CDC to merge with Saratoga

Software provider CDC Software, a wholly owned subsidiary of CDC Corporation and general gobbler-up of smaller firms, has announced its signing of a merger agreement with CRM solutions provider Saratoga Systems.

The acquisition is expected to be completed within approximately two weeks.

Saratoga CRM solutions are designed for companies in the chemical, consumer product, energy, insurance and manufacturing industries. Saratoga’s clientele of over 350 customers includes Allstate, BASF, Blue Cross Blue Shield of GA, Ciba Specialty Chemicals, Dresser-Rand, Exelon (Commonwealth Edison), Johnson Controls, Konica Minolta, Metropolitan Life, Progressive Companies, Tyco Healthcare and Wellpoint Health Networks. Saratoga boasts annual revenues of $25 million.

And the final word from Eric Musser, president of CDC Software: “Unlike the slash-and-burn approach of typical consolidators, we believe we are creating real value by expanding the breadth of our industry applications through investments in organic innovation, as well as targeted acquisitions such as this one.” Doth somebody protest too much?