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Solution Provider News

Record 2016 for Storit

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Record 2016 for Storit

Storit, the holding company of CMS Distribution, announces a record fiscal 2016 with revenue increasing by 82% over 2015 to £325 million. Profits are up by 126%, reaching £12.3m.

"Our Enterprise business continued to outpace the market, driving strong growth in security, information management, storage and open source technologies, along with our Retail channels, which also delivered high growth," CEO Frank Salmon says. "As our customers continue to deliver innovation around digital transformation, the business portfolio continues to drive change and open doors to new thriving markets.”

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Tech Data Expands relayr IoT Distribution

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Tech Data Expands relayr IoT Distribution

German Internet of Things (IoT) specialist relayr expands into EMEA following an expansion of its distribution agreement with Tech Data Technology Solutions.

The deal has Tech Data supply the relayr IoT middleware platform across EMEA. According to the company, the relayr platform handles device connectivity and management, dashboards and analytics device aggregation, and 3rd party application integration. As a result it harmonises data streams, making it "far easier for IoT solution builders to innovate."

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Rigby Private Equity Pushes Nuvias Brand

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Rigby Private Equity Pushes Nuvias Brand

Rigby Private Equity announces the retirement of the Wick Hill, Zycko and SIPHON names, as holding company Nuvias Group takes the place of predominant brand from 1 April 2017.

Launched in 2015, Nuvias was run alongside Wick Hill, Zycko and SIPHON for the last 9 months. It operates in 18 countries and sells in 30, and makes a high-value distribution business operating across EMEA. It records revenues worth $400 million for the financial year ending March 2017.

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Systemax Sells European Operations

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Systemax Sells European Operations

Systemax offloads nearly all of its European Technology Products Group (aka Misco)-- outside of still profitable operations in France-- for an undisclosed sum to Hilco Capital.

The transaction sees Misco acquired by a new company formed by the management buy-in team led by Hilco and former Selection Services CEO Alan Cantwell. Hilco is a specialist in taking over ailing businesses, having acquired the Staples UK retail business in November 2016 and HMV back in 2013.

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Mark Chlebek to Head Pan-EMEA Ingram Micro Division

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Mark Chlebek to Head Pan-EMEA Ingram Micro Division

Ingram Micro announces a change of leadership-- Mark Chlebek replaces Robert Beck as executive director of the distributor's pan-EMEA division, managing relationships with pan-EMEA vendor partners.

Beck will "gradually withdraw from the day-to-day business," before ending his 25 year career with the distributor.

A 20-year company veteran, having joined Ingram in 1997, Chlebek takes responsibility for "purchasing and business management" for regional vendor partners managed by the distributor on a centralised basis. As part of the EMEA senior management team he reports to global group president of EMEA Mark Snider.

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