise Resources Planning (ERP), Business Intelligence (BI) and Human Resources and Payroll (HRP) for enterprises in China, particularly focused on the manufacturing industry.

For the quarter ended December 31, 2003, over 40 new software licenses were sold, of which half are for companies in the manufacturing sector, using CDC Software's in-house developed HRP software products as well as recently acquired Executive Suite and to-be-acquired iRenaissance of Ross Systems.

Recent new licenses sold to CDC Software's existing customers, Raybestos Friction Products (Suzhou) Co., Ltd. (Raybestos), a leading supplier of brake components to the automotive industry, and ASIMCO, a leading China-based automotive components manufacturer, demonstrate CDC Software's commitment to realizing cross-selling opportunities with its recently acquired software products. CDC Software signed an agreement with Raybestos to provide iRenaissance, Ross Systems' flagship ERP software product, for implementation at Raybestos' operation in China. iRenaissance Modules to be provided to Raybestos include the areas of finance, distribution and manufacturing, PRC statutory reporting, which meets the statutory and tax reporting requirements in China, and plant maintenance. In addition, CDC Software will provide implementation and training services to Raybestos, as well as support and software maintenance services.

CDC Software also signed an agreement with ASIMCO, whereby CDC Software will provide ASIMCO with Executive Suite, a leading financial performance management and BI application based on Microsoft technology. ASIMCO will deploy Executive Suite to automate the budgeting and planning process as well as the financial consolidation and analysis of its 14 operations in China as well as its 2 manufacturing facilities in the US, and will implement all Executive Suite modules including Executive Reporting, Executive Budgeting & Planning and Financial Consolidation.

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