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Exclusive Group expands financing & leasing services
2017-09-08

Exclusive Capital, the financing and leasing division of network and security VAD Exclusive Group, has announced that its wide range of flexible, innovative, value-generating services is now available in 20 countries worldwide. Fed by increasing market demand, its expanded geographical coverage has doubled in the last six months, benefiting thousands more reseller partners across EMEA with compelling opportunities to expand deal values and close sales more rapidly. "More partners are tuning in to the advantages enabled by IT financing and leasing services that increase the affordability of the latest disruptive technology solutions", said Franck Laga, managing director at Exclusive Capital. "Availability of our services in more places allows us to localise payment options in the context of global, multi-site deals. Vendors are also very supportive of our expansion because our services help address new cloud-based consumption models and allow customers to preserve capital and take advantage of record low interest rates around the world."

Following its launch in France in early 2015, Exclusive Capital quickly grew to incorporate local operations in Austria, Australia, Belux, Germany, Italy, New Zealand, Switzerland and the United Kingdom. The latest additions to its EMEA-wide scope include Denmark, Finland, the Netherlands, Norway, Portugal, Spain, Sweden, Turkey and the Middle East, swelling the total number of countries served to 20.

"In little over two years, Exclusive Capital's scale has grown to match our Group footprint, with the exception of Asia; a fantastic achievement but still a 'work-in-progress' that we intend to turn into a truly global offering", said Barrie Desmond, COO at Exclusive Group. "The popularity of our financing and leasing offerings reflect their outstanding relevance to enterprise decision-makers, making them the natural choice for smart reseller partners and the perfect complement to our other value-added services."

Attivo Networks and Spectrami deliver next-gen deception technology
2017-09-07

Attivo Networks, a specialist in deception for cybersecurity threat detection, has announced a strategic distribution partnership with network and security VAD Spectrami, to provide its next-generation deception solutions across Europe, Middle East and Africa. With a comprehensive portfolio of niche technologies and solutions covering information security, data centre infrastructure, data communication networks and storage management, Spectrami is one of the fastest-growing value added distributors based in the UAE and the United Kingdom to serve the channel across EMEA with local presence in Austria, Dubai, Germany, the Netherlands, Saudi Arabia and the United Kingdom. With the addition of Attivo to its portfolio, Spectrami will allow companies to take advantage of a reliable and proven to be the best line of defence that offers effective prevention and detection capabilities.

With the dramatic increase in breaches, the need for detecting inside-the-network threats that have bypassed perimeter security has grown swiftly. In response, Attivo's innovative approach to cyberthreat detection provides a comprehensive deception platform that provides accurate, early threat detection and accelerated cyber incident response to attacks such as inside-the-network BOTs and advanced persistent threats (APTs) that have side-stepped all other prevention systems. Traditional threat detection solutions monitor network traffic and look for suspicious attack behaviour based on known signature patterns. Taking a different approach, Attivo provides a non-disruptive, scalable solution that efficiently detects the presence of attackers, identifies their intent and provides intelligence to stop the attack. The deception platform includes a wide variety of deception techniques, decoys and engagement servers, and is designed for user networks, large data centres, VMware and Amazon Web Services (AWS) cloud and speciality environments such as industrial control system ICS-SCADA, point of sale (POS), Internet of things (IOT) and medical device networks.

"With cyberattacks growing in size and frequency, organisations across the region are facing imminent danger. Keeping this in mind, an increasing number of organisations are inclined to include advanced deception technology within their infrastructure. Therefore, we are delighted with our partnership with Attivo Networks, as it not only complements our existing portfolio, but its unique deception platform opens up several opportunities for us", said Anand Choudha, Managing Director at Spectrami. "With its strong leadership in the emerging space of deception solutions, Attivo Networks is a welcome addition to our security portfolio", stated Anas Handous, Director Global Alliances at Spectrami. "Through this EMEA partnership, we look forward to providing organisations with a choice of highly effective and game changing deception-based solutions, offering next level security against advanced cyberthreats."

"Targeted cyberattacks are increasing at an alarming rate making it clear that a new approach to cybersecurity is required", said Ray Kafity, Vice President META at Attivo Networks. "As organisations in the EMEA region make substantial efforts to strengthen their security posture, we are extremely pleased to partner with Spectrami. With Spectrami's expertise and steadfast delivery of security solutions across multiple markets and industries, we aim to help organisations close security gaps and develop a critical line of defence for detecting and responding to cyberattackers." (source: Intelligent Tech Channels)

Expansys shuts down consumer websites to focus on B2B drive
2017-09-06

Mobility and consumer electronics specialist Expansys has closed its consumer websites for customers in nearly 40 countries, as the business focuses on its B2B offering. The online consumer electronics retailer, which offers products including mobile handsets, tablets and accessories from dozens of manufacturers, has ceased these operations for consumers across Europe, Middle East, Africa and the Americas, with a message on each of the websites informing visitors of the move. The consumer websites remain open for customers in 11 countries across the continents of Asia and Australasia, including Australia, China, Hong Kong, Japan, Korea and Singapore. The B2B market in the EMEA region is covered from its offices in France, Italy and the United Kingdom. A statement from the online consumer electronics retailer said: "Expansys has been developing its e-commerce platform over the last few years to provide services to brands who want to drive a direct-to-consumer strategy. Furthermore the Expansys platform has also been developed to provide a B2B offering for brands and distributors alike utilising the global assets of Expansys. The websites trading as Expansys in UK, Europe and US have been closed to consumers as the business focusses on its software-as-a-service and B2B offering." (source: Mobile News United Kingdom)

SYNNEX to acquire large chunks of Westcon-Comstor
2017-09-05

American distributor SYNNEX Corporation and South African group Datatec have unveiled a definitive agreement in which SYNNEX will acquire Datatec's Westcon-Comstor Americas business and become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. "We believe this is a unique opportunity that is transformational to SYNNEX and is aligned to our strategy of positioning the business to where technology is growing. Westcon-Comstor is a recognized leader in the security, UCC and networking space", stated Kevin Murai, President and CEO of SYNNEX Corp. "The Westcon-Comstor brand has been built over time by a very deep and talented team and we are excited to welcome the Americas team to our family."

Jens Montanana, CEO of Datatec, stated: "I'm proud of our team and the business they have built over the past thirty years. The SYNNEX culture is similar to Westcon-Comstor and I'm excited about the opportunity to grow our businesses together on a global scale. We share a common vision and strategic objective in addressing the global complexities and emerging demands facing our partners."

Here are the transaction details and the impact of the acquisition to Consolidated SYNNEX Corporation Financials:

  • €460M in stock and €90M in cash at closing
  • Up to €185M earn out if certain financial targets are achieved through Feb 2018 - which will allow Datatec to own about 10% of SYNNEX
  • €27.7M for 10% ownership of Datatec's Westcon EMEA and APAC businesses (with an option to double that ownership, although no details have been unveiled on how and when). Synnex also gets first refusal on making an offer to acquire it in its entirety if Datatec ever looks to sell the remainder of the business in the future, out of which Datatec wishes to get better value in the future, once the (difficult as usually) SAP implementation in the region is achieved.
  • Approximately €106 million of net debt will be assumed and refinanced with the close of the transaction
  • Option to pay all cash, based on the average share price at closing
  • If stock is issued, the SNX Board of Directors will appoint Jens Montanana to the SYNNEX Board of Directors, subject to compliance with legal and regulatory requirements

"We are pleased to welcome a long-term shareholder like Datatec Ltd. The ownership structure serves us well as it aligns our collective long-term goals", stated Kevin Murai, President and CEO of SYNNEX Corp. "The composition of this transformative acquisition enables SYNNEX to further invest in long-term strategies to grow and diversify our business. Mr. Montanana brings to our board deep practical knowledge in doing business beyond North America."

For its fiscal year end ended February 28, 2017, the Westcon Americas business generated approximately €2B of revenue and approximately €82m in EBITDA. In the first 12 months after close, the Westcon Americas business, excluding integration costs, transaction expenses and intangible amortization, is expected to be mildly accretive to SYNNEX Non-GAAP EPS and then accelerate in year two. The transaction is expected to close in the third calendar quarter of 2017, subject to the satisfaction of regulatory requirements and customary closing conditions. Until the transaction is completed, the companies will continue to operate independently.

Ingram poised to further streamline EMEA back-office functions
2017-09-04

American broadliner Ingram Micro is set to move more processes to its service centre in Sofia as its pan-EMEA back office reshuffle continues, according to EMEA executive vice president Mark Snider. Ought to Snider, the firm has been streamlining processes in its warehouses for some time, but is now putting more of a focus on speeding up office functions, which will in turn put more demand on its services centre in Sofia, Bulgaria. The distributor has hired a "Lean" European director and in-country staff responsible for improving office efficiency. "We have this balancing act where, at the same time, we have implemented 'Lean' which allows us to go through the processes we have and streamline them. We do that in the warehouses… but we are doing that in the offices now - we have hired a Lean leader for Europe… and we have hired Lean people in different countries. The idea is the back office processes will become more concerned, because in a lot of distribution you have complex processes coming from vendors and from the customers and we tend to try to fit them as opposed to forcing all of them to fit us", said Snider. The total headcount at the Sofia centre, which provides back-office functions and standardised support across EMEA, has risen to more than 1,000 employees, a number which is likely to increase as the firm looks to streamline office functions across its EMEA territories.

"We have over 1,000 [people] now in Sofia. It works really well. There are some advantages to it, it is so close to the rest of Europe, it is inexpensive, it is a fast flight to get there or for them to come to European countries," Snider said. "It is less expensive than the local market and the advantages, as they do more of these back-end functions for Europe as time goes on, they start being able to streamline some of the processes that go there. They get better at doing these processes, so it is definitely part of the longer-term strategy to lay that out. What you can't do with automation, we find [do via] that group. We probably will grow the headcount in Sofia, but I think even more we are streamlining more functions at the same time."

In the past, consolidating in-country support functions across Europe has meant Ingram has had to lay off regional staff. In 2014, the firm announced a restructure process which saw its Sofia centre expand at the potential expense of jobs. Snider said that the firm is instead concentrating on ramping up headcount in areas such as cloud and commerce and fulfilment. "It seems to be so far that the roles evolve into more of these strategic roles so they are less administrative. There have been cuts here and there, but when you take a look at the overall population in some countries, they have morphed into [being] more strategic and coming more into the cloud area as that continues to grow. The commerce and fulfilment solution area is a real growing area for us, so that is growing as well from a headcount perspective", concludes Mark Snider (source: Channelnomics Europe).

 

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