US IT company CDC Software Corporation will buy a 51% stake in Chinese CRM company Hejia Software Technology.
Founded in 1998, Hejia Software Technology's main product, HJSOFT, is a web-based solution featuring functionality in CRM, supply chain management, ERP, quality assurance and financial management. Hejia Software's products are used by more than 400 customers in industries that include Industrial, Food and Beverage, Healthcare, Publishing and Chemical.
The acquisition of Hejia Software Technology is part of CDC Software's strategic plans to expand its geographic footprint and increase sales by accessing rapidly growing economies. "We are very pleased to invest in Hejia Software, a major ERP software provider in China that fits into our expansion strategy in that country," said Peter Yip, CEO of CDC Software. "We believe China holds significant growth opportunity for the enterprise software market and that this investment will help us to increase our market penetration in this country."