The Rapaport Group has bought a 50 percent share in software company Octahedron Pty Ltd., a move that will increase the reach of Octahedron's inventory-management software to jewelers across the globe.
Octahedron, a company whose products offer Web-based point-of-sale and business-management solutions, has earned an international reputation for its cutting-edge technology in advanced inventory management, and is also known for its personal customer support and training facilities, according to a Rapaport Group media release.
In addition to expanding Octahedron's reach, the new partnership will allow the software company to open two additional support desks in Las Vegas and India, allowing for 24-hour customer support as the company's products are introduced into the major U.S. and Indian markets.
"Octahedron is a first-class company with excellent technology and management," Rapaport Group Chairman Martin Rapaport said in a statement. "Jewelers across the globe will use Octahedron's software to increase productivity and profits. The Rapaport Group and Octahedron share a common vision that embraces the benefits of technology to meet the challenges of change. Octahedron also shares our values of honesty, transparency and a total commitment to improving the business of our clients."
Octahedron will retain its own brand identity and will operate independently of the Rapaport Group. The company's head office will remain in Brisbane, Australia, and all employees will remain with the company.
Source: nationaljewelernetwork
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