RealTime IT News

CDC Scoops Up TradeBeam in Cloud Play

CDC Software Corp. has added its name to the list of software companies shelling out to acquire SaaS players as they look to expand their cloud offerings.

The Atlanta-based firm has entered an agreement to acquire TradeBeam, whose software-as-a-service applications focus on on-demand supply-chain management and trade management.

Datamation has the details of CDC's acquisition of TradeBeam.

CDC Software Corp. became the latest software maker to open its wallet for a pure software-as-a-service (SaaS) play, shelling out an undisclosed sum to acquire TradeBeam, a privately held developer of on-demand supply chain visibility and trade management applications.

Atlanta-based CDC (NASDAQ: CDCS) said the deal is just part of the company's strategic evolution away from on-premises applications to more on-demand and hybrid enterprise software installations.

Company officials said the newly acquired applications will be folded into CDC's existing supply chain product line as well as its enterprise resource planning (ERP) and manufacturing operations application suites.

Read the full story at Datamation:
CDC Makes Cloud Computing Play With TradeBeam Deal