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Solution Provider News

Qvest Media Expands into Copenhagen

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Qvest Media Expands into Copenhagen

German system integrator Qvest Media continues its "strategic expansion" as it opens a location in Copenhagen, Denmark serving as a central hub for business in the Nordics and Baltics.

The Copenhagen base extends the Qvest Managed Technology business division, whose portfolio comprises cloud services, infrastructure-as-a-service and support, into N. Europe. Leading it is the company's Nordic managing director, Peter Thomsen.

“The Nordic and Baltic countries are an important and attractive market for us, which is characterised by great openness for new media and technology trends," the company says. "With our experience in the design and development of digital and media technology infrastructures, we would like to play a significant role here in the future."

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EET Group Names Søren Drewsen CEO

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EET Group Names Søren Drewsen CEO

Pan-European IT and technology distributor EET Group announces Søren Drewsen as CEO. He succeeds John Thomas, who steps down after a 20-year tenure in order to "spend more time with his family."

Thomas will remain at EET Group as a member of the board, as well as shareholder along majority owner FSN Capital. His successor, Søren Drewsen, joins EET Group from a position as VP and group managing director and head of N. Europe at UK-based roofing systems manufacturer Icopal/BMI Group. He holds a Master of Science and Bachelor degrees in both Marketing and Organisation from Copenhagen Business School.

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ABC Data Achieves "Breakthrough" in Q1 2017

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ABC Data Achieves

CEE-based distributor ABC Data manages to bring gross margins to record levels in Q1 2017, following a series of efforts to reduce operational costs.

As a result, Q1 2017 sees revenues fall by -4% Y-o-Y to 994.8 million Polish zloty (€236.04m), while EBITDA is up by 19% Y-o-Y to 6.8m zloty. The quarter also has the highest ABC Data margins on sales, reaching 5.9% (0.5% higher than Q1 2016). The traditional distribution business sees 5.7% profit margins, while the value-added business unit reaches margins of 10%, in part thanks to the acquisition of storage specialist S4E.

"The first quarter is a breakthrough for the company's results," CEO Illona Weiss says. "At the end of 2016, [we implemented] actions aimed at optimising costs, [which has] brought the assumed effect right now and will become even more apparent in the coming quarters. In addition, business decisions and intensive work carried out in key areas of e-commerce, cloud, mobile, and VAD translate into the financial results of the group."

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Econocom Buys 3 European Firms

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Econocom Buys 3 European Firms

Belgian VAR giant Econocom goes on a shopping spree as it announces the acquisition of 3 European firms-- AV player BIS, consulting services outfit LP Digital Agency and a 40% stake in education supplier JTRS.

Ridderkerk-based BIS employs 220 people across the Netherlands, Belgium, Germany, France, and the UK. It claims 2016 revenues worth €50m, and holds top badges with Polycom and AMX as well as partnerships with Microsoft and Cisco. Econocom says the acquisition allows it offer services, products and solutions, and technology management and financing, across the 5 "priority countries," namely Belgium, the Netherlands, Spain, Italy and France.

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PCM Arrives in Europe

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PCM Arrives in Europe

N. American solutions provider PCM makes its way to Europe with the opening of a UK-based subsidiary, PCM Technology Solutions UK (PCM UK)-- a move described as a "next major step" in PCM's global expansion.

Set to officially open on 2 May 2017, PCM UK should start operations on Q2 2017. It hopes to achieve "considerable scale" and employ around 90 co-workers by end 2017. Leading PCM UK is managing director Donavan Hutchinson, who joined PCM on February 2017 to help develop and create the PCM UK offering.

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