CDC Corporations's (CHINA) subsidiary CDC Software says it will acquire Dynamic Business Consultants, and Australian systems integrator, for an undisclosed sum.
"DBC represents a highly-selective, accretive acquisition that we expect will contribute to CDC Software's growth strategy," stated Peter Yip, executive chairman of CDC Software. "With our recent multi-million dollar sale of IT services, products and support to a major sports company in Australia, this acquisition helps to further position us for growth and success in this potentially lucrative market."
Founded in 1994, DBC has offices in Melbourne and Adelaide. The company provides IT solutions and services to more than 90 clients in financial services, distribution, manufacturing, non-profit organizations, professional services and construction.
As part of the acquisition, DBC will market and sell CDC Software's process manufacturing solutions that include CDC Factory and Ross Enterprise. The acquisition of DBC will not only expand CDC Software's market presence in Australia, but will also expand the solutions and services footprint for CDC Software's Australia-based Praxa services business in this rapidly growing region.
"DBC is very excited to join the CDC Software family," stated Terry Bolden, managing director of DBC. "This integration will give us an opportunity to service new customers with our in-depth and award-winning expertise in ERP for Praxa. It also helps enable us to expand our position by getting the most out of Praxa's broad technical capabilities in servicing our existing customers, bringing in our complementary technologies together and offering Australian customers a one stop shop with an end-to-end business solution. We are also looking forward to opening up new opportunities for the CDC Software's Process Manufacturing solutions in Australia."