Provenco subsidiary Vantex partners with IBM

Provenco subsidiary Vantex partners with IBM

Listed technology company Provenco Group Limited (NZX:PVO) has partnered through its subsidiary, Vantex Technology Distribution Limited, with global information technology company IBM (NYSE: IBM).

Under the partnership, Vantex, Australasia’s largest distributor of point-of-sale equipment, will distribute IBM point-of-sale hardware to New Zealand resellers.

It is the first time IBM has appointed a distributor for its point-of-sale hardware in New Zealand.

Provenco chief executive, David Ritchie, said the partnership validated Provenco and Vantex’s in-depth knowledge of, and experience in, the New Zealand market.

“Vantex is the most experienced supplier of point-of-sale equipment in New Zealand and

IBM is the premier worldwide supplier of point-of-sale systems, with over 3.5 million units shipped and over 2.2 million installed in more than 100,000 stores in over 100 countries. IBM has been providing dependable point-of-sale solutions to the global retail industry for 30 years.”

Vantex has extensive networks within its New Zealand business with bases in the North and South Islands.

Vantex general manager, Rhys Warren said the partnership between IBM and Vantex represents an opportunity for both companies to expand their business in New Zealand and that he’s looking forward to working with IBM.

The IBM point-of-sale equipment Vantex will distribute includes IBM branded touch screen terminals, point-of-sale terminals, printers and kiosks.

Retail Store Solutions Executive for IBM Australia/New Zealand, Julia Romaniotis, said the partnership represented an opportunity for IBM to connect with resellers they had not previously worked with, and to further business opportunities in New Zealand.

“IBM is the global leader in point-of-sale hardware technology and to promote that position we need highly effective distributors and distribution channels. We are impressed with Vantex’s knowledge of the local market, it’s extensive network, it’s reliability and ability to make things happen,” said Ms Romaniotis.

Mr Ritchie said the potential for mutual gains for IBM, Provenco and Vantex through the partnership are exciting.

“Vantex and Provenco continue to go from strength to strength. This is an excellent development for us and IBM,” said Mr Ritchie.

Ends

About Provenco

Provenco Group Limited is a New Zealand-founded technology company operating globally with customers in over 25 countries. Listed on the New Zealand stock exchange (NZX: PVO), the company has a number of international offices including those in Beijing, Kuala Lumpur, Melbourne and Sydney.

After more than 30 years on the technology scene, Provenco has evolved into a sound and diverse company. With a heritage in Eftpos and payment solutions, Provenco’s business now extends across a range of technology applications for the retail environment.

The company’s growing diversity is reflected in each of the key areas of its operations today – providing forecourt solutions for the international retail oil industry; payment technology and Eftpos in the domestic New Zealand market; and retail technology including mobile and wireless technology for the Australasian market.

Provenco’s tailored solutions for retail business environments use a combination of internally-developed software and hardware, as well as top international brands.

About Vantex Technology Distribution Limited

Vantex Technology Distribution Limited (Vantex) is wholly-owned by Provenco and is Australasia's largest point of sale and mobile and wireless distribution business with the most extensive hardware range on offer.

Vantex operates as a single business entity across Australasia and offers seamless service and delivery to all clients from bases in Melbourne, Sydney, Brisbane, Auckland and Christchurch.

Vantex is the result of the merger of three businesses. In 2003, Provenco acquired Auckland-based Transtech. In 2005, Provenco acquired Sydney-based Javelin Systems, followed by the Vantex distribution businesses in Melbourne and Christchurch. In mid-2005, all three businesses were rebranded as Vantex.

For more information, visit www.provenco.com or www.vantex.com.au

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