Quadrem Africa 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.

This new company combines the global technology and buying power of Quadrem's community with the local supplier solutions and community of TradeWorld. Technology is being used as an enabler to address issues that confront South Africa and other Third World countries daily. They 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.

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.

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.

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 2007. 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.

Source: http://www.sdcexec.com/