05/28/2003 - Arbitech Named America's 2nd Fastest Growing Company -- Again
Orange County, CA-(Business Wire)-May 27, 2003-For the second year in row, Arbitech, LLC was named the second fastest growing new company in America by Entrepreneur magazine and D&B. Featured in the magazine's new "Hot 100" issue, the independent computer product distributor finds itself again recognized as one of the nation's most forward-thinking new businesses.
Founded less than three years ago, Arbitech is already seen as having revolutionized the Tier-One market by treating computers as a commodity and thereby capitalizing on the market's inefficiencies. The business model, based on an MBA thesis by the company's co-founder and CEO Torin Pavia, essentially applies the concept of arbitrage to the technology market. Indeed the firm's name is derived from "Arbitrage Technologies."
"Most people don't think of computer memory being a commodity like corn, but Arbitech does," CEO Pavia is quoted as saying in the magazine's feature. "We take a securities and commodities approach. It's very much like Merrill Lynch or PaineWebber. Why reinvent the wheel?"
Given the company's explosive early success, Arbitech's version of arbitrage seems to be translating quite well to the technology market. The editors of Entrepreneur concur, writing that "Arbitech is blazing its way as a less expensive independent to big computer products distributors such as Ingram Micro and Tech Data", the leading Tier-One distributors of computer products.
CEO Pavia adds, "Arbitech grew exponentially in one of the worst technology markets ever. As technology spending increases in the coming months, Arbitech is perfectly poised to capitalize on it and drive significant value and profits to our partners."
Entrepreneur's 9th annual listing of America's fastest growing new companies was compiled by D&B, the venerable provider of global business information, and is based on 2002 sales figures.
Arbitech, LLC, founded in August 2000, has achieved over a billion dollars in total sales. Arbitech is the nation's leading independent distributor of servers, storage, virtualization, networking and mobile solutions including IBM, HP, Cisco, Juniper, Sonicwall, VMWare, Kingston, Lenovo and other manufacturers. By offering creative, cost-effective solutions, Arbitech enables its reseller partners to win more business and earn additional profit margin. For more information please visit www.arbitech.com.