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Home Channel South Africa Rectron acquires stake in SA ERP specialist

Rectron acquires stake in SA ERP specialist

Rectron acquires stake in SA ERP specialist

IT distributor Rectron has acquired a majority stake in ERP software development company Palladium for an undisclosed amount in a bid to strengthen its software proposition in the South African channel.

The Mustek Ltd. subsidiary says Palladium, which is developed on Microsoft's platforms and is Windows 10 certified, adheres to the security standards that are not based on legacy platforms.

Spencer Chen, Managing Director of Rectron expressed excitement at company's new investment which he says will help them make a mark in the growing South African software ecosystem.

"Palladium aligns well with Rectron's strategy to grow its cloud and software business. Not only will Palladium add value to Rectron's product line, but we believe that Rectron's broad-based resellers will benefit from using the in-house developed ERP software too, as it is feature-packed with functionality that would ordinarily only be available to larger corporates. It also gives our resellers the opportunity to stand out in the over-saturated ERP software market."

Stephen Corrigan, Managing Director at Palladium believes the will grow as a result of the Rectron deal.

"Until now Palladium has been regarded as South Africa's best kept secret and we believe that our partnership with Rectron will help us to catapult Palladium in the South African channel through its broad base of resellers. Our solution delivers big business ERP functionality at an SMB price point and we offer companies the ability to add features to the solution to fit their exact requirements. It just makes sense."

A statement from Rectron says the recent spate of global ransomware attacks mean that it is more important than ever that the software which businesses use adheres to the highest security standards that aren't based on legacy platforms.

"Palladium currently offers a hosted solution and with a full cloud solution on the way, it is well poised for growth in the South African market." adds RFectorn in its statement.

Gerhard Malan, Financial Director of Rectron says purchasing a stake in Rectron, which boasts a network of over 140 business partners throughout Africa, is key to Rectron's ability to remain in business.

"Diversification is critical to future sustainability. Investing in companies that have the ingenuity to meet customers' dynamic demands will go a long way to ensuring our future profitability and success."

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