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Press Releases:

August 29, 2010

Wells Fargo (NYSE: WFC) Provide $30 Million Financing to CDC Software Corp. (NASDAQ:CDCS),

Wells Fargo & Co (NYSE: WFC)'s Capital Finance division has provided $30 million in new financing to CDC Software Corp (NASDAQ: CDCS), a company which sells SAAS software as well as on-site software.

CDC Software plans to use the four-year senior secured revolving credit facility for general corporate purposes, strategic growth initiatives such as M&A activity and to provide working capital and capital expenditures.

According to Tech Journal South, "CDC Software's solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management (demand management, order management and warehouse and transportation management), e-Commerce, human capital management, customer relationship management (CRM), complaint management and aged care solutions."

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