Groom Kennedy has advised Profectus Group, a leading technology-driven services provider of compliance and recovery solutions, on the sale of its rebate deal management (RDM) platform to Enable, the collaborative rebate management platform.
As part of the deal, Enable will acquire and be responsible for the ongoing operation of Profectus' RDM platform and working with new and existing customers. These customers include some of Australia and New Zealand's largest retailers, such as Officeworks, GPC, Super Retail, and more. The partnership also ensures Enable's existing customers can gain access to leading auditing and compliance technologies and services from Profectus.
For Profectus, the agreement extends the Australian-headquartered company’s services to a global market and allows them to begin working on the compliance and audit side with Enable's existing customers. Furthermore, as part of the agreement Profectus will obtain an equity stake in Enable.
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