CDC Software has completed its acquisition of a 51% stake in Integrated Solutions Limited, a Hong Kong-based vendor of ERP systems designed for small and medium-sized manufacturers in China.
"With this investment, along with our award-winning solutions, services, extensive infrastructure and deep expertise of the China market, we are now strongly positioned to more fully exploit the significant opportunities in the largest manufacturing market in the world," said Peter Yip, executive chairman of CDC Software. "We plan to leverage ISL's impressive track record of hundreds of successful deployments in southern China as we expand our market presence throughout the country. With our highly-popular Ross Enterprise applications for process manufacturers and the addition of ISL's applications for discrete manufacturers, we now have solutions for the entire industry. A top priority for us will be to expand rapidly in China, particularly targeting the millions of small and medium-size manufacturers with our complementary software solutions. Additionally, our longer-range plans will include the expansion of ISL into other growing markets such as Southeast Asia, India and Middle East."
ISL joins CDC Software's Franchise Partner Program that includes firms located in India, Argentina, Spain and Mexico. Under this program, CDC Software establishes strategic relationships with partners in selected geographies through majority control, as well as minority investments.
ISL provides complete ERP solutions designed to address the needs of small and medium-sized discrete manufacturers in the electronics, toy, watch and furniture industries in China. With company headquarters in Hong Kong, ISL has been successfully selling and deploying these solutions throughout southern China. CDC Software plans to help ISL expand beyond its current focus to other parts of China, the Middle East, Southeast Asia, India and other countries.