Rectron acquires majority stake in Palladium

Rectron, a subsidiary of Mustek, has acquired a majority stake in enterprise resource planning software development company Palladium.

“Palladium aligns well with Rectron’s strategy to grow its cloud and software business,” said Spencer Chen, MD of Rectron.

“We believe that Rectron’s broad-based resellers will benefit from using the in-house-developed ERP software, as it is feature-packed with functionality that would ordinarily only be available to larger corporates.”

Palladium comes with a network of over 140 business partners in Africa.

“We believe that our partnership with Rectron will help us to catapult Palladium in the South African channel through its broad base of resellers,” said Palladium boss Stephen Corrigan.

Now read: How much money Software Developers and IT Managers earn in South Africa

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Rectron acquires majority stake in Palladium