Management buyout for CDP

Software distributor CDP has been bought out by its management as long-term majority owner Peter Houlding substantially bows out of the business to concentrate on other things.

Software distributor CDP has been bought out by its management as long-term majority owner Peter Houlding substantially bows out of the business to concentrate on other things.

The company will now be owned fifty-fifty by Auckland-based managing director Allen Keyte and Wellington-based national sales manager Craig Catley.

Houlding stepped down as managing director about five years ago.

CDP is best known as the New Zealand representative of Cognos, the Canadian-based business intelligence software company. Under the new management, it will lift its emphasis on “corporate performance management” (CPM) rather than just pure business analysis.

CPM adds a planning perspective to the analysis and reporting market. Its evolution is “a process that doesn’t happen overnight”, says Keyte, and CDP was already trending in that direction.

“Craig [Catley] and I are believers in the vision of CPM,” he says, but this is not to imply that Houlding was any less committed to that direction.

The company also hopes to extend its business in software for “scorecarding” organisational performance according to a number of factors both financial and social.

CDP has been in business for 30 years, longer than most local software companies, Keyte says. “We are pleased to continue the tradition of a company owned by its employees.”

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