Exclusive Networks Announces a Major Step in Its Growth Strategy in APAC with NEXTGEN Group Acquisition
March 28 2024 - 2:00AM
Business Wire
Regulatory News:
Exclusive Networks (Euronext Paris: EXN), a global leader in
cybersecurity, announced the signature of a binding agreement for
the acquisition of 100% of the share capital of NEXTGEN Group
(“NEXTGEN”), a leading hyper-growth channel services company
focused on cybersecurity, data resiliency and digital enterprise in
Australia and New Zealand with presence across APAC.
Headquartered in Sydney, Australia, NEXTGEN was founded in 2011
and has 190 employees across APAC. In FY-23, ending June 30th,
2023, NEXTGEN generated Gross Sales of AU$266m (€160 m), with
expected double-digit growth for the years to come.
This operation fits perfectly with Exclusive Networks’ external
growth strategy.
NEXTGEN presents a promising hyper growth vendor portfolio,
coupled with a wide array of services. This value-enhancing
transaction will make Exclusive Networks a clear go to market
leader in Australia and New Zealand generating commercial and
financial synergies thanks to the complementarity nature of the two
companies.
The combination of NEXTGEN and Exclusive Networks will offer
unique end-to-end value-added channel management services,
supported by real-time data analytics and AI-backed insights,
benefiting the entire APAC region and providing Exclusive Networks
with the ability to roll-out digital channel services at a global
scale.
NEXTGEN’s strong expertise in cloud migration assessment,
digital marketing and lead generation solutions will expand
Exclusive Networks’ value proposition by leveraging NEXTGEN's
in-house state-of-the-art platforms and developed initiatives with
hyperscalers, laying the foundations for the next phase of
growth.
Following the acquisition, Exclusive Networks’ presence in
Australia and New Zealand will be more than doubled and, based on
FY pro-forma figures as of Dec 31, 2023, the combined entity would
have represented gross sales of around €615m in APAC, a region with
attractive growth prospects and a total addressable market
estimated at $10 bn in 20231.
The closing of the transaction is subject to customary
conditions precedent and is expected to be finalized during the
second quarter of 2024.
Jesper Trolle, CEO of Exclusive Networks, commented:
“This acquisition is a major step forward in our growth strategy
in APAC, it significantly strengthens our business and allows us to
expand and develop further our value proposition. We are very
pleased to welcome John Walters and NEXTGEN’s highly talented teams
to the Group and look forward to working with them. Together, we
will aim to create a regional leader and break new ground. The
combination of resources and experience will help accelerate our
growth and competitiveness in this very dynamic market and
beyond.”
John Walters, Founder and CEO of NEXTGEN Group added:
“To capture the next phase of NEXTGEN Group’s exciting growth,
we had to find the right global partner that brings the appropriate
investment into our model and aligns with our culture. Exclusive
Networks, led by Jesper, aligns strongly with our shared ambitions
and values, including a passion for innovation and an
entrepreneurial spirit.
After 13 years of building a business from start-up, it is with
great confidence and enthusiasm that we begin this new phase with
Exclusive Networks. This step marks the start of an exciting new
chapter in which our growth will be accelerated by the resources
and expertise of a global cybersecurity leader.”
About Exclusive Networks
Exclusive Networks (EXN) is a global cybersecurity specialist
that provides partners and end-customers with a wide range of
services and product portfolios via proven routes to market. With
offices in over 45 countries and the ability to serve customers in
over 170 countries, we combine a local perspective with the scale
and delivery of a single global organization.
Our best-in-class vendor portfolio is carefully curated with all
leading industry players. Our services range from managed security
to specialist technical accreditation and training and capitalize
on rapidly evolving technologies and changing business models. For
more information visit www.exclusive-networks.com.
About NEXTGEN Group
Through a unique, next-generation business model, NEXTGEN Group
helps drive growth for technology vendors, reseller partners, and
end-customers. We specialise in offering a carefully curated and
complementary portfolio of leading enterprise software and
value-added cloud solutions.
Our collaborative approach makes it easy for technology partners
to do business with scaling startups through to globally recognised
blue-chip vendors offering innovative and evolving product
solutions and services.
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EXCLUSIVE NETWORKS CONTACTS
Investors & Analysts
Hacene Boumendjel Head of Investor Relations
ir@exclusive-networks.com
Media FTI Consulting
Emily Oliver / Charlotte Hewitt +33 (0)1 47 03 68 19
exclusivenetworks@fticonsulting.com
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