cl-nz logo
Story image

Express Data ANZ sold to big Aussie distie

Express Data has been sold, with Australian distributor Dicker Data announcing its acquisition of the company today.

In an announcement to the Australian Stock Exchange this morning, Dicker Data said it has entered into a share purchase agreement to acquire 100% of the issued capital of Express Data Holdings, with the acquisition including both the Australian and New Zealand operations, and Express Online.

Dicker Data is a long-standing Australian distributor, whose portfolio includes HP, Toshiba, Asus, Lenovo and Microsoft among others.

In a letter to resellers posted on Dicker Data's site, David Dicker, Dicker Data chief executive, says Express Data's operations will be integrated into Dicker Data 'as quickly as we can' after the completion of the deal on April 01.

“As you can imagine, I am extremely happy with this result,” Dicker says.

“There is almost no product overlap between the two companies, so we are in a position to make our relationships with you considerably broader and stronger,” he adds.

The deal is scheduled to complete on April 01, subject to certain conditions being met. An extraordinary general meeting has been called for Dicker Data shareholders, expected to take place in mid-March.

Last month Phil Presnall, Express Data New Zealand general manager of sales and marketing, told The Channel that the 2013 financial year, ending 30 September, had been the company's biggest ever here, with revenue from sale of goods sitting at $138.7 million and the company experiencing double digit growth through Q1 of F14.

Story image
CrowdStrike announces two executive hires, with aim to expand in A/NZ
The endpoint protection company says both executives will be responsible for boosting customer experience (CX) while delivering success mutually with CrowdStrike’s partner team as part of their new roles.More
Story image
Blue Prism calls out IBM as exceptional partner
Blue Prism has announced that IBM has received its second Certified Gold Service Provider status as the company expands on go-to-market capabilities for intelligent automation solutions.More
Story image
Westcon Group reaps $221.5m revenue
Westcon Group New Zealand’s financial statement reveals revenue of $221.5 million for the year ended 29 February 2020, with after-income tax profit grossing $2.7 million. Both revenue and profit are up from the 2019 year, in which revenue was $211.6 million and after-income tax of $1.6 million. The company’s revenue comes from sales of goods, sales of service, and commission received from the sale of maintenance service. Sales of goods for the 2020 year totalled $216.7 million, up from $206.8 million in 2019. Additionally, revenue resulting from sale of service totalled $883,606 – up from $861,358 in 2018. Commission received from sale of maintenance service topped $3.89 million, a drop of only a few thousand dollars compared to 2019 figures. Westcon’s purchases for the 2019 cost $202.7 million, up from $194 million in 2019. Employee benefits expense cost $12.7 million, up from $12.6 million in 2019. The company paid no dividends for the financial period. There are 1000 ordinary shares in the market. Referencing the COVID-19 pandemic, the financial statement says that it is not possible to estimate the short- and long-term effects of the economic impact. “This being the case we do not consider it practicable to provide a quantitative or qualitative estimate of the potential impact of this outbreak at this time.” *Some figures have been rounded.More
Story image
Fortinet holds position as fastest-growing SD-WAN vendor
According to a new Omida report, the company has seen a 247% revenue growth year-on-year. Plus, Fortinet announces Fortigate 80F.More
Story image
D-Link A/NZ extends COVR Wi-Fi Certified EasyMesh System
Adding these new options now allows the extension of the COVR Wi-Fi network to cover any home or home office with D-Link’s mesh Wi-Fi solution.More
Download image
Ultimate security: The best authentication just got better
Cloud applications can hold sensitive data, and top-notch authentication is key. But having separate tools for separate applications can be cumbersome - here's how to overcome that.More