Rectron has acquired a majority stake in ERP software development company, Palladium.
“We are extremely excited about our investment in Palladium and making our mark in the growing South African software ecosystem. Palladium aligns well with Rectron’s strategy to grow its cloud and software business,” says Spencer Chen, MD of Rectron.
“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.”
Palladium is a proudly South African company, led by 25-year ERP veteran Stephen Corrigan.
“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,” COrrign says.
“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.”
Palladium is unique in the ERP space, with the product having been developed on Microsoft’s latest platforms and currently being one of the few ERP software solutions that is certified for Windows 10. Palladium offers a hosted solution and with a full cloud solution on the way, it is well poised for growth in the South African market.
Palladium has a network of more than 140 business partners throughout Africa.
“Diversification is critical to future sustainability,” says Gerhard Malan, financial director of Rectron. “Investing in companies that have the ingenuity to meet customers’ dynamic demands will go a long way to ensuring our future profitability and success.”