AAA IDG seals software deal

IDG seals software deal

IDG Capital Partners, the corporate-backed China-based venture firm, has invested an undisclosed amount in local software developer Wondershare Software. Terms were undisclosed.

IDG, which is backed by US-based media company International Data Group and US venture firm Accel Partners, provided a second round of financing for Wondershare.

Tobee Wu, chief executive of Wondershare, said: "It speaks volumes about Wondershare’s business potential to receive investment financing by such a prestigious firm as IDG."

Wondershare develops multimedia and business products for Macintosh and Windows systems and was set up in 2003.

 

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