French network and security VAD Exclusive Group has acquired its Israeli counterpart SecureWave for an undisclosed amount. The move adds another advanced economy to the worldwide market penetration of the Exclusive Group, establishes an in-country presence within one of the world’s most significant innovation hubs, and expands the Group’s service reach to the benefit of its global customers and partners.
“This acquisition is about more than just filling in the gaps of our EMEA footprint – it represents a fantastic opportunity to tap into a significant new local market and use our in-country presence to extend relationships with Israeli-based technology innovators”, said Olivier Breittmayer, CEO at Exclusive Group. “In SecureWave we feel we have identified a likeminded VAD business with a committed and successful team who understand value. And as well as similar business principles, we also share some of the same cybersecurity and cloud transformation vendors in our portfolio, enabling our partners to gain immediate benefits from this acquisition.”
Tel Aviv-based SecureWave is situated in the area known as ‘Silicon Wadi’ – home to a high concentration of some of the most influential technology businesses in the world. Its major vendors include Fortinet, Nutanix and Infoblox – all of which are strategic to Exclusive’s cyber and cloud transformation portfolios – and it trades with around 250 reseller, systems integrator and service provider partners. SecureWave’s current CEO Moran Gerassi – who becomes Country Manager for Exclusive Networks Israel – and other key management will remain in their roles to ensure continuity and execute on an accelerated growth plan for the business.
“On behalf of SecureWave’s staff and partner community, we are delighted to join Exclusive Group on its journey as the world’s biggest global specialist VAD in cyber and cloud”, said Moran Gerassi, CEO at SecureWave. “I look forward to working closely with Exclusive teams and partners around the world as we combine efforts to address new global and local opportunities and pursue our next phase of growth together.”