SED International do Brasil Enters Into Exclusive Contract with Extreme Networks
May 23, 2000 09:13 AM Eastern Time
ATLANTA, May 23 /PRNewswire/ -- SED International, Inc. SECX announced today that SED International do Brasil has entered into an exclusive agreement with Extreme Networks (one of the largest providers of high performance network solutions). With this agreement, SED International do Brasil will become the exclusive distributor of Extreme Networks products in the country.
With this strategic move, Extreme Networks (who recently acquired the corporate accounts division from 3Com) positions itself to compete with other manufactures for a portion of the existing installed base. "Their know-how in large network projects, their knowledge of the 3Com customer's base and their penetration in the high-end market were key factors in our decision of choosing SED as our exclusive distributor which are fundamental in our strategy," explained Leonardo Bon, country manager of the Extreme Network subsidiary in Brazil.
Ronell Rivera, President of the Latin America Division and Brazil Subsidiary of SED International explained, "The partnership with Extreme Networks strengthens our leadership in the high-end products market. Extreme's decision to grant us an exclusive contract shows their confidence in our performance and our capability to provide the necessary pre- and post-sale support. We are committed to provide them with our networking structure that has a proven history of seriousness and knowledge in this sector."
Bon also added that "Extreme Brazil's main focus in the short term would be to work with the installed base of Core Switching applications which was created by the Corebuilder product line of the acquired manufacturer (3Com). Besides this temporary opportunity, we also intend to serve large corporate accounts, especially those with potential to start new backbones multi-service projects or integration with metropolitan backbones." Additionally, he commented on a creation of a Migratory Program of the 3Com Base to Extreme Networks as well as an orientation and qualification program for partners and potential customers.
"It is important to mention that as per Dataquest, the world market for Gigabit Ethernet will grow to almost $3 Billion for the year 2000 and SED wants to be, and will be, part of that pie," added Rivera.
SED International do Brasil, subsidiary of SED International Inc., with over 5000 resellers, including VARs, integrators, retailers and large department stores, offer services and products from over 40 manufacturers from different segments such as Software, PCs and Peripherals, Networking Solutions, Graphic Solutions and Wireless products.
SED International, Inc is an international distributor and value-added services provider of computer and wireless technology throughout the United States, Caribbean, and Latin America. The Company has relationships with more than 30,000 value-added resellers, system builders, e-commerce resellers, dealer-agents, and retailers. SED International serves its customers with more than 5,000 products, fulfillment services, finance options, and e-commerce solutions. The Company operates sales and distribution facilities in the United States, Argentina, Brazil, Colombia, and Puerto Rico. Because the Company has expertise in the computer and wireless industry, SED International is uniquely positioned to leverage the convergence of these technologies. More information about SED International, Inc. can be found at www.sedonline.com.
The matters discussed herein contain certain forward-looking statements that represent the Company's expectations or beliefs, including, but not limited to, statements concerning future revenues and future business plans and non-historical Year 2000 information. When used by or on behalf of the Company, the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "intend," "plan" and similar expressions are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond the Company's control. The Company cautions that various factors, including the factors described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained in the Company's Registration Statement on Form S-3 (SEC File No. 333-35069) as well as general economic conditions and industry trends, foreign currency fluctuations, the level of acquisition opportunities available to the Company and the Company's ability to negotiate the terms of such acquisitions on a favorable basis, a dependence upon and/or loss of key vendors or customers, the transition to indirect distribution relationships for some products, the loss of strategic product shipping relationships, customer demand, product availability, competition (including pricing and availability), concentrations of credit risks, distribution efficiencies, capacity constraints and technological difficulties could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements of the Company made by or on behalf of the Company. The Company undertakes no obligation to update any forward-looking statement.
SOURCE SED International, Inc.
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