CDC Software Acquires WKD Solutions

CDC Software announced it has signed a binding term sheet to acquire WKD Solutions Ltd., a leading provider of supply chain event management and business activity monitoring (BAM) solutions that helps enterprises improve their supply chain visibility and support their governance, risk and compliance requirements. Privately-held Surrey, U.K.-based WKD Solutions markets its products under the Categoric Software brand.  This acquisition is subject to several standard closing conditions including the receipt of approval from the Board of Directors of CDC Software and the satisfactory completion of due diligence by CDC Software.  Under an OEM agreement, Categoric's supply chain event management technology has been used in CDC Software's Catalyst product line for several years.  

In the event the acquisition is completed, Categoric's solutions, including real time alerting, process automation, corrective action tracking, and key performance indicator (KPI) dashboards, are expected to be integrated into the CDC Supply Chain solutions.  CDC Software believes these solutions will help enterprises make better informed business decisions, quickly address problem areas and allow them to fully-exploit emerging business opportunities. Categoric solutions specifically provide real time information about the status and results of various operations, help predict issues before they arise, and alert users on exceptions or problems, such as delayed shipments and damaged goods, so corrective action can be taken immediately.  Categoric solutions also provide a unified framework that helps enable enterprises to respond quickly and efficiently for governance, risk and compliance requirements, as well as support for non-financial issues and risks such as environmental, social and ethical oversight.