CDC Software to Merge with Saratoga Systems

CDC Software, which offers industry-specific enterprise applications and business services, signs a definitive merger agreement with CRM solutions vendor Saratoga Systems. With annual revenues of nearly $25 million, the deal is expected to be immediately accretive to CDC Software when completed. Saratoga CRM solutions are widely used by large companies in the chemicals, consumer products, energy and selected manufacturing industries. Saratoga has more than 350 customers globally. The addition of Saratoga CRM to CDC Software is expected to form a strong base along side the company's current Pivotal CRM applications, which are designed primarily for financial services, home building and additional manufacturing industries. The Saratoga CRM applications also are complementary to the Ross Enterprise solutions for chemicals manufacturers, and the recently acquired Respond applications for complaint and feedback management.