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CAXA Lands USD 10 mln Investment

SinaTech, 12/12/07

Chinese product lifetime management (PLM) software and service provider CAXA announced today that it had won a USD 10 mln investment from IDG. The investment will be used to expand CAXA's services system, strengthen R&D programs, and to further build out CAXA's leading advantages in the PLM industry.

CAXA is China's first and only PLM software company to receive VC investment. Sales of legitimate copies of the company's software total over 200,000.

Keywords: CAXA product lifetime management software VC funding IDG

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