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Quadrem Africa Connects SMEs to Global Marketplace
Merger forms world's largest Black-owned digital
marketplace, largest online marketplace in Africa
Johannesburg, South Africa — September 28, 2009 —
Quadrem International of Amsterdam and Tactical Software
Systems (TSS), based in Gauteng, South Africa, have
merged their South African subsidiaries, Quadrem Africa
and TradeWorld, into a new company, Quadrem Africa,
which will be the world's largest Black-owned digital
marketplace, the largest provider of trade leads in the
continent of Africa and the largest online marketplace
in Africa.
The majority of the shares of the new Quadrem Africa are
owned by TSS, one of the leading Black-owned ICT
companies in South Africa. TSS CEO Danny Mackay will be
appointed as the chairman of the new company. Quadrem
Africa will have 90 employees and a customer base of
more than 13,000 organizations from both the public and
private sector.
The new company results from cooperative efforts between
Quadrem Africa and TradeWorld that have delivered 35
percent compounded growth for each business during the
past four years. "The commercial synergies and
complimentary expertise of both organizations
demonstrate a model of black economic empowerment (BEE)
that works well," the two companies said in a statement
announcing the merger.
Technology as Enabler
According to Mackay: "This new company combines the
global technology and buying power of Quadrem's
community with the local supplier solutions and
community of TradeWorld. We are using technology as an
enabler to address issues that confront South Africa and
other Third World countries daily. We now have the
capability, reach and scope to bring thousands of small
and medium-size businesses into the domain of world
class sourcing and procurement."
Added Mackay: "We in the developing world need to be
more exposed not to capital, but to opportunities.
Quadrem Africa provides the opportunity for small and
midsize companies to grow and prosper."
Quadrem Africa provides the largest online marketplace
in all of Africa. More than 350,000 purchase orders and
600,000 requests for quotation worth $850 million are
transacted within the marketplace community each year.
The community includes 13,000 local suppliers and 70
local purchasing entities, including buyers from Anglo
American and Newmont Mining.
Additionally, Quadrem Africa's community is connected to
the larger global e-marketplace community of Quadrem
International, which includes 600 buying locations
representing 30 Global 1000 companies and processes $13
billion in annualized purchase order volume.
Taking SMEs Global
Quadrem International has pointed to its efforts to
connect smaller suppliers around the world to a global
buying community. Many small suppliers have been
isolated from the "Internet revolution" thus far and
have found themselves challenged to span this "digital
divide." In the case of Africa, there are approximately
75,000 small and midsize enterprises (SMEs) in South
Africa alone, and ensuring that this growing base of
suppliers is able to access main stream procurement
activities is a challenge facing big business and
government in the region.
Quadrem Africa said it plans to be the premier service
provider to connect global and local buying
organizations with this SME community. Expansion plans
are already underway for Quadrem Africa to enter other
African countries during 2009. These countries include
Ghana, Botswana, Mozambique, Nigeria and Namibia.
Similarly, Quadrem International sees the merger as
supporting its mission of connecting Global 1000 buying
organizations with suppliers of all sizes in every
region of the globe.
"Quadrem Africa is one outstanding example of our
ability, over the past six years, to enable tens of
thousands of small and midsize companies, no matter how
technologically unsupported or unsophisticated, to
supply worldwide markets with their products and
services," said Charles Jackson, CEO of Quadrem
International. "We are in the process of expanding to
five additional African countries and will begin to
announce them over the next few months." |
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