HOME Tech Data reseller rides credit elevator to top floor
Distributor Tech Data has seen one of its UK customers reach the new £1m (US$1.36m) top line of its credit elevator programme. Tech Data claims that this underlines the need for the scheme and how effective it can be in giving businesses the ability to step up to height limits without having to go through repeated reassessments. The reseller concerned had been on the previous accelerator programme but stepped up to the new scheme when it was launched in February.
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Distributor Exertis plans to start distributing a wide range of core electrical products in the UK. Established and emerging vendors will be on-boarded in the coming weeks. The category will sit within Exertis’ consumer business unit and will be headed up by Harriet Croft who has joined from Argos. Exertis will initially focus on the small domestic appliance (SDA) and electronic personal care (EPC) categories.
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CMS Distribution sales exceed US$600m in 2017
Storit Limited, the holding company of CMS Distribution, boosted sales 38% in calendar 2017 to hit US$606.5m with pre-tax profits up 40% year-on-year at US$23.5m – a pre-tax profit margin of 3.9%. Frank Salmon, founder and CEO of Storit, said: “In February 2017, we were delighted to welcome TNS Connect into the Group. The TNS team are experts in emerging consumer technologies with an impressive portfolio of vendors and customers stretching worldwide. This acquisition has allowed CMS to expand into the Asia Pacific region as we continue our global growth trajectory.”
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DNS President Dmitry Alexeev confirmed to deliver GameChanger keynote at DISTREE Russia 2018
DISTREE Russia has confirmed that leading retailer DNS will deliver a GameChanger keynote presentation at this year’s 15th anniversary event, which takes place in Moscow on May 30th to June 1st, 2018. Dmitry Alexeev, President, DNS Group of Companies, will deliver the keynote presentation entitled: ‘Does the Digital Channel have a Future?’ The presentation will cover the evolution of digital channels in Russia, exploring possible scenarios for future development, assessing the risks and opportunities for future business development.
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Arrow Electronics adds Tenable rights across EMEA
Arrow Electronics has announced an EMEA distribution agreement with Tenable to distribute the company’s cybersecurity products. In 2017, Tenable launched Tenable.io, the first cyber exposure platform to provide visibility into any asset on any computing platform, including public cloud environments, and purpose-built applications for vulnerability management, container security and web application scanning.
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Nuvias adds pan-European rights for FireEye
Nuvias, the fast-growing VAD, has signed a pan-European distribution agreement with FireEye, the intelligence-led security company. Nuvias will aim to play a key role in driving further adoption of the FireEye product portfolio. The agreement is initially focused on markets in the UK and Ireland, Germany, Switzerland, Austria, France and the Netherlands. It will eventually cover the whole of Europe. FireEye is a major addition to the growing Nuvias security practice.
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ELKO sales exceed US$1.5 billion in 2017
Emerging markets distributor ELKO’s sales hit US$1.593 billion in 2017 – up 9.1% year-on-year. Elko claims that entering new markets and expanding its product range helped it outstrip the overall market growth rate. Net profits for 2017 were up 62% year-on-year at US$14m – a net profit margin of 0.88%. Sales in Central & Eastern Europe were up 6% year-on-year at US$525m, with CIS sales climbing 5.3% to US$901m and Baltic States’ revenues jumping 8.8% to US$118m.
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Nuvias, the fast-growing EMEA VAD, has opened a new 13,500 square foot EMEA headquarters in Surrey, UK. The move is the latest step in the rapid growth of the company, following its foundation in 2015. Paul Eccleston, CEO at Nuvias, commented: “The new EMEA headquarters in Woking is part of our ongoing plans for growth and increased EMEA reach. It will be a focal point for EMEA-wide activities and a centre for training and development, as well as a location for hosting strategic meetings with our customers and vendor partners. It is also available as a resource centre for all our partners.”
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Distributor giant ALSO is driving forward its transformation with the creation of two new functions that will both report directly to group management. Reiner Schwitzki, who has been spokesman of the management board of ALSO Germany for the last seven years, will be appointed chief process officer (CPO) with immediate effect. At the same time, Hermann Scharl, who has been head of logistics at ALSO Germany for the last 15 years, will become chief logistics officer (CLO).
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Hume to become CEO at Tech Data
Distribution giant Tech Data has announced that Rich Hume, executive VP and COO will become CEO effective June 6, 2018 and has been nominated to join the company’s board of directors. Hume will succeed Bob Dutkowsky, who will transition to the role of executive chairman of the board. Hume joined Tech Data in 2016 as executive VP and COO. Since then, he has played a pivotal role in the creation of the company’s long-term strategy.
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