Kingdee Acquires Shenzhen’s Firstsoft For CNY10 Million

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Chinese enterprise management software and e-business application solution provider Kingdee International Software Group has announced that the company has acquired the Shenzhen-based professional collaborative software provider Firstsoft for CNY10 million.

Collaborative software refers to application software that can help individuals or organizations realize communication and collaboration. Its coverage is now far beyond the range of previous office automation software. According to the latest report on the development trend of the collaborative software market released by the Chinese ICT research firm CCW Research, in 2009, the Chinese collaborative software market increased by 48.7% year-on-year CNY2.81 billion.

Founded in 1998, Shenzhen Firstsoft focuses on products in eight major sectors, including knowledge management, document flow, b...

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