Friday, January 20, 2006

CDC (fka ChinaDotCom) grabs supply chain product, hungers for more

The acquirer of Ross, Pivotal, and IMI has struck again. But here's the money quote from Steven Chan, acting CEO: "JRG is one of several acquisition targets that we are actively evaluating and negotiating and look to conclude this quarter. The acquisition of JRG reflects our commitment to leveraging our strong balance sheet of US$212 million in net cash to continue acquiring synergistic companies and products."

OK, so $212MM doesn't buy you QAD or IFS. But who will it get you?

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