A change of ownership means Snappernet will now come under the sole directorship of Richard Paul after former co-directors Mark Forbes and John Gould sold their stakes in the company.

Paul says after nine years in general management, he is now ready to “take the bull by the horns”.

Forbes and Gould are giving up their stake in the company in lieu of personal priorities and other business opportunities, with Gould highlighting the time was right for a buyout.

“Richard [Paul] was the driving force behind SnapperNet and from my point of view I felt it was time to move on and give Richard the opportunity to further develop what I think has become a successful and well-regarded company,” says Gould.

SnapperNet started out as an offshoot of Ultra Computer Company in 2000. It has now grown to represent brands such as LevelOne, Micronet, Raritan, QNAP, Draytek, Sena, Patton Electronics, McAfee, and snom, while supporting over 800 resellers.

Forbes says that given the conditions over the last 12 months, SnapperNet is in good shape.

Paul added that after a flat first half of 2009, the company has been pleasantly surprised with the rest of the year, and is currently ahead of its end of year targets.

“2010 will be focused on trying to maintain that momentum while looking at some workflow efficiencies to improve our service performance,” he says.