Chinese software firm CDC Software Corporation plans to make a strategic investment in U.S.-based software-as-a-service firm eBizNET Solutions.
Neither company has provided financial details about this deal. The strategic investment in eBizNET and the formation of the strategic relationship are subject to the completion of due diligence and the negotiation and execution of definitive documentation.
In addition to the strategic investment, CDC Software also plans to develop a strategic relationship with eBizNET Solutions whereby CDC Software is expected to become a cobranded reseller of eBizNET solutions globally. As part of strategic relationship, an eBizNet Solutions affiliate and CDC Software plan to jointly offer an integrated solution of eBizNet and CDC Software's solutions including CDC eCommerce and x-Alerts to potential customers of both companies.
eBizNET offers an integrated suite of on-demand SaaS Supply Chain Execution solutions including warehouse management, transportation management, yard management, port and cargo terminal management, activity based billing and costing, and reverse logistics. Its customers include Fortune 500 companies located around the world.