Paradigm Group, a specialist information and communications technology company, today announced that it has entered into a definitive agreement with Rapid Response, an award winning mobile emergency application provider, to acquire an equity stake in Rapid Response for an undisclosed amount.
The Rapid Response service was founded by Marlize Holtzhausen and Gerrit Cloete and has experienced tremendous growth since its inception in 2013.
Paradigm Group will bring complementary competences to Rapid Response in the form of ICT services, enabling them to consolidate their strong market position and execute on their business strategy.
"Looking at what Marlize and her team have achieved in such a short period of time, we believe wholeheartedly that Rapid Response will be a market leader in their field and grow to become a successful global brand," said Nolan Daniel, director of Paradigm Group. "Our investment in Rapid Response aligns with a broader strategic plan focused on finding and investing in innovative South African technology companies."
Commenting on the announcement, Holtzhausen, director at Rapid Response, said: "Considering the high level of interest we have experienced in Rapid Response, it is essential to ensure that we can meet the growing needs of the marketplace to further differentiate and establish our offering. There is great synergy between our two companies and Paradigm Group's innovative approach to technology reverberates Rapid Response's."
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