Chinadotcom unit buys supply chain specialist
CDC Software, a wholly owned subsidiary of Hong Kong-based Chinadotcom, has bought a majority stake in Industri-Matematik International (IMI), a supply chain management software supplier in the United States and Europe. Financial details were not given. Peter Yip, chief executive at Chinadotcom, said the acquisition matched the company's strategy of developing and assembling a suite of related business-automation software targeted at manufacturing industries in China and Asia. IMI revenues for the six months to June 30 were US$21.9 million.
UTStarcom claims more than 15 million pas users
UTStarcom, the largest equipment supplier for China's xiaolingtong phone networks, said subscribers using its personal access system (PAS) topped 15 million last month. PAS subscribers are projected to reach 30 million by the end of this year from 12 million last year. Ying Wu, chief executive at UTStarcom's China operations, said the company expected China Telecom and China Netcom to 'continue to aggressively deploy PAS because it had proven to be the quickest and most profitable way to bring service to their consumers'. The network provides limited wireless local access.
Sinopec lifts distribution with AspenTech system
Hong Kong and New York-listed China Petroleum and Chemical Corp (Sinopec) has adopted key retail software from Massachusetts-based AspenTech to bolster the distribution of its petroleum products. Sinopec, the mainland's largest integrated energy and chemicals firm, signed a licence agreement to use the Aspen Retail program after conducting a pilot project last year at subsidiary Tianjing Petroleum. Sinopec operates more than 29,000 retail service stations in China. The first phase of deployment will be made in Beijing and Shanghai, as well as in Shandong, Zhejiang and Guangdong provinces.
