Exclusive Networks launches finance division

Following the acquisition of France-based Fibail System, Exclusive Networks announces the launch of its in-house finance and leasing division

Exclusive Networks has created a new financing and leasing division following the acquisition of Fibail System.

The distributor says Exclusive Capital will expand reseller opportunities and ‘embrace the opex-orientated, subscription-based IT consumption demands of their customers’.

"We’ve been listening to our vendor and reseller partners, and developed this new strategy to address a growing market need rooted in the seismic changes happening to how enterprises consume IT,” said Olivier Breittmayer, CEO of Exclusive Networks. “Fibail System is a highly successful business with great relationships with major French banks.

Exclusive Capital will initially be confined to Fibail’s home country of France but the VAD promises further acquisitions to fuel geographic expansion.

Heading up the in-house finance division will be Exclusive veteran Franck Laga; previously the MD for France and Africa.

The acquisition is the second in so many months with the distie having recently bagged service provider, ITEC Intelligent Services.

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