CDC Global Services to acquire information technology services company
Aug 17, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Company: CDC Corp (CHINA)
CDC Global Services (CGS), a wholly-owned subsidiary of CDC Corporation (CDC), has signed a binding term sheet to acquire an information technology (IT) services provider primarily focused on business intelligence solutions for the healthcare market.
CGS is a US-based provider of business information systems solutions, while CDC is a Hong Kong-based provider of enterprise software, mobile services and applications, internet and media services.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2009-08-17
Deal Participants
Target (Company) Information Services Company - New York, US Acquirer (Company) CDC Global Services
Deal Rationale
The acquisition would complement CGS services portfolio, as well as its target markets while giving its scalability in its operations.
Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved
News Provided by COMTEX
Company: CDC Corp (CHINA)
Related terms: acquisition, business, business intelligence, hong kong, information technology, internet, market, media, new york
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