Tag: gnr

GNR buys QBS Software

Posted on February 13, 2018 by - News

Finding-Nemo-Shark-Wallpaper-HDGNR Technology has written a cheque for an undisclosed sum for  Wembley-based QBS Software.

For those who came in late, QBS Software distributes Intel, Jetbrains and Solarwinds products and  resells software from a host of vendors including Microsoft, Symantec and Oracle.

GNR managing director Dave Stevinson said: “The acquisition of QBS provides a major growth opportunity for both businesses.

“With a full range of high-profile publishers, the acquisition of QBS supports our shared plans to meet increasing demand across the business, as well as offering more services to new partners.

“Likewise, the services we bring to the relationship will enable us to deliver on our ambitions to create one of the most efficient and effective software delivery models in the channel.”

It looks like customers will not see much difference as both companies will continue to operate separately, with the QBS Software name and branding remaining in place.

QBS founders Skye Quin and Mark Spangenthal will also stay on as consultants for at least a year.

More than 90 percent of QBS’ turnover is generated by its distribution arm, with the remainder coming from the reseller business and a small software publishing unit.

In its last full accounts QBS reported revenue of £28.6 million for the year ending 31 March 2017, with an operating profit of £895,494.

£24.7 million of QBS’ revenue is generated in the UK, with £3.6 million coming from the EU and £249,099 from the rest of the world.

GNR is doing well. It has a deal to distribute Kaspersky in the UK and just got a UK exclusivity deal for Panda Security’s retail portfolio.

Entatech will pay out trade creditors

Posted on December 12, 2017 by - News

3bcd5c6Entatech Trade Creditors  are likely to get back 35 and 45 pence on the pound, according to the final administration report from KPMG.

Entatech went under in May owing £9.7 million to unsecured creditors, including £7 million  to trade creditors.

The firm’s administrators had previously reported that these creditors could expect to see a return of around two thirds, but in the final report, posted on Companies House, KPMG has revised this figure to 35 to 45 pence, “based on current estimates”. Entatech has now been moved into voluntary liquidation.

Much of it depends on the sale of Entatech’s Telford property which is expected to be worth about £2 million.

Microsoft is the largest trade creditor, with the vendor being owed just over £1. 2million.

Two of Entatech’s three secured creditors have been paid in full, while the third is expected to be paid in full once the property has been sold.

Preferential creditors are expected to be paid in full.

GNR acquired Entatech’s stock, contracts, domain names, intellectual property and goodwill for £300,001 on 12 May. Further payment was slated to be due depending on GNR’s sale of stock, with an additional £231,850 now set to be added to the initial fee.

GNR looks at home security market with HikVision

Posted on October 10, 2017 by - News

securityGNR has signed an exclusive partnership with HiWatch’s video surveillance supplier HikVision.

HiWatch products are designed specifically for semi-professional or amateur installers and home users and are not available for the professional CCTV distributors or installers. Its products, it claims,  meet the growing demand for quality home security solutions without an expensive installation and setup cost.

Over the past several years HikVision been targeting various vertical markets, including public security, transportation, education, healthcare, financial institutions, and energy, as well as intelligent buildings. Now it things the world is ready for quality home security products.

As the exclusive distributor of HiWatch in the UK, GNR Tech will manage the launch of the brand into the channel and build a qualified database of accredited resellers to ensure disciplined pricing in order to achieve attractive margins for its resellers.

Dave Stevinson, managing director of GNR Tech said he was impressed with the HikVision product range, business model and market strategy.

“The accredited reseller initiative will offer fantastic value add to our resellers enabling attractive margin opportunities,” stated. “The exclusive partnership with HikVision cements our foothold within the video surveillance market, and are very optimistic of the growth of the brand.”

Jenkin Dai of HiWatch added: “The partnership with GNR is great news for HiWatch by HikVision. The distinctive feature of HiWatch is the combination of competitive price and high quality components. This offers resellers a unique opportunity to buy specifically designed products that are a cost effective and quality alternative to existing video surveillance brands.”