The consolidation in technology distribution space is on and Exclusive Group, the holding company behind Exclusive Networks continued its buying spree by acquiring Silicon Valley-headquartered cybersecurity value added distributor, Fine Tec for $230m.
“This will be a major step forward for our global proposition as we harness US-based skills, resources and relationships to support the execution of worldwide deals with large systems integrator partners and to advance our unique formula into the domestic market,” said Olivier Breittmayer, CEO at Exclusive Group.
In a statement the company said, Fine Tec is an operationally excellent business and with its successful integration with Exclusive Group, the group expects its revenue for the full year 2017 to hit $2bn mark.
“This is great news for everyone connected with Fine Tec family as it validates the approach we’ve taken to value-added distribution in the US for nearly 20 years,” said James Shen, President & CEO at Fine Tec. “The Exclusive Group story is well known and we’ve admired it from afar, but now with the Group’s global reach and resources it opens up many new opportunities for our partners. It really is an exciting time as there is true opportunity to extend the disruptive distribution model to the US, whilst the ambition for us to grow internationally is finally realised.”
