Exclusive Networks acquires Secureway

_LOGO-OK-2EMEA’s largest independent VAD continues its expansion and acquired Dubai-based leading security specialist value added distributor in the region Secureway Network Distributors, who employs a team of 60 at offices in Dubai and Riyadh, and is experiencing impressive growth.

The acquisition creates the largest pan-EMEA value added distributor of disruptive security, unified communications and infrastructure technologies, and presents huge opportunities for vendor and reseller partners alike. Following the acquisition of Secureway, the Group’s annual revenue target for 2013 has been revised to €400m and the company intends to reach the revenues of €1bn by 2017 by growing organically as well as inorganically by acquiring more companies.

“Secureway is a successful, well-run company and a good strategic fit for us, enabling access to a profitable and fast-growing group of new markets that extend our reach and stand us apart as the choice of VAD partner for vendors targeting rapid expansion across EMEA. Secureway’s legacy of growth, market position and thought leadership echoes our existing culture and shares many similarities with businesses we have acquired in the past.” said Olivier Breittmayer, CEO of Exclusive Networks Group.

“We have built a solid business value model across Middle East and this is the right time to start a new chapter in that success,” said Fari Boustantchi, CEO of Secureway, who will continue his current responsibilities in the position of Regional CEO for Exclusive Networks Group’s Middle East region. “We are certain the acquisition will add significant value to resellers across the region as well as to existing and prospective vendor partners.”