While the terms of the deal were not disclosed, the sale of its product lifecycle management (PLM) division to Lawson Software, was confirmed today by Freeborders.Developed by Freeborders, the PLM software product, helps fashion manufacturing companies more quickly source the materials they need to move a product from design to production.
Freeborders' Chief Executive Officer, Jean Cholka, explained:
"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". "We continue to take the necessary steps to focus our management and capital resources on the growth opportunities of our outsourcing solutions."
Spinnaker Advisory Group, Dean Stevens, added:
"The sale of the PLM software division allows Freeborders to focus on its outsourcing business as a pure play operation". "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".
Providing guidance and insight for Chinese companies working in Western markets and Western companies planning to do business in China, yhe Spinnaker Advisory Group guides companies to dramatically improve return on investment. Having been working on developing China's outsourcing business for more than five years, Dean Stevens is a recognized industry analyst that follows the China outsourcing business very closely.
