Exclusive Networks Group Opens Gateway to Middle East With Acquisition of SecurewayNovember 19, 2013
EMEA’s largest independent VAD continues expansion and opens up clear water from competitors
PARIS, FRANCE–(Marketwired – Nov 18, 2013) – Exclusive Networks Group today announced its acquisition of Dubai-based Secureway Network Distributors, the leading security specialist value added distributor in the Middle East region. 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.
“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,” said Olivier Breittmayer, CEO of Exclusive Networks Group. “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.”
Secureway currently employs a team of 60 at offices in Dubai and Riyadh, and is experiencing impressive growth. “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.”
Exclusive Networks Group has recently announced new investment to support future acquisitions, with Secureway emerging as the first of these. The company maintains its stated aim to make three acquisitions per year, and to reach revenues of EUR1bn by 2017. Following the acquisition of Secureway, the Group’s annual revenue target for 2013 has been revised to EUR400m.