Rapaport Buys 50% Stake in Octahedron
The Rapaport Group said Thursday that it has purchased a 50 percent share in Octahedron Pty Ltd, a Web-based point-of-sale and business management software company for the jewelry industry.
Octahedron’s jewelry store management software increases productivity, efficiency, and profits, as it enables optimal management of company resources. Both parties said in a statement that “Jewelers across the globe will benefit from this new technology as the global reach of Octahedron is extended through its association with Rapaport.”
Octahedron, Brisbane, Australia, which already provides support services and training, said its relationship with Rapaport will enable the company to open two additional customer support desks in Las Vegas and India, allowing 24-hour first class customer support as the company’s products are introduced into the major United States and Indian markets. Clients will also have improved access to electronic markets, providing global sourcing as well as sophisticated market news and information, the companies said in the statement.
Octahedron will retain its brand identity and will operate independently of the Rapaport Group. Its head office will remain in Brisbane and all employees will remain with the company. For more information visit www.octahedron.com.au.