20% Growth in VAD Exclusive Networks Group Revenue
Reaching €150 million for 1H13
This is a Press Release edited by StorageNewsletter.com on September 20, 2013 at 3:03 pmExclusive Networks Group announced its revenues were €150 million for the first half of 2013 – a 20% jump on 2012 figures – with growth continuing to be supported by increased business from core vendors and emerging technologies alike.
The results remain on or above expectations for profits and revenue, and keep the group on track for hitting total annual revenues in 2013 of €334 million.
The results underline the company’s position as pan-European VAD, and represent another milestone toward the vision of achieving €1 billion annual revenues by 2017.
"We have a compelling proposition to attract new vendors looking for rapid European market penetration and expansion, whilst still demonstrating value to our established vendor partners. You cannot ignore the fact that these vendors simply don’t see a viable alternative to us," said Olivier Breittmayer, CEO, Exclusive Networks. "Our partners are telling us we beat the competition on sales lead generation, marketing and technical services; we are proactive rather than reactive; that only we have the focus of a niche specialist and the footprint of a major distributor."
The announcement of half-year results coincides with the appointment of Nicolas Trombert to the management team as director of corporate development. Formerly an investment manager at Credit Agricole Private Equity, his responsibilities involve identifying and evaluating strategic acquisition targets throughout the region.
"Nicolas is extremely talented and will make a valuable contribution to the business," added Breittmayer. "His appointment represents our intention to always be ready to capitalise upon opportunities that enable us to achieve our vision for billion Euro growth."
Exclusive Networks specialises in security, networking, infrastructure, and storage solutions for the ‘Smarter Social Enterprise’ and trades with over 4,200 reseller partners.
Headquartered in France, Exclusive Networks Group is present in over 14 other countries including UK, Germany, Italy, Austria, the Netherlands, Belgium, Spain, Portugal, Switzerland, Sweden, Norway, and Finland and across Francophone Africa.