Distributor Exclusive Networks has reported it has outperformed the revenue expectations by 5% in the first six month of 2014, with the revenue standing at €232m. Year-on-year the revenue went up by 27%, it says.
Such an organic growth was partly facilitated by strong performance of Exclusive’s main vendors as well as a return to growth the company’s business in southern part of Europe. Also, the continuing acquisition drive contributed to positive results in H1.
“Organic growth has been well ahead of our expectations, and this is coming from many sources: strong performance in core vendors like Fortinet, Arbor, FireEye, and Palo alto Networks, a return to growth in our southern European business, and a tremendous amount of traction in our Big Technology venture that targets the datacentre transformation market,” says Olivier Breittmayer, CEO of Exclusive Networks Group.
“Recent acquisitions to grow the Exclusive family are also performing well, and have extended our geographic footprint across EMEA and now into Asia-Pacific with the recently announced acquisition of White Gold, the highly successful Australia and New Zealand based security VAD. This market diversity has the effect of making us even more resilient to regional economic variations, whilst strengthening our proposition to our vendor portfolio, many of which outperform market growth rates,” he adds.
