Brisbane jewellery software company goes global
Friday, February 22, 2008 - Octahedron
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An Australian jewellery technology company is on the path to fast-tracked international success following the sale of a 50% share holding to American diamond trading network, the Rapaport Group.
The move by Brisbane-based Octahedron, makers of SWIM business management software for jewellers, follows several years of continued growth both at home and overseas.
Octahedron founder and CEO Raeleen Gillett said that when the business was established in 2001, it was always the long-term intention to reach the global market place. While through its own marketing the company had already made a small percentage of sales in the USA, UK, Japan, Spain, Pakistan, Monaco, Italy and New Zealand, Ms Gillett said joining forces with Rapaport meant Octahedron could now forge real growth across international markets.
The deal follows a partnership with Modern India Ltd to become Octahedron's first re-seller, marketing SWIM (Savings With Improved Management) throughout India.
Rapaport Chairman Martin Rapaport said Octahedron's innovative jewellery store management software increased productivity, efficiency and profits for jewellers.
"Octahedron has already earned international recognition for its cutting-edge technology that provides advanced inventory management solutions to jewellery stores around the globe," he said.
"While the company is already known for its personal customer support and superior training facilities, the relationship with Rapaport will enable Octahedron to open two additional customer support desks in Las Vegas and India. This will allow 24-hour customer support as the company's products are introduced into the major United States and Indian markets."
Mr Rapaport said that through the new association, Octahedron clients would also enjoy improved access to electronic markets and global sourcing plus sophisticated market news and information.
"The Rapaport Group and Octahedron share a common vision that embraces the benefits of technology to meet the challenges of change," he said. "Octahedron also shares our values of honesty, transparency and a total commitment to improving the business of our clients."
Ms Gillett said Octahedron would retain its current young and dynamic team of experts in jewellery technology, continuing to operate independently from its Brisbane headquarters.
The Rapaport Group is an international network of companies committed to providing added value services that support the development of free, fair and competitive global diamond markets. Group activities include publishing, Internet information and trading networks, rough and polished diamond trading services, international buying, quality-control and compliance services, shipping and financing services and research and marketing services. The publishing division is best know for its Rapaport Diamond Report - the primary source of diamond pricing and market information for the diamond industry.