PCR Tech and IT retail, distribution and vendor news
QBS Technology Group has completed the acquisition of South Africa-based cybersecurity distributor Maxtec. The acquisition continues QBS’ journey to bolster its presence in the META (Middle East, Turkey and Africa) region and continues its journey to become a $1bn global business by 2030. This move aligns QBS goal to significantly expanding their global presence whilst tapping into fast growing emerging markets with promising potential.
Maxtec, headquartered in Johannesburg, SA, has been a prominent value-added distributor for over 38 years, boasting a robust vendor portfolio and deep technical proficiencies. Its reach extends across the 16 countries comprising the South African Development Community (SADC) region, with additional operations in Kenya, Angola and Botswana. Maxtec has over 85 co-workers, operates two foundations and is deeply integrated with the region’s largest resellers and system integrators.
“Acquiring Maxtec is a significant milestone in our expansion strategy and together we will leverage our collective strengths to roll out the QBS platform across the region,” said Dave Stevinson – Group CEO, QBS Technology Group. “Maxtec has an exceptionally talented management team with an insane depth of pre-sales technical competency. I am so excited to help all of our existing and new vendors grow their business across Africa.
Stevinson continued: “The increased scale and combined know how of the business brings benefits through revenue synergies, combined with operational efficiencies. Our pre-sales engineering capabilities are insanely good for a company of our size. Our ability to support our largest resellers has just moved up a notch. Channel partners will benefit from scale, efficiency and the rapid deployment of version 9.0 of our new in house tooling coupled with a larger API library.”
“This is a proud moment for our entire team who have enabled a consistent growth trajectory. With QBS we have found a partner to facilitate further expansion into new territories and sustain growth in our existing regions. I look forward to the next chapter in Maxtec’s journey and to showcasing our Maxtec talent on this global platform,” said Praven Pillay, managing director of Maxtec.
