03/08/2004 - Arbitech Honored by Orange County Business Journal
RECENT AWARD CELEBRATES COMPANY’S ENTREPRENEURIAL SPIRIT
ORANGE COUNTRY, CA-(Business Wire)-March 8, 2003- In less than four years, Arbitech, LLC has been able to prove the power of an idea. Treating computers as commodities, Arbitech has been able to completely re-shape the market for computer systems and parts. That was the message delivered by The Orange County Business Journal (OCBJ) which awarded Arbitech with this year's "Excellence in Entrepreneurship Award."
The prestigious award was bestowed upon Arbitech by Quicksilver CEO Bob McKnight at an OCBJ sponsored luncheon. Arbitech was one of five Orange County companies that received the Excellence in Entrepreneurship Award and was the only company in the group representing the technology industry.
Borne out of a USC business school project and implemented by co-founders Torin Pavia and Will Poovey, the idea of using arbitrage - traditionally the domain of stock and currency markets - in the computer marketplace has proven to be a powerful one.
"We're fortunate in that our business model really matches the needs of the market," says Pavia. Capitalizing on inefficiencies in the distribution of computer systems and components, the company is able to distribute equipment much cheaper than larger firms. "This allows us to punch above our weight," he adds, "meaning that Arbitech competes daily with multi-billion dollar distributors --- and wins."
The culmination of these wins over the past four years has resulted in a business that will achieve sales in excess of $115M in 2004. For the past two years in a row, Arbitech has been singled out by Entrepreneur magazine and D&B as the second-fastest growing new company in America.
"Thus far, we've really been able to out-perform our expectations," says COO and co-founder Will Poovey, who sees revenues increasing another 30% this year. "The market's growing and we are firmly positioned to grow right along with it."
For additional information on Arbitech, visit www.arbitech.com.
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.