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Rectron acquires stake in software developer Palladium

Rectron announces its acquisition of ERP software development company Palladium. 

Stephen Corrigan

 

JSE-listed company Rectron, owned by the Mustek Group, has acquired a majority stake in South African ERP software development company Palladium. This will strengthen their software proposition in the South African channel, according to the reseller.

Managing director of Rectron, Spencer Chen, says they are extremely excited about their investment in Palladium, and making their mark in the 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 leads Palladium, with 25 years of experience in the software industry. “Until now Palladium has been regarded as South Africa’s best kept secret and we believe our partnership with Rectron will help us to catapult Palladium in the South African channel through its broad base of resellers."

Palladium has an upper hand 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. It also currently offers a hosted solution and with a full cloud solution on the way, it is considered well poised for growth in the South African market. The ERP company has over 140 business partners in Africa, it said in a statement.

“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.”

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