CIMdata PLM Industry Summary Online Archive

18 December 2007

Financial News

IDG Technology Venture Investment Grants CAXA $10 million To Further Growth and Expansion in China

CAXA (pronounced "CASA") announced International Data Group Technology Venture Investment (IDGVC) is contributing $10 million to promote the growth and expansion of China's leading Product Lifecycle Management (PLM) business.

China's increased manufacturing activity, both domestically and for export, means there is strong demand for CAXA's PLM offerings. As manufacturing grows beyond China, CAXA is set to expand and become a global PLM vendor network, supporting the integration of China's manufacturing industry into the global economy. This is the first time a venture investment has financed a Chinese PLM vendor.

"China has a large, untapped PLM market that continues to expand with the growing need for domestic and international manufacturing," says Lin Dongliang, General Partner of IDGVC. "As the largest PLM company and leading PLM provider for China, CAXA is the ideal target for our investment. We interviewed many of CAXA's customers and partners before making our decision. IDGVC was impressed with their confidence in CAXA's technical capabilities, corporate culture, and employees," he continued.

Many Chinese enterprises have advanced their competitive ability and corporate productivity by using CAXA's PLM offerings, resulting in the development of more innovative products with reduced manufacturing times and costs. As China continues to become a center for global manufacturing, more companies will call on CAXA to help solve their PLM needs. CAXA's objective is to match the increasing demand of domestic industries.

"With this funding, CAXA plans to expand its service team while also enhancing the R&D development of existing PLM products," said Lei Yi, President and CEO of CAXA, "IDGVC's investment will support CAXA's plan for expansion, and eventual globalization of our business by working with leading global providers in CAD, CAM and PLM," he continued.

CAXA's PLM offerings include 2D and 3D Computer-Aided Design (CAD); Computer-Aided Process Planning (CAPP); Computer-Aided Manufacturing (CAM); Product Data Management (PDM); Computer Integrated Manufacturing (Internet DNC); and Manufacturing Process Management (MPM). Together, these offerings encompass a product's entire lifecycle (from initial concept to final-production and after sale service).

About CAXA

CAXA is the market leader and largest Chinese solution and service provider of CAD/CAM/PLM. CAXA has more than 20,000 customers served by a well-established network of 35 sales and service branches in China, plus subsidiaries in the U.S. and Taiwan. Based on the mission of "solutions and services for the manufacturing industry", CAXA has developed a series of solutions in design, process planning, manufacturing and collaborative management that tailor domestic practices of Chinese industry. For additional information, please visit http://www.caxa.com .

About IDGVC

IDGVC was founded in 1992 by International Data Group (IDG), a leading worldwide provider of information technology services. As one of the earliest American venture companies to enter the China market, IDGVC's investment focus is on Internet, information services, software, telecommunications, networking technology, media and entertainment. Supported by IDG's global resources, IDGVC has invested over US$300 million in more than 100 portfolio companies. Among its many successes are several companies now listed on the NASDAQ exchange, including Ctrip, Sohu, Baidu and JRJ. IDGVC also offers an array of value-added services and in-depth support for its portfolio companies in China. To date, IDGVC's total fund under management in China has reached US $800 million.

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