 "CDC Eyes India Acquisitions To Propel Growth")
CDC Software is planning strategic acquisitions in India to expand its presence and scale up its client base, a senior company official said here Wednesday.
“We have short-listed a few firms, including a couple located in India as part of their global operations. We are looking for small and medium firms which have $20-30 million revenue but command higher valuation,” CDC Software India managing director Nagaraja Prakasam said.
“Our acquisition strategy is to add value to our CRM (customer relationship management) product offerings and be a one-stop solution for the enterprise class. Increasingly, customers want to deal with less vendors to reduce deployment time and lower the total cost of ownership,” he added.
“Though we have been operating in India over the last five years developing products and services, we have recently started hard-selling our products such as Pivotal CRM. Bangalore based TTK Services Ltd, which offers personalised services to its clients, including non-resident Indians (NRIs), is our first customer to deploy Pivotal CRM,” Prakasam concluded.
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