Distributor Exclusive Networks claims its decision to go public is part of a growth strategy that will involve attracting new vendors and expanding its customer offerings.
For those who came in late, the channel player, which started life in France and has its HQ in the UK, has chosen to list on the Euronext Paris after filing its documents with French Autorité des marchés financiers (AMF), courting investment in a business that has charted a course in delivering emerging security and cloud technologies. The aim is to use the IPO to generate a capital raise of up to approximately €260 million of primary proceeds that will help the business continue on its growth journey.
Chief Executive Officer of Exclusive Networks Jesper Trolle said that the plan was to move to a “totally trusted” digital future.
“Our proposed IPO on Euronext will help us to accelerate our proven growth strategy which is centred around four key tenets: driving growth with existing vendors; attracting new vendors and customers; expanding our services offering, and acquiring companies that fit our culture and DNA, and complement our geographical presence or capabilities.”
He said that a floating Exclusive Networks was ideally placed to deliver on this vision and take advantage of current market opportunities.
Cybersecurity was a highly attractive market, estimated to be worth €58 billion in 2020 and growing at a nine percent CAGR from 2020 to 2026. The cyber ecosystem is getting more and more complex, the channel selling cyber products is fragmented, and technology is evolving very quickly to combat the growing sophistication in threats and cyber attacks.
“This creates demand for a cyber specialist like Exclusive Networks in the long-term, and we look forward to bringing even greater value to our vendors and partners in the future”, Trolle said
