CIMdata PLM Industry Summary Online Archive

7 May 2008

Acquisitions

Sale of PLM Software Division Solidifies Freeborders' Position in the Outsourcing Industry

Freeborders confirmed the sale of its product lifecycle management (PLM) division to Lawson Software. The terms of the deal were not disclosed.

The PLM software product, developed by Freeborders, helps fashion manufacturing companies source the materials they need to move a product from design to production.

"We are excited that Lawson will remain a Freeborders client as they continue to leverage the successful offshore talent and at the same time the transaction enables Freeborders to concentrate on its core competency as a leading provider of outsourcing solutions from China," said Jean Cholka, Freeborders' Chief Executive Officer. "We continue to take the necessary steps to focus our management and capital resources on the growth opportunities of our outsourcing solutions."

"The sale of the PLM software division allows Freeborders to focus on its outsourcing business as a pure play operation", says Dean Stevens, Spinnaker Advisory Group. "This move clearly shows that Freeborders is serious about their outsourcing business and their new management is making changes to the company that will allow them to compete more effectively".

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