Investment in eBizNET to drive its global SaaS expansion

20-Apr-2010 - Last updated on 21-Apr-2010 at 10:24 GMT

Related tags Supply chain management

eBizNET has entered into a strategic relationship with CDC Software, which is expected to accelerate the deployment of its SaaS supply chain systems in emerging, high growth markets.

CDC Software has made a strategic investment in eBizNET and following this the companies have the option to use some of each other’s capabilities. eBizNET believes this will fuel growth and allow it to offer services which improve the efficiency and performance of client’s operations.

In particular, eBizNET will be able to “expand rapidly globally, especially in high growth markets such as China, Latin America and India”, explained Abhay Edlabadkar, the company’s CEO and president.

eBizNET will also have the option of using CDC Software’s global offshore development and support infrastructure, helping it “to deliver compelling economies of scale”, according to Edlabadkar.

This infrastructure will be used to underpin its software-as-a-service (SaaS) supply chain suite. Applied to the pharma industry this allows for batch control, expiration date tracking, returns and claims processing and recall management.

Using a SaaS environment minimises IT-associated start up and maintenance costs. eBizNET’s capabilities in this area prompted CDC Software to make the investment.

Bruce Cameron, president of CDC Software, explained: “We also believe that this transaction can further advance our goal of boosting maintenance and SaaS recurring revenue to about 70 percent of our total revenue in the next few years."

The strategic investment and formation of the strategic relationship are subject to the completion of due diligence and the negotiation and execution of definitive documentation.