ViacomCBS to Sell Simon & Schuster to Penguin Random House for $2.175 Billion

 NEW YORK-Thursday 26 November 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- ViacomCBS Inc. (NASDAQ: VIAC, VIACA) today announced it has entered into a definitive agreement to sell the publishing business Simon & Schuster (“Simon & Schuster”) to Penguin Random House LLC (“Penguin Random House”), a wholly owned subsidiary of Bertelsmann SE & Co. KGaA, for $2.175 billion in cash.

This divesture follows a strategic review of non-core assets ViacomCBS undertook early in 2020. Proceeds from the transaction will be used to invest in ViacomCBS’s strategic growth priorities, including in streaming, as well as to fund the dividend and pay down debt.

This transaction is the outcome of a highly competitive auction that attracted interest from buyers around the world, reflecting Simon & Schuster’s position as one of the world’s best known publishing brands. Simon & Schuster has more than 30 publishing units across adult, children, audio and international. Its portfolio of best-selling authors includes Stephen King, Doris Kearns Goodwin and Jason Reynolds, and it owns a rich backlist of perennial favorite titles such as Catch-22 and The 7 Habits of Highly Effective People.

The transaction is expected to close in 2021, subject to customary closing conditions, including regulatory approvals. Upon close, Simon & Schuster will continue to be managed as a separate publishing unit under the Penguin Random House umbrella, and Jonathan Karp, President & CEO of Simon & Schuster, and Dennis Eulau, COO and CFO, will continue at the helm of the publishing house.

LionTree Advisors is acting as the exclusive financial advisor and Shearman & Sterling LLP is acting as legal advisor to ViacomCBS in this transaction.

Cautionary Statement Concerning Forward-Looking Statements

This communication contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “foresee,” “likely,” “will,” “may,” “could,” “estimate” or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: the impact of the COVID-19 pandemic (and other widespread health emergencies or pandemics) and measures taken in response thereto; technological developments, alternative content offerings and their effects in our markets and on consumer behavior; the impact on our advertising revenues of changes in consumers’ content viewership, deficiencies in audience measurement and advertising market conditions; the public acceptance of our brands, programming, films, published content and other entertainment content on the various platforms on which they are distributed; increased costs for programming, films and other rights; the loss of key talent; competition for content, audiences, advertising and distribution in consolidating industries; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; the risks and costs associated with the integration of the CBS Corporation and Viacom Inc. businesses and investments in new businesses, products, services and technologies; evolving cybersecurity and similar risks; the failure, destruction or breach of critical satellites or facilities; content theft; domestic and global political, economic and/or regulatory factors affecting our businesses generally; volatility in capital markets or a decrease in our debt ratings; strikes and other union activity; fluctuations in our results due to the timing, mix, number and availability of our films and other programming; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and programming; liabilities related to discontinued operations and former businesses; potential conflicts of interest arising from our ownership structure with a controlling stockholder; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances.

About ViacomCBS

ViacomCBS (NASDAQ: VIAC; VIACA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, CBS All Access, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions for partners on five continents.

For more information about ViacomCBS, please visit www.viacomcbs.com and follow @ViacomCBS on social platforms.

About Simon & Schuster

Simon & Schuster, a ViacomCBS Company, is a global leader in general interest publishing, dedicated to providing the best in fiction and nonfiction for readers of all ages, and in all printed, digital and audio formats. Its distinguished roster of authors includes many of the world’s most popular and widely recognized writers, and winners of the most prestigious literary honors and awards. It is home to numerous well-known imprints and divisions such as Simon & Schuster, Scribner, Atria Books, Gallery Books, Pocket Books, Adams Media, Simon & Schuster Children’s Publishing and Simon & Schuster Audio and international companies in Australia, Canada, India and the United Kingdom, and proudly brings the works of its authors to readers in more than 200 countries and territories.

For more information, visit our website at www.simonandschuster.com.

VIAC-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20201125005459/en/

Contacts

Media:

Justin Dini

Executive Vice President, Head of Corporate Communications, ViacomCBS

(917) 216-7629

justin.dini@viacom.com

Adam Rothberg

Vice President, Corporate Communications, Simon & Schuster

(212) 698-1132

adam.rothberg@simonandschuster.com

Investors:

Anthony DiClemente

Executive Vice President, Investor Relations, ViacomCBS

(917) 796-4647

anthony.diclemente@viacom.com

Permalink : https://www.aetoswire.com/news/viacomcbs-to-sell-simon-amp-schuster-to-penguin-random-house-for-2175-billion/en

WTA and Stats Perform Serve up Breakthrough Tennis AI and Data Partnership, in Landmark Deal for Women’s Sports

ST PETERSBURG, Fla. & LONDON -Thursday 26 November 2020 [ AETOS Wire ]

• Official WTA umpire chair data and new ultrafast shot statistics to combine for unprecedented levels of fan engagement and betting experiences

• Enhanced AI-driven data for more matches and players, made even more accessible to fans

• Six-year agreement will focus on promotion and growth of women’s tennis by taking data and performance insights to the next level

(BUSINESS WIRE)-- The WTA (Women’s Tennis Association) today named Stats Perform its Official WTA Data Supplier.

The transformative partnership will deliver multiple feeds to customers - an exclusive umpire-derived data feed for an expanded number of WTA matches, as well as an ultrafast data feed collected by Stats Perform’s Opta analysts.

The data collected by Stats Perform’s Opta analysts will include detailed match statistics down to rally and shot level. This will dramatically increase the level of live insight available for thousands of WTA matches to power a new range of broadcast, second screen, and betting experiences.

The data feed will support Stats Perform’s advanced AI capabilities which will be leveraged to help bring fans closer to the sport through engaging data-driven insights and stories. Through these unique insights, fans will be able to get to know the players and the game at a much deeper level.

The data also enhances Stats Perform’s existing live WTA video streaming service to help create the ultimate experience in trusted and entertaining in-play betting.

Stats Perform’s extensive sports content distribution capabilities will improve the availability of official WTA data to make it more accessible for authorized sportsbooks, broadcasters, OTT, media, sponsors, tech and fantasy games, giving fans and bettors fast, detailed and accurate tennis data.

As evidence of Stats Perform’s commitment to growing the profile of women athletes, the partnership will push more innovative insights and content to raise the profile of WTA players. The agreement also aims to elevate the betting experience through the delivery of faster, deeper feeds, and promote integrity in tennis via the provision of two operationally independent feeds.

Carl Mergele, CEO Stats Perform, says: “The WTA has very ambitious goals for their tournaments and players and we’re proud to be trusted to help them reach new levels of fan and bettor engagement. Our broadcaster, media, and betting networks are already excited because they’ve seen how high-quality information elevates sport’s appeal.”

Micky Lawler, WTA President, says: “Stats Perform has a history of creating innovative and trusted content and products that drive entertainment levels and new revenue streams for the professional sports ecosystem. We’re looking forward to discovering new and unique storylines surrounding the WTA Tour and our players and tournaments available in new, exciting and comprehensive ways.”

Atop its sports AI and content expertise and customer network, Stats Perform’s globally famous and trusted Opta data brand has helped it transform the way fans and bettors interact with men’s and women’s soccer, cricket, rugby, basketball, NFL and MLB. The company has a long history of challenging how sport is measured, giving players, teams and leagues a competitive edge and broadcasters, media, sportsbooks and sponsors new perspectives. Women’s tennis is now also set to see a rise in the profile of and engagement with the Tour and its players.

About Stats Perform 

Stats Perform is the market leader in SportsTech providing the most trusted sports data and the latest advancements in applying AI and machine learning to deliver better predictions for teams, sportsbooks and a more engaging broadcast, media and fan experience.​ The company collects the most detailed sports data to create new experiences across sports. Leveraging the richest sports database, Stats Perform enhances sports competition and entertainment through machine learning and computer vision to create advanced predictions and analysis – be that for digital and broadcast media with differentiated storytelling, tech companies with reliable and fast data to power their innovations, sportsbooks with in-play betting and integrity services, or teams with first-of-its-kind AI analysis software. SportsContentCo is the exclusive reseller of Stats Perform premium sports betting content to licensed sportsbooks in the United States. For more information, visit StatsPerform.com or SportsContentCo.com.

About WTA

Founded by Billie Jean King in 1973 on the principle of equal opportunity for women in sports, the WTA is the global leader in women’s professional sport with more than 1,650 players representing 84 nations competing for a record $180 million in prize money. In 2019, the WTA was watched by a record-breaking global audience of 700 million. The 2020 WTA Tour includes 53 events and four Grand Slams, spanning across six continents and 28 countries and regions. The season culminates with the Shiseido WTA Finals Shenzhen, offering a $14 million total prize purse and honoring the season’s top singles and doubles players. Further information on the WTA can be found at www.wtatennis.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005368/en/

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Contacts

Sarah Butler, Stats Perform PR Manager 
Sarah.butler@statsperform.com / +44 07432631237

Amy Binder, WTA, abinder@wtatennis.com

Permalink : https://www.aetoswire.com/news/wta-and-stats-perform-serve-up-breakthrough-tennis-ai-and-data-partnership-in-landmark-deal-for-womenrsquos-sports/en

SAUDI URBAN20 CHAIR WISHES ITALY ‘BUONA FORTUNA’ WITH THE 2021 URBAN20 PRESIDENCY

 • U20 Chair says he is confident next Italian presidency will carry the Urban20 2020 legacy forward, building on the record-breaking work led by the Saudi Presidency.

Riyadh, Saudi Arabia-Thursday 26 November 2020 [ AETOS Wire ]

The Urban20 (U20) Chair, His Excellency Fahd Al-Rasheed, President of the Royal Commission for Riyadh City has today wished his Italian counterparts good luck or “Buona Fortuna” as Italy prepares to take up the reins of the 2021 G20 Presidency and the engagement group of cities, the U20.

“The city of Riyadh is immensely proud and honored to have Chaired the 2020 U20. We are proud of the progress we made together as the U20 of 42 cities and 30 think tanks, universities, and multi-lateral entities.   We collaborated, innovated and found common ground.  We discussed challenges and solutions experienced by cities across every continent.  We focused on the common goal of rebuilding better. As we worked to bring urban issues to the fore, a record 39 mayors and representatives of leading cities endorsed the 27-point U20 Communiqué.  Rome and Milan were involved each step of the way and are excellently positioned to build further on this momentum and body of work.”

U20 Chair, His Excellency Fahd al Rasheed further explained that the Saudi G20 mantra of “realizing opportunities of the 21st century for all” was enthusiastically adopted and deepened by the U20 delegations working throughout the year on three themes: “Inclusive Prosperous Communities”; Circular, Carbon-Neutral Economies”; and “Nature-Based Urban Solutions”.

He added: “When cities were challenged by the pandemic, the U20 established a Special Working Group on COVID-19 to develop an action-oriented response. The primary recommendation was the development of a Global Urban Resilience Fund, the first fund by cities, for cities.  The cities of Riyadh, Buenos Aires and Rome are developing the Fund to combat the pandemic and mitigate urban shocks by accelerating the transmission of learning and ideas among cities for a more secure and resilient future for all urban residents.”

“We will continue to support the U20 in every possible way, and we extend our best wishes for success and good fortune to Italy’s U20 Presidency,” His Excellency Fahd Al-Rasheed concluded.

For more information please visit www.urban20Riyadh.org or contact the U20 Media Team on U20@rcrc.gov.sa.

Contacts

Caroline Rowe

crowe@apcoworldwide.com

Permalink : https://www.aetoswire.com/news/saudi-urban20-chair-wishes-italy-lsquobuona-fortunarsquo-with-the-2021-urban20-presidency/en

Entersekt and Cellulant Partner to Deliver Safer Mobile Banking Solutions

 Pan-African fintech giant already working on deployments with institutional customers

CAPE TOWN, South Africa-Wednesday 25 November 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Entersekt, a leader in device identity and omnichannel authentication, has announced a partnership with Cellulant, Africa’s leading financial technology company. The partnership will further enhance Cellulant’s cybersecurity by proactively securing its digital banking channels and guarding against digital banking and payment fraud.

Entersekt is working with the Cellulant team to integrate its mobile software development kit with Cellulant’s product stack, making Entersekt’s authentication and app security solutions available to Cellulant’s clients. Two large Kenyan banking groups are already working on their deployment.

“We are delighted to be partnering with Cellulant. The company works with some of the finest brands on the continent. This collaboration will mean their partner banks’ end-customers can enjoy increased safety and security while transacting. We are very happy to support Cellulant’s cybersecurity efforts to drive consumer confidence in digital banking and boost the adoption of digital payments on the continent,” said Schalk Nolte, CEO of Entersekt.

“Our clients trust us to not only be constantly innovating around digital banking and payments but also to guarantee safety and security. Being able to provide the powerful security and authentication services of Entersekt will significantly add to our platform offering. Through this partnership, we can deliver some of the most sophisticated services available anywhere in the world. We look forward to continuing our work with Entersekt as we help our clients take advantage of the many efficiencies afforded by digital banking,” said Cellulant CTO George Murage.

About Entersekt

Entersekt is a leading provider of strong device identity and customer authentication software. Financial institutions and other large enterprises in countries across the globe rely on its multi-patented technology to communicate with their clients securely, protect them from fraud, and serve them convenient new experiences irrespective of the channel or device in use.

About Cellulant

Founded in 2004, Cellulant provides a single digital payments platform that runs an ecosystem of consumers, retailers, merchants, banks, mobile network operators, Governments and International Development Partners. Today, Cellulant’s payments platform hosts 120 of the largest banks in Africa, 40 mobile money operators, 600 local and international merchants; and is connected to 220M consumers across 34 countries. Cellulant has an office presence in 18 African countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201123006327/en/

Contacts

Heather Thompson, SVP Marketing at Entersekt

heather@entersekt.com

+27218152800

Permalink : https://www.aetoswire.com/news/entersekt-and-cellulant-partner-to-deliver-safer-mobile-banking-solutions/en

Advanced Technology Research Council Announces ‘ASPIRE’ – to Drive the Creation of Future Transformative Technologies

• ASPIRE frames problem statements with cross-sector industry stakeholders, universities and research institutes

• Serves as a technology programme manager for R&D projects and designs with international competitions

Abu Dhabi, United Arab Emirates-Wednesday 25 November 2020 [ AETOS Wire ]

The newly established Advanced Technology Research Council (ATRC) has today announced its plans to drive the creation of future transformative technologies with the launch of its dedicated technology programme management pillar, ASPIRE.

ASPIRE works in consultation with cross-sector industry stakeholders to frame problem statements that can be solved through research and development. By defining the problem, setting milestones, and monitoring the progress of the projects, ASPIRE facilitates a clear path from ‘lab to market.’ ASPIRE will make impactful decisions related to the selection of research partners and the allocation of funding. It will ensure that its R&D priorities align with Abu Dhabi and the UAE's broader development goals.

ASPIRE will also launch grand challenges which will bring together local and global innovators to work on crucial research that aims to solve the world’s most pressing problems. Spearheading such competitions will strengthen Abu Dhabi and the UAE’s position as an international hub for advanced technology research.

In three months since the first Advanced Technology Research Council board meeting, ASPIRE has started designing several grand challenges and international competitions in advanced technology. ASPIRE will also run the Mohamed Bin Zayed International Robotics Challenge (MBZIRC), the biennial international robotics competition which has a US$5 million prize fund. In addition, ASPIRE is set to launch a global competition in partnership with the XPRIZE Foundation. The global competition is funded by Ghadan 21, Abu Dhabi's accelerator programme, which is driving the emirate's development by investing in business, innovation and people.

Speaking about the launch of ASPIRE, His Excellency Faisal Al Bannai, Secretary-General of Advanced Technology Research Council, said: "Ideas are what power our global economies and societies. As such, we seek to make the innovation process more accessible. By managing and investing in pertinent research and development projects, we have the opportunity to address some of the world's most critical challenges — enabling us to transition to a better tomorrow.”

Advanced Technology Research Council was established to set the R&D priorities for Abu Dhabi. A first of its kind research and technology body in the Middle East region, the Council is mandated to guide breakthrough discovery and disruption, ‘applied research’ and advanced technologies with a commitment to long-term funding for greater influence and impact across the R&D ecosystem and the UAE more broadly.  The Council reinforces Abu Dhabi and the UAE’s status as a global hub for innovation and contributes to the development of the knowledge-based economy.

 

About ASPIRE:

ASPIRE drives the creation of future transformative technologies as the programme management pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC). ATRC is responsible for defining Abu Dhabi’s research and development strategy, consolidating funds for efficient investment and driving policy and regulation. ASPIRE works in consultation with cross-sector industry stakeholders, universities and research institutes to frame problem statements. It also launches grand challenges and international competitions to solve some of the world’s most pressing issues. ASPIRE brings together exceptional people, ideas, resources and technologies to solve complex challenges.

For more information, visit www.aspireuae.ae

For more information, visit www.atrc.ae

For more information about Ghadan 21, visit www.ghadan.abudhabi

 

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Contacts

Aisha Shaikh

Advanced Technology Research Council

+971 55 542 3718

aisha.shaikh@tii.ae

Permalink : https://www.aetoswire.com/news/advanced-technology-research-council-announces-lsquoaspirersquo-ndash-to-drive-the-creation-of-future-transformative-technologies/en

PureFacts Financial Solutions acquires Quartal Financial Solutions to become a global WealthTech leader

 TORONTO-Thursday 26 November 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- PureFacts Financial Solutions, a leading WealthTech provider of fees, reporting and AI-powered predictive analytics solutions, has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries.

This acquisition further strengthens PureFacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee clients. Additionally, the combined organization expands the company’s global reach to bring market-leading solutions and opportunities to all its stakeholders.

These two successful companies both have industry-leading expertise in calculating fees and commissions. Together, they will provide the most powerful fee platform in the global financial marketplace. The combined entity will benefit from strengthening their core capabilities in data aggregation, machine learning and financial industry expertise.

This is the second successful acquisition completed by PureFacts this year, coming on the heels of its acquisition of CRM consulting firm, VennScience in May 2020. Led by Gerard Daniels, PureFacts Head of Corporate Development and supported by world class advisors including PricewaterhouseCoopers Corporate Finance Inc. and Goodmans LLP, the team continues to identify strategic acquisitions that best serve its clients and accelerate PureFacts’ strategy.

PureFacts global head office will remain in Toronto, Canada while the European head office will be located at Quartal’s office in Zurich, Switzerland. PureFacts CEO Robert Madej will take the helm of the new corporate entity, with PureFacts President Rajini McRae expanding her role to include the global businesses. Quartal CEO Thierry Zuppinger has been appointed as the General Manager Europe and Asia for the combined entity.

“With any acquisition or partnership that we undertake, we always ensure our values are aligned and our clients’ interests are at the centre,” says Robert Madej, PureFacts CEO. “In this case, we are further excited by the Quartal team’s enthusiasm and the willingness of the key executive team to become shareholders in PureFacts.”

“We are thrilled about the combination of our businesses and are looking forward to working with Rob and his team, who have proven to be a perfect fit as a strategic partner to Quartal’s business going forward,” says Thierry Zuppinger, CEO of Quartal Financial Solutions. “Joining forces with PureFacts will significantly accelerate our joint journey to becoming a truly global market and mindshare leader in the fee and commission management domain; allowing us to better service our clients globally.”

Quartal Financial Solutions is a market-leading provider of fee and commission management, and revenue and expense lifecycle management software for the financial and insurance industries. The company was founded in 1999 and currently has more than 30 clients with over 50 software installations in 15 countries across Europe, United States, Middle East, Africa, and the Asia-Pacific region. Their clients enjoy reduced operating costs, higher performances, quick Return on Investment, and reduced technology obsolescence through the use of their technologically advanced solutions. www.quartalfs.com

Ranked a WealthTech100 Company and Top 12 Canadian Innovator, PureFacts Financial Solutions provides wealth management solutions for the financial services industry in Canada, the USA, and Europe. PureFacts’ mission is to create meaningful wealth solutions that help people live their best lives. They provide their clients with transformational WealthTech solutions to future-proof their business and accelerate growth by leveraging their expertise in wealth management data aggregation, complex calculations, Artificial Intelligence and machine learning. www.purefacts.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006164/en/

Contacts

Mr. Gerard Daniels

Head of Corporate Development, PureFacts

gerard.daniels@purefacts.com

Mr. Thierry Zuppinger

CEO, Quartal Financial Solutions

thierry.zuppinger@quartalfs.com

Permalink : https://www.aetoswire.com/news/purefacts-financial-solutions-acquires-quartal-financial-solutions-to-become-a-global-wealthtech-leader/en

Exclusive Networks Acquires Nuaware to Accelerate Cloud and DevOps Opportunities for Channel and Vendor Partners

 Disruptive streak continues with unique DevOps distribution play combining Nuaware skills with Exclusive Networks scale and services

PARIS & LONDON-Wednesday 25 November 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Exclusive Networks today announced the acquisition of Nuaware, a hyper growth, born-in-the-cloud distributor at the bleeding edge of cloud, DevSecOps and containerisation. The move adds immediate global scale and services capability to the Nuaware proposition and portfolio, while enabling Exclusive Networks, its vendors and partner community with a unique skill set for capitalising on immense demand shifts brought about by digital transformation.

Jesper Trolle, CEO at Exclusive Networks said: "DevOps tool chains, containers and the emergence of DevSecOps are specialist areas where Nuaware has carved a truly unique niche in distribution. This acquisition puts us where we want to be in this space, giving our partners a readymade on-ramp into new high-growth opportunities. Large vendors being drawn to these markets are seeking turnkey channel solutions, and their established partner ecosystems have technical skills gaps that demand credible support. We can now meet these kinds of challenges far more effectively, while continuing to accelerate growth for the next waves of disruptive technologies in secure, trusted digital infrastructure.”

Nuaware was founded in 2016 by Zaheer Javaid and Luke Hasty and has grown exponentially since then through its work with vendors including HashiCorp, Docker Enterprise (now Mirantis), Instana, Portworx (recently acquired by Pure Storage) and Twistlock (now Palo Alto Networks Prisma Cloud). The company's London-based team, which works with both large service providers/systems integrators and a network of specialist DevOps consultancies on implementations around the world, will carry on operating as a distinct business unit under the Nuaware brand and continue to target disruptive new technologies and partnerships with emerging high-growth vendors such as, for example, Gremlin and StackPulse in areas such as chaos engineering and SRE automation. Its high-value services, including lead detection, business development, solution design, implementation, professional services and comprehensive training courses, will complement those from Exclusive Networks and vice versa.

Zaheer Javaid, Co-Founder and Director at Nuaware said: “We’re very pleased to be joining the Exclusive family and believe this is the best way to continue scaling up our proposition and bringing optimum value to all our customers and partners. The timing is right – the rapid onset of digital transformation among enterprises has got much faster in 2020, bringing Nuaware and the DevOps, cloud automation and containerisation technologies we specialise in, to an inflection point. With Exclusive’s support, we can aim higher, grow faster and invest more in extending our uniqueness in the market.”

“In terms of culture, attitude to innovation and the capacity to create unique value in the context of technology and market disruption, Nuaware is very much like Exclusive Networks,” said Andy Travers, EVP Worldwide Sales and Marketing at Exclusive Networks. “Teaming up this way is great news for partners of both companies, including the strategic vendors we have in common: Palo Alto Networks and Pure Storage. We anticipate significant organic growth from the Nuaware business by supporting its plans for continued expansion globally, and see many additional commercial benefits from extending their know-how across and into more opportunities with Exclusive Networks vendors and resellers.”

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20201124005189/en/

Contacts

Exclusive Netaworks Contact:

Jemma Lowman

Cohesive

+44 (0) 1291 626200

exclusivegroup@wearecohesive.com

Permalink : https://www.aetoswire.com/news/exclusive-networks-acquires-nuaware-to-accelerate-cloud-and-devops-opportunities-for-channel-and-vendor-partners/en