Exclusive Networks Targets Asia-Pacific with Acquisition of Australian VAD WhiteGold Solutions
Group reaches significant milestone in expansion towards 1bn€ revenue target; addresses needs of global vendors and partners
PARIS, FRANCE & SYDNEY, AUSTRALIA – August 1st, 2014 - Exclusive Networks Group today announced its acquisition of Sydney-headquartered WhiteGold Solutions, the leading independent value added distributor of IT security, networking, converged infrastructure and datacentre solutions for the Australia/New Zealand enterprise channel. The acquisition is the Group’s first outside EMEA and reflects the continuing success of the Exclusive Networks business model, as well as signalling its new long-term strategy to expand operations throughout the Asia-Pacific market.
“This is a landmark moment in our international expansion that underlines our commitment to global vendor and reseller partners, and demonstrates our belief in the sustainability of our business model. Other distribution business models naturally dilute their ability to create value as they expand – ours does the opposite,” said Olivier Breittmayer, CEO of Exclusive Networks Group. “WhiteGold Solutions is a very successful and well-managed business growing at around 60% each year and ideally placed to become our gateway for expanding operations throughout the wider region. Its business is grounded in a remarkably familiar business philosophy, echoing many of the approaches to marketing and technical support that form our blueprint for true value-added distribution for disruptive technology vendors.”
*Source: IDC, March 2013