CDC to buy 51% stake in ISL to expand in China

CDC Software, a wholly-owned subsidiary of the Nasdaq-listed CDC Corporation announced Tuesday it will buy a 51% stake in a Hong Kong-based EPR system supplier, Integrated Solutions Limited (ISL) which specializes in designing and producing software for small and medium-sized Chinese firms.

The move is a key step for CDC to tap into China market, it said, adding that after the deal completed, ISL's clients, currently mainly from the Greater China region, will be expanded to emerging markets like Middle-east, Southeast Asia, India, etc.

The two sides were highly complementary to each with respect to their products, CDC said.

CDC Software sells industry-specific enterprise software applications and services to customers worldwide and has its strength mainly in process manufacturing.