The fight had resulted in the ouster of the CDC Software board and its CEO. The court agreement involves the Chapter 11 filing of CDC Corp., an indirect majority owner of the stock of CDC Software via CDC Software International.  The shares are being purchased by Archipelago Holdings, an affiliate of Vista Equity Partners, a private equity firm that invests in software and technology companies. No competing bids were received as part of the reorganization plan. The chain of events was set in place when CDC Software cancelled the ability to utilize a convertibility feature of a debt issue just before it could be exercised by a group of funds operating under the Evolution name. The court-approved deal would give those funds full payment that they had secured via a court judgment. CDC would lose one of its major assets via the sale. The software unit had been assembled through a series of acquisitions.