Veracomp has signed an agreement to sell its entire value-added distribution group to Exclusive Networks
The transaction is subject to several conditions including regulatory approvals and is expected to be closed in the fourth quarter of 2020.
With a direct presence in 10 countries of Central and Eastern Europe (CEE) and serving neighboring countries, Veracomp will allow Exclusive Networks to create a new region at the heart of its EMEA operations. The global distributor has already 50 offices worldwide and offers its services in over 100 countries.
Veracomp has built its position on business and technology consultancy, as the largest pure Value Added Distributor in CEE and has strong capabilities to help his business partners to grow further in this region.
“The Exclusive Networks story began in Europe and since expanding globally across EMEA, APAC and North America it is now time to expand further into Central and Eastern Europe, which was always in our growth plans,” said Olivier Breittmayer, CEO at Exclusive Networks. “Acquiring an established distribution group is the best way to accelerate our presence into this new region and we see great opportunities for our strategic vendor and GSI partners as we invest in building on Veracomp’s strong foundations. There is already a strong cultural fit and operational alignment between the two organizations, but our plan – as ever – is to support continuing success rather than impose new structures. This includes key Veracomp management remaining in their current roles to ensure continuity and execute on an accelerated growth plan. Veracomp has amassed vast experience and an outstanding reputation for almost 30 years and we are committed to adding to this legacy by extending our advanced global cybersecurity infrastructure expertise and value-based services to benefit partners, customers, and employees.”
For Veracomp Partners the fact that the company is becoming the part of Exclusive Networks is a guarantee of maintaining the existing cooperation conditions and additionally of access to broad technology and marketing competences coming from global operations from various mature and emerging markets across five continents
“This is a very positive step forward for Veracomp and everyone connected to the business,” said Adam Rudowski, CEO at Veracomp. “Teaming up with Exclusive Networks shows that our approach has been working and allows us to contribute our expertise to a truly global mission while continuing to target growth and create more value in the channel. There are great opportunities for existing and potential vendor and reseller partners to increase scale in the CEE region, and for our people to write a new chapter in Veracomp’s fantastic success story.”
About Exclusive Networks
Exclusive Networks is the global ‘value-creating’ specialist distributor for cybersecurity and cloud solutions – the defining and interdependent technologies of the digital era. The company is present in over 100 countries and has 50 offices across five continents, recording dynamic growth in revenues in each region. In 2019, the value of sales of solutions from the Exclusive Networks offer amounted to EUR 2.4 billion and was by 17% higher than in the previous year. Its capabilities are backed by best-of-breed vendor portfolios, unparalleled skills, and a host of compelling services from pre and post-sales technical support to leasing, training, professional services, and global project management. Exclusive Networks has a unique ‘local sale, global scale’ model, creating value and enabling partners to achieve global reach while delivering the value of a locally-focused specialist distributor. More at www.exclusive-networks.com