The Channel logo

News

By | Kelly Fiveash 21st March 2007 10:59

Arc completes MBO

Heading for the City?

Arc Technology Distribution has completed a management buyout (MBO) of its majority shareholder Owen Dukes.

The company's senior management team, including sales director Stuart Reay and finance director Robin Draper, funded the MBO.

Dukes, now CEO of server-based software provider Propalms, was previously managing director of Arc. He said: "I have been dividing my time between the two businesses but it is now time to hand over the reins at Arc."

Stuart Reay will become the firm's new managing director.

Reay said: "We are currently working to further strengthen our current position and having watched the consolidation in the channel over the past few years, we are keen to bring the 'Arc Advantage' to a wider audience and will be investigating acquisitions over the coming year."

Speaking to The Reg, Reay was unable to elaborate on future acquisition plans, however, but agreed the MBO offers "an opportunity for consolidation". He said any City ambitions were "at least three years down the line."

UK-based Arc distributes IT products for the likes of Virtuozzo, Kaspersky Lab, and Perle, among others. ®

alert Send corrections

Opinion

ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Tom Pappas

We all know hardware lasts longer than 3 years so why bin good kit?

Features

SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on
Windows 8.1 Update Start Screen
As good as it gets, for now
Is everything fatally borked? Not quite, say security godheads