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Article: CDC Software Acquires Remaining 49 Percent of Supply Chain Management Subsidiary, IMI.
- Article from:
- Business Wire
- Article date:
- January 29, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING & ATLANTA -- CDC Software, a wholly owned subsidiary of CDC Corporation and a provider of industry-specific enterprise software applications and business services, today announced it has acquired the remaining 49 percent of its subsidiary, Industri-Matematik International Corp. ("IMI") from Symphony Technology Group ("Symphony"). This acquisition gives CDC full ownership of IMI and will, in turn, allow CDC Corporation to report 100 percent of the profits from the IMI subsidiary starting in the fourth quarter of 2007. The acquisition is not expected to materially impact revenue as CDC Corporation has already been reporting full revenue for IMI under US GAAP rules ...