Octahedron sells 50% to Rapaport

As part of strategy to expand global operations
Octahedron sells 50% to Rapaport

Octahedron, an Australian jewelry-technology company delivering the Savings With Improved Management (SWIM) business-management software to jewellery retailers has 50 percent of its business shares to the Rapaport Group. The deal satisfies Octahedron’s ambition to expand in the international markets while Rapaport believes it delivers the benefits for technology to meet the challenges of change.

Octahedron was incorporated in 2001 by CEO Raeleen Gillett and today enjoys a market presence in the United States, United Kingdom, Spain, Pakistan, Monaco, Italy and New Zealand. Rapaport Chairman Martin Rapaport said Octahedron's software helps improve productivity, efficiency and profits for jewelers. The Rapaport deal will see Octahedron open 24-hour service customer-support offices in Las Vegas and India.

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