Chinese company CDC Software invests in Brazilian market

14 June 2011

Sao Paulo, Brazil, 14 June – CDC Software, a Chinese business management software company, plans to invest US$6 million in Brazil to buy a stake in a local company and restructure its model for sale of its products in the country, said the president of CDC Software for Latin America.

Cited by the Brazilian edition of Computerworld magazine, Oscar Pierre said that two companies had received accreditation to represent the brand and the target was to have a total of five business partners.

CDC Software also plans to make a partial acquisition of a Brazilian company in order to add capital to the project, and that partner should have a portfolio of at least 500 customers, post turnover of between 10 million and 30 million reals per year and have an attractive product with potential for sale on the international market.

By restructuring its business model, CDC Software hopes to compete with competitors that have been in Brazil for longer, such as SAP, Microsoft, Totvs and Oracle.

CDC Software, which has been operating on the international market for 25 years and in Brazil since 2009 with a direct sale business model, manufactures enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM) and other business software solutions. (macauhub)