06/09/2004 - Arbitech Named America's Fastest Growing Company
Orange County, CA-(Business Wire)-June 9, 2004- Arbitech, LLC was rated the fastest growing new business in America by Entrepreneur magazine and Dunn & Bradstreet for increasing sales to $86M in 2003. In the magazine’s June 2004 HOT 100 issue, Arbitech advanced from the number two position it earned in both the 2003 and 2002 editions to claim the #1 spot in 2004.
Founded less than four years ago, Arbitech has quickly risen to be the largest independent distributor of technology products in the United States, counting as customers some of the leading resellers, VARs and technology consulting companies in the U.S. and Latin America. The company has grown by expanding relationships with existing customers and finding new partners eager to benefit from competitive pricing and access to products not readily available through “Tier-One” distributors.
“We are very pleased with the growth and success our company has realized over the past four years,” states Arbitech’s CEO Torin Pavia. “Achieving the #1 spot on Entrepreneur’s HOT 100 is largely attributable to the culture we’ve developed, which puts the customer first and empowers our traders to responsibly manage these relationships."
Arbitech’s growth and dominance in the niche of new and discontinued technology products has allowed it to “position itself as a complementary company alongside industry giants Tech Data and Ingram Micro, while still competing with them”, cites Entrepreneur. More importantly, Arbitech offers “incredibly competitive prices to their reseller clients, many of whom rely on Arbitech as a lifeline for staying profitable in competitive times.”
“The recognition from Entrepreneur underscores the business model and benefit we bring to the market,” says Arbitech co-founder and COO Will Poovey. “Over the coming months, with new initiatives and a focus on existing relationships, we are confident we will continue to enjoy double digit growth, while empowering our customers to increase profits and, in some cases, to stay in business.”
Pavia concurs, adding that “Arbitech grew exponentially in one of the worst technology markets ever. Technology spending is now increasing, and we are seeing a very positive impact.”
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.