Distributor Snappernet has undergone an ownership change with Richard Paul now sole director. Former co-directors Mark Forbes and John Gould have sold their stakes to Paul, saying in a statement they will pursue "personal priorities and other business opportunities".
According to Gould, the timing was right for the buyout.
“Richard [Paul] was the driving force behind Snappernet and from my point of view I felt it was time to move on and give Richard the opportunity to further develop what I think has become a successful and well-regarded company.”
Forbes says, “Richard is very professional in his approach to business, has a great relationship with customers and vendors, and has a good understanding of the industry and Snapper[net]'s products.”
Paul says he is confident in his ability to take the company forward, as he has nine years experience in general management.
“Mark [Forbes], John [Gould] and I are happy with the financial position of the company and I'm confident in the systems we have put in place. John and Mark’s input into the company to date has been huge. Their knowledge and experience has been invaluable."
Paul adds the company is ahead of its end-of-year financial targets.
“2010 will be focused on trying to maintain that momentum while looking at some workflow efficiencies to improve our service performance,” he says.
Snappernet started in 2000 as a division of Ultra Computer Company. It represents brands including LevelOne, Micronet, Raritan, QNAP, Draytek, Sena, Patton Electronics, McAfee, and Snom.