Exclusive Networks has expanded into Central and Eastern Europe (CEE) and strengthened its existing Hong Kong operation with the acquisitions of two VADs – Veracomp in Poland and JINET in Hong Kong.
Veracomp has offices in Poland, Romania, Czech Republic, Slovakia, Serbia, Croatia, Slovenia, Bosnia and Herzegovina, Hungary and Bulgaria and an annual turnover of approximately €300m, 75% of which derives from cyber and cloud.
It has a customer base of more than 3,000 resellers and has many of the same vendor relationships as Exclusive Networks, including Fortinet, F5 Networks and Infoblox.
The Group also includes a Poland-based training company, Compendium, which offers over 1,000 vendor-authorised training courses.
The transaction, subject to regulatory approval and other conditions, is expected to close in the fourth quarter of 2020.
Exclusive Networks has also announced the acquisition of Hong Kong-based JJNET, which it plans to combine with its existing local office (opened in 2019) to create a cyber security infrastructure specialist focused on regional expansion into North East Asia.
The combined Exclusive Networks Hong Kong, with a headcount of 30, will report to Exclusive’s APAC division based in Singapore.
The acquisition is Exclusive’s first in the APAC region since the purchase of Transition Systems in 2016 and complements its operations in Australia, New Zealand, Singapore, India, Vietnam, Malaysia, the Philippines, Indonesia and Thailand.