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by Chris Chiappinelli, MA Editorial Staff Posted on Tuesday, April 17, 2007 4:50:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | The enterprise software vendor moves to build out its CRM portfolio with the purchase of Saratoga Systems, in a deal expected to close by the end of the month. |
| Keywords: | CDC acquires Saratoga, CDC buys CRM vendor, CDC vertical applications, customer relationship management applications, CRM software vendor, Saratoga Systems |
Intent on delivering customer relationship management products tailored to specific industries, CDC Software today announced that it will acquire privately held CRM provider Saratoga Systems for an undisclosed sum. The transaction, which is expected to close by the end of this month, is the tenth acquisition of a software provider by CDC Software, a subsidiary of CDC Corp. of China. Since 2002, the company has bought up enterprise resource planning, CRM, and supply chain management providers with expertise in vertical markets such as chemicals, consumer product goods, food and beverage, financial services, and healthcare. CDC Corp. reported revenue of $240 million in 2006. Saratoga Systems was founded in 1987 and closed its most recent fiscal year with $25 million in revenue. The Saratoga CRM product offers a user-definable and -configurable environment based on the Microsoft .NET architecture, and is installed on premises. The application features modules for marketing, sales activity monitoring, sales pipeline management, and analytics, including analysis of real-time data that can facilitate sales forecasting. Saratoga also offers industry-specialized applications that include, for instance, management of samples for chemicals companies. Saratoga CRM can be integrated with ERP and other systems, a task usually accomplished through Web services. [Click to continue] |
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