CDC Software sees opportunities in 2 verticals across Latin America

Friday, April 1, 2011

US company CDC Software (Nasdaq: CDCS) sees significant opportunities in two vertical markets across Latin America, the company's VP of operations for Latin America and Southern Europe, Oscar Pierre, told BNamericas.

"In the financial segment, we see many opportunities for our front office solutions, while in the manufacturing sector we see opportunities for several solutions including CDC Factory, Pivotal CRM, Ross Enterprise and CDC Supply Chain," he said.

Pierre said Mexico and the Southern Cone - which includes Argentina, Chile and Peru - are the main contributors to the company's regional revenues. "However we expect our operation in Brazil to experience enormous growth this year," he added. "We believe that Brazil will become one of our main contributors in the medium term."

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Last month, CDC Software signed up five new partner companies in Brazil and Mexico.

The company expects its Latin American operation to account for 8% of total revenues this year, which would represent an increase of 32% compared with the previous year. Total revenues for 2010 amounted to US$213mn, up from US$204mn in 2009.

CDC Software is a hybrid enterprise software provider of on-premise and cloud deployments.

CDC Software's solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management, human capital management, government and not-for-profit, customer relationship management (CRM) and business intelligence.