Rectron acquires stake in proudly South African software developer Palladium
Rectron, a wholly owned subsidiary of Mustek, a company listed on the JSE, is proud to announce it has acquired a majority stake in leading ERP software development company, Palladium, strengthening its software proposition in the South African channel.
"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, Managing Director 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 Stephen Corrigan, who has 25 years of experience in the ERP software industry. "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."
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. With the recent spate of global ransomware attacks, 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.
With a network of over 140 business partners throughout Africa, Palladium has developed a strong reputation among some well-known household brands, both locally and internationally.
"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."