December 10, 2018

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HMD Global raises US$100m

Mobile device vendor HMD Global - the home of Nokia phones - has raised an additional US$100m from multiple investors to scale business operations and fund the company’s growth in its second year. In 2018, the company plans to aggressively expand its portfolio of Nokia smartphones and double down on expanding channel reach in strategic markets. Read full story

by Stuart Wilson, Monday 21 May 2018

AB Group doubles gaming hardware sales in Poland

Central and Eastern European (CEE) distributor AB Group’s sales hit US$505m for the third quarter of its 2017-2018 financial year. Pre-tax profits came in at US$6m with after-tax profits reaching US$2.8m for the period, which covered the first quarter of calendar 2018. This represents an after-tax profit margin of 0.55%. Gaming hardware sales more than doubled year-on-year in Poland for AB, with sales in this category climbing 62% in the Czech Republic and Slovakia for the distributor. Read full story

by Stuart Wilson, Friday 18 May 2018

Kaspersky breaks 1000 MSP barrier

Launched in April 2017, Kaspersky Lab’s dedicated managed service provider (MSP) partner programme has reached 1000 registered partners. Cybersecurity is a fast-growing part of a service provider’s offering and this landmark indicates a continued and strong focus on endpoint protection services in the industry. In total, 95% of Kaspersky’s MSP partners are in Europe. Read full story

by Stuart Wilson, Thursday 17 May 2018

Mobileistic to participate at DISTREE Russia 2018

Mobileistic has confirmed its participation at the upcoming DISTREE Russia hosted buyer tech channel event. Mobileistic is one of the largest direct distributors for OEM accessory brands in the US market and has two in-house brands: ‘Impact Gel’ and ‘mworks!’. During DISTREE Russia 2018, senior executives from Mobileistic will hold pre-scheduled one-on-one meetings with top retailers, e-tailers and online marketplaces from across the vast Russian market. Read full story

by Stuart Wilson, Thursday 17 May 2018

Goods.ru to present GameChanger keynote at DISTREE Russia

DISTREE Russia has announced that online marketplace Goods.ru will deliver a GameChanger keynote presentation at this year’s 15th anniversary event, which takes place in Moscow on May 30th to June 1st, 2018. Solomon Kunin, General Director, Goods.ru, will deliver a keynote presentation entitled: The Future of Marketplaces’. This presentation will explore the popularity of marketplaces as demonstrated by today’s market. Read full story

by Stuart Wilson, Thursday 17 May 2018

Jays strikes distribution deal with Aqipa

Swedish audio brand Jays Group has partnered with distributor Aqipa, one of the leading retailers of consumer electronics and related accessories in the DACH region. The agreement covers Jays’ current and future product range including a dozen SKUs from the a-JAYS, u-JAYS and upcoming products. Aqipa’s experience as a consumer electronic retail specialist stretches back over 25 years. Aqipa focuses on the distribution and marketing of premium accessory products in the consumer electronics sector. Read full story

by Stuart Wilson, Thursday 17 May 2018

Xiaomi and ABC Data open Mi Store in Warsaw

Global tech brand Xiaomi, in cooperation with its local distribution partner ABC Data, has opened an authorised Mi Store in the Arkadia shopping centre in Warsaw, Poland. On the first day of its operation, the shop was visited by 2800 customers. On 12th May the Warsaw Mi Store, along with Polish online shop Mi-home.pl sold almost 1000 Xiaomi devices. Read full story

by Stuart Wilson, Monday 14 May 2018

Rashi Peripherals holds annual review event

India-based distributor Rashi Peripherals held a two-day annual business review (ABR) conference in Mumbai. The event gathered Rashi Peripherals’ senior team from across the country to evaluate performance during the last 12 months and to outline the company’s future development vision. Krishna Choudhary, co-founder, and director at Rashi Peripherals, speaking at the event, stated: “The previous year was indeed tough as the industry went through a lot of turns and twists post-GST regime.” Read full story

by Stuart Wilson, Monday 14 May 2018

ALSO launches new financing unit

Distributor ALSO Group is expanding its range of financing and services with the launch of a new leasing company, ALSO Financial Services. The new offering for resellers extends ALSO’s services portfolio. Previously, customer leasing inquiries were referred to external partners, but now, customers can receive new, expanded financing solutions as part of a single offer. This also guarantees faster response times and a flexible, broad offering, according to ALSO. Read full story

by Stuart Wilson, Monday 14 May 2018

Tech Data reseller rides credit elevator to top floor

Distributor Tech Data has seen one of its UK customers reach the new £1m (US$1.36m) top line of its credit elevator programme. Tech Data claims that this underlines the need for the scheme and how effective it can be in giving businesses the ability to step up to height limits without having to go through repeated reassessments. The reseller concerned had been on the previous accelerator programme but stepped up to the new scheme when it was launched in February. Read full story

by Stuart Wilson, Monday 14 May 2018

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