 |
CA Forges Strategic Partnership With Chinese Software Company
Computer Associates (CA) of the United States will spend 60 million U.S. dollars to buy a stake in NEUSOFT Group Ltd, a software company based in Shenyang, in northeast China, and become a member of the board of that company.
A signing ceremony was held Friday for the building of strategic cooperation ties between the two companies.
Charles B. Wang, chairman of the board of CA, explained that through cooperation with NEUSOFT, CA seeks common development with Chinese software companies and will help them adapt to the international market, and is willing to share experiences with NEUSOFT and develop new-generation industrial solutions to better serve Chinese customers.
With annual earnings of six billion U.S. dollars, CA is one of the three major software suppliers in the United States and provides services to enterprises from 100 countries and regions.
NEUSOFT is one of China's largest suppliers of applied software and systematic solutions for enterprises. NEU-Alpine, the core business of NEUSOFT, is a software company listed on the bourse.
According to the signed agreement, CA's many famous solutions for e-commerce administration will be used in the applied enterprise solutions of NEUSOFT and will be offered to Chinese customers as common independent solutions.
CA has already started up six joint ventures in China. CA's choice of NEUSOFT as a strategic cooperation partner was based on the fact that NEUSOFT is quite familiar with the software market in China, boasting an outstanding contingent of software professionals and being one of the largest software export bases in China, said the CA Chairman.
He added that one representative of his company would enter the board of NEUSOFT, and the joint venture between CA and NEUSOFT will also be listed on the bourse.
In This Section
|