Powerlinx signs agreement with SABLE Accelerator

Powerlinx will match South African companies with global partners.

Powerlinx Inc. has signed an agreement with SABLE Accelerator, (South African Business Link to Experts) to provide a scalable way for South African companies, research centers and institutions to quickly identify and engage with strategic growth opportunities domestically and globally. The goal of the agreement is to more rapidly commercialize innovation, attract foreign investment, and develop global markets.

SABLE Accelerator is a Silicon-Valley based global resource network of expat South African consultants, investors, and domain experts. By integrating the Powerlinx global business-to-business matchmaking platform into its website, SABLE Accelerator is applying disruptive innovation and radical efficiency to a business development and alliance building process that is typically complex, costly and time-intensive for businesses and new venture start-ups.

South African entrepreneurs, enterprises and innovators now have a powerful new way to connect with customers, capital sources and partners globally using a big data analytics service that intelligently matches them with relevant and compatible growth opportunities from a database of more than 15 million qualified prospects.

Based in New York, and with its technology headquartered in Tel Aviv, Powerlinx is led and backed by a world-class group of founders with an instinctive and intuitive understanding of the needs of the global business market, an experienced team of big data technologists, search specialists and information service experts,. The company is previewing its opportunity sourcing service in a meeting of SABLE Network members at the law firm of Wilson Sonsini Goodrich & Rosati in Palo Alto, California.

Initial pilot users of Powerlinx include a number of emerging South African growth companies, including Malva Pudding, Delta Steam, Business Optics, Ecoloblue, Cognician, Cape Ray, Disruptivevision, Questr, Virtualmobiletech, GoMetro, SoftCopy, and XMPro.

Well be empowering South African companies to be more self-directed and effective in global partnering and international market access by enabling them to seamlessly find, connect and act on verified opportunities to grow their businesses globally, said SABLE Accelerator managing partner Donovan Neale-May,.

Most companies, including the 230 million that make up the global business market, do not have an effective, trusted online platform to automate business partnering, alliance building and organic and inorganic growth, notes Powerlinx CEO Doron Cohen. They continue to work within inefficient, tedious and expensive processes for research and outreach, along with hiring of outside bankers and brokers, to fulfill their expansion goals. Powerlinxs cutting-edge platform completely transforms that process by enabling business owners and leaders to discover growth opportunities on a global scale."

SABLEs Powerlinx sign-up process includes a short initial assessment online of the registrants strategic objectives looking at areas such as business partnering, distribution development, new market entry, geo-expansion, product diversification, supplier sourcing, capital raising/financing, acquisition or sale, intellectual property licensing, or exit planning. This is done simply and easily online with question prompts.

Powerlinx then algorithmically finds a set of suitable matches from its global database of 15 million profiles and submits them for review by the registrant. Once a SABLE registrant has approved a potential match, Powerlinx facilitates the introduction. Initially, SABLE will offer the service on a free-trial basis for a limited number of members. Once registered, South African companies can continually track the status of their matches for all objectives posted, as well as be introduced to other companies seeking similar connections.

Published by Globes [online], Israel business news - www.globes-online.com - on May 8, 2014

Copyright of Globes Publisher Itonut (1983) Ltd. 2014

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