As a result of the deal, Nexsan plans to make additional investments in sales, marketing and geographic expansion. Nexsan is continuing its 100 per cent channel model worldwide, and will increase account coverage, including channel assistance and marketing initiatives in order to drive growth and customer adoption. Over the last year, Nexsan has stabilised its revenue and we expect it will continue to grow following the closing of the transaction.
“We are excited to work with Spear Point in the acceleration of revenue growth at Nexsan” said Bob Fernander, Chief Executive Officer of Nexsan. “The private equity capital infusion gives us the opportunity to further improve the way in which we cater to our customers, collaborate with our partners, and promote growth. The success of our UNITYTM solution shows that we are listening and responding to our customers needs. We will accelerate the execution of our vision to provide customers with bullet proof storage products tailored to customer needs that do more, costs less and exploit cloud econoimics through private cloud solutions.”
“The Nexsan team has accomplished a lot over the last year. They are committed to investing in product development, customer service and driving growth within the company” said Ron Bienvenu, Managing Partner of Spear Point. “We are confident that private capital infusion will enable Nexsan to continue on this path and repeat and build on the success of last year.”
