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Kingdee to Expand its Software Turf

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(SHENZHEN, MARCH 03, 2010) Shenzhen-headquartered software veteran Kingdee International Software Group Co., Ltd. (SEHK: 0268) intends to expand its software turf in the market, with a plan to spend CNY 100 million acquiring four software companies in 2010, citing a media report.

Kingdee announced on March 2 that it had taken over Guangzhou ProWay Technology
 Co., Ltd., a Guangzhou-based supplier of product life cycle management (PLM) software, at a cost of CNY 21 million.

Kingdee will make use of the takeover to master the PLM technology and hold related talents, a necessary push to its expansion, said Chen Dengkun, vice president of Kingdee.

Kingdee will consider software acquisitions as quick response to changing consumers in a bid to meet their different needs, it pointed out. It will expand deeply in the software field.

Established in 2002, ProWay Technology has grown into a mainstream PLM brand in south China, with more than 300 clients. Its PLM services have extended to a long list of sectors such as electronics, home appliance, automobile, precision instrument, electromechanical, shipbuilding, communications, hardware, and furniture.

 

Source: dycj.ynet.com

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Ben Hanson Ben Hanson is one of WhichPLM’s top contributors. Ben has worked for magazines, newspapers, local government agencies, multi-million pound conservation projects, museums and creative publications before his eventual migration to the Retail, Footwear and Apparel industry.Having previously served as WhichPLM’s Editor, Ben knows the WhichPLM style, and has been responsible for many of our on-the-ground reports and interviews over the last few years. With a background in literature, marketing and communications, Ben has more than a decade’s worth of experience, and is now viewed as one of the industry’s best-known writers.