ESys Technologies

Last updated
eSys Global
Company type Public
Industry Consumer electronics
Founded Singapore [1]
Founder Vikas Goel [1]
Headquarters
Singapore, Sri Lanka
Area served
Worldwide

eSys Technologies is a distributor of Internet technology components. [2] and by 2011 had more than 300 employees. [3] It is a subsidiary of EZY Infotech Pte Ltd and in 2007 had $1.7 billion in annual revenues.

History

eSys Technologies was founded by Vikas Goel in 2000 [1] [4] who serves as Chairman and CEO. [5] In 2005 the company's sales were almost $2 billion and they had established 112 offices across 33 countries. [1]

Later the company partnered with Seagate Technology for product distribution in the US, Canada and Latin America. At that time, eSys covered 25 countries in Europe, Asia, Americas and Australia via a network of subsidiaries. [6] However, in 2006 Seagate Technology ended its distributorship relationship with eSys Technologies after it denied Seagate Technologies the right to conduct a third party audit of its accounts. [7] According to Seagate Technologies' 2006 third quarter financial filings, eSys Technologies owed them $50 million in distributorship fees, at that time. [7] That same month eSys Technologies announced a global distribution agreement with Samsung [4] and reported to have 117 offices in 38 countries. [4]

By 2007 the company had established four manufacturing facilities to produce its own retail products. [1] It maintained distribution hubs in Singapore, New Delhi, Dubai, Los Angeles and Amsterdam [1] and had $1.7 billion in annual revenues. [8] In 2011 eSys became the exclusive distributor of products manufactured by Transcend Incorporated. [3] [9]

The company is a subsidiary of EZY Infotech Pte Ltd. which has headquarters in Singapore plus branches in Australia, Bangladesh, India, Canada, Hong Kong, China, Croatia, Japan, Korea, Malaysia and Latin America. [10]

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References

  1. 1 2 3 4 5 6 Stack, Jack. "My Awakening". Inc. Retrieved July 14, 2014.
  2. ↑ "Accused of violating allotment rules, eSys contradicts its own claim". 31 October 2009.
  3. 1 2 Staff writer (November 25, 2011). "Transcend partners with eSys Technologies". Daily News (Sri Lanka). Archived from the original on July 15, 2014. Retrieved July 12, 2014.
  4. 1 2 3 Press Release (Nov 13, 2006). "eSys Technologies and Samsung sign global distribution agreement for Hard Disk Drives.(Samsung Electronics Company Ltd". Middle East. Archived from the original on July 15, 2014. Retrieved July 14, 2014.
  5. ↑ Staff writer. "Vikas Goel". Business Week. Archived from the original on July 17, 2014. Retrieved July 14, 2014.
  6. ↑ Unknown date and author Seagate Expands Existing Distribution Relationship With eSys Archived 2014-07-14 at the Wayback Machine E-Channel News
  7. 1 2 CIO Staff (Nov 8, 2006). "Seagate Cans Distributor for Blocking 3rd-Party Audit". CIO. Retrieved July 14, 2014.
  8. ↑ "Singapore Trails Hong Kong in Diversifying Economy". Bloomberg. March 13, 2007. Retrieved July 14, 2014.
  9. ↑ Staff writer (Nov 27, 2011). "Transcend partners eSys Technologies". The Sunday Observer. Archived from the original on July 15, 2014. Retrieved July 14, 2014.
  10. ↑ Staff writer. "Snapshot". Bloomberg Businessweek. Archived from the original on July 17, 2014. Retrieved July 14, 2014.
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