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by Alan Alper, MA Editorial Staff
Posted on Monday, April 17, 2006 5:50:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    Not waiting for a response on its sweetened offer to acquire Onyx Software Inc., CDC Software Inc. late last week agreed to buy another customer relationship management (CRM) software vendor to advance its growth-by-acquisition desires. In agreeing to buy c360, CDC of Atlanta gains a purveyor of CRM software development tools and plug-in applications for the fast-growing Microsoft Dynamics CRM space. The deal, whose value was not revealed, is expected to close later this week, noted Eric Musser, CDCs' chief technical officer, who is overseeing the company's quickly accelerating merger-and-acquisition strategy. Musser said CDC will not disclose how much it pays for acquired companies that are valued at less than $20 million. Already, CDC has assembled a wide portfolio of enterprise applications software for CPG, food and beverage, and pharmaceuticals manufacturers and distributors that it is beginning to mold into a viable alternative to the extended ERP establishment. Within the past year the company acquired on-demand SCM software vendor JRG Software Inc. (San Mateo, CA) and Horizon Companies Inc., an Edison, NJ consulting firm. [Click to continue] |
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