Exclusive Networks achieved its first ever €1bn quarter in Q4 – its first full quarter as a public company following its successful IPO in Sep 2021.
The 14.1% year-on-year rise in Q4 revenues to €1.0 billion was generated by existing vendors (46%), vendor expansion (31%), new vendors (6%) and acquisitions (23%).
Revenue for the year as a whole rose 15.1% year-on-year to €3.3 billion.
Jesper Trolle, Chief Executive Officer, said: “For the first time in its history, Exclusive Networks exceeded E1 billion of Gross Sales in a quarter. This is not just a symbolic milestone in our journey but again demonstrates our success in addressing the compelling demand for cybersecurity solutions and offering the optimal go to market platform to guide customers in the ever-changing environment with best-in-class solutions.
“The migration to cloud and its associated complexity represents a great growth opportunity as it allows us to get even closer to vendors, partners and end customers.”
He added: “During the quarter and in continuity with our third quarter 2021, demand was strong in the enterprise market and with a higher number of large contracts, notably in the Americas and EMEA. Over the year, we increased our global partner network by 12% and expanded our geographical presence with strategic vendors, such as Fortinet, F5, Juniper, Netskope and Palo Alto.
“Within the quarter, we also added the solutions of new vendors Security Score Card, Docker, Salt Security and Entrust to enrich our cybersecurity offering. And in December 2021, we successfully closed the acquisition of Networks Unlimited, a major Sub-Saharan value-added distributor that enables us to get a deep footprint in 38 African markets with cybersecurity and infrastructure solutions.”