PARIS, FRANCE: Exclusive Networks has signed a deal to acquire all shares of NEXTGEN Group, a prominent channel services firm in the APAC region.
The acquisition aligns with Exclusive Networks’ growth strategy, promising to double its market presence in Australia and New Zealand.
NEXTGEN, headquartered in Sydney since 2011, boasts a workforce of 190 and reported AU$266m in gross sales for FY-23.
The merger is set to enhance Exclusive Networks’ offerings with NEXTGEN’s expertise in cloud migration, digital marketing, and lead generation, leveraging advanced platforms and hyperscaler initiatives.
The combined entity, based on FY-23 pro-forma figures, would represent €615m in gross sales across APAC, tapping into a market estimated at $10bn. The transaction is expected to close in Q2 2024, subject to standard conditions.
Exclusive Networks, a global cybersecurity specialist, operates in over 45 countries, offering a comprehensive range of services and products to partners and customers worldwide.
NEXTGEN Group, known for its next-gen business model, provides growth opportunities for vendors and partners through its enterprise software and cloud solutions portfolio.
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.”