SHANGHAI ( TheStreet) -- CDC Software ( CDCS) has withdrawn its offer to acquire Chordiant Software ( CHRD) and has sold its entire 1.3% interest in the Cupertino, Calif., company. CDC offered to buy Chordiant last week for $3.46 a share, or $105.1 million. But on Monday Chordiant said the offer "significantly undervalues" the company and wasn't in its best interests. Chordiant shares closed Thursday up 4 cents to $3.71, but fell after hours by 21 cents, or 5.7%, to $3.50. -- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.