An initiative to further strengthen our relationship with leading software vendor Best Software
April 11, 2003
CDC Software, the software unit of chinadotcom corporation [NASDAQ: CHINA; Website: www.corp.china.com], a leading integrated enterprise solutions company in Asia, today announced it has expanded the sales territory beyond its existing China and Hong Kong markets, by signing a new distribution agreement with Best Software, Inc, the manufacturer of the Platinum for Windows by Best (PFW) products including the BatchMasterPFW suite for Process Manufacturers.
Under this agreement, CDC Software is authorized to sell the PFW and BatchMasterPFW suite of products in the territories of Singapore, Korea, Japan, Malaysia and Taiwan, in addition to China and Hong Kong. This agreement further strengthens the relationship between the two companies and it is expected to eventually bring additional new and recurring revenues through sales of software licenses, annual maintenance fees and related services.
In line with the previous agreement with Best Software announced in February this year, CDC Software is allowed to use the source code for certain purposes of the software products that it is representing for Best Software in these additional markets and CDC Software will own the IP (intellectual property) rights relating to the Customized Program Modules developed or prepared by it in the region.
Steve Collins, Managing Director of CDC Software, said, While the initial contributions from this agreement to our results will be relatively small, this expanded relationship with Best Software is yet another positive step in CDC Softwares long term software initiatives. This further co-operation is a significant move showing the confidence of our software vendor towards our capability of representing their products in the Asia Pacific region. The extended territory coverage is expected to eventually increase the sales volume of these software products that should result in a win-win situation for both parties.
The Asia Pacific region is a major market for our products and we are pleased to appoint CDC Software to represent our products and provide localization in these markets in addition to the Greater China region, said David van Toor, VP and General Manager of the Platinum for Windows Division of Best Software, Inc. With CDC Softwares track record in this region, particularly in Greater China, we are confident that our products will gain more traction in these markets.
CDC Softwares affiliate has been a distributor of Best Software, Inc for its Platinum for Windows and BatchMasterPFW products since 1997, and was selected as the Best Software International Business Partner for 2002.
About CDC Software
CDC Software is the software unit of chinadotcom corporation (NASDAQ: CHINA), a leading integrated enterprise solutions company in Asia. CDC Software integrates a series of chinadotcoms self-developed products developed in the two software development centers in China, which include PowerBooks, PowerHRP (Human Resources and Payroll), PowerATS (Attendance Tracking System), Power-eHR, PowerPay+, PowerCRM and Power eDM (a double-byte e-mail marketing technology). In addition, the company also broadens its serving offerings in software arenas by establishing strategic partnerships with leading international software vendors to localize and resell their software products in the Greater China region.
chinadotcoms software arm currently has 600+ enterprise software customers in the Asia Pacific region with over 1,000 installations. Selected multinational and domestic customers include ACNeilsen, Carrefour, Inventec Micro Electronics Shanghai, Legend Computer, Microsoft (China) Co., Ltd., Polymatch (Shanghai) Co., Ltd., Shenzhen Airlines, Swire Beverages, Shangri La Hotels and Resorts and Starwood Hotels and Resorts.
For more information about chinadotcom corporation and CDC Software, please visit the Web site http://www.corp.china.com.
About Best Software
Best Software offers leading business management products and services that give 1.7 million small and mid-sized customers in North America the insight for success throughout the life of their business. Its parent company, The Sage Group plc (London: SGE.L), supports three million customers worldwide and has revenue of $815 million. For more than 25 years, Best Software has delivered easy-to-use, scalable and customizable applications through its portfolio of leading brands, including Abra, ACT!, CPASoftware, FAS, MAS 90, MIP, Peachtree and SalesLogix, among many others. For more information, please visit the Web site at www.bestsoftware.com or call (866) 308-BEST.
Safe Harbor Statement
This press release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on chinadotcom management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward-looking statements included in this press release are based upon information available to chinadotcom as of the date of the press release, and it assumes no obligation to update or alter its forward looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect chinadotcoms results of operations is detailed in its filings with the United States Securities and Exchange Commission, including the Annual Report for the year ended December 31, 2001 on Form 20-F filed on June 11, 2002.
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