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PRODWARE REVENUE DOUBLES Featured

 Acquisitions pushed revenue for France-based reseller ProdWare up 102.1 percent for the year ended December 31. Pro forma annual revenue for the Dynamics VAR “approaches” 700 million euro (approximately $747 million), the company said in a press release.

Actual revenue was roughly $411.7 million for 2023. The company purchased Westpole, Protinus and Nut Consulting last year which meant organic revenue growth from 2022 to 2023 was 5.1 percent. Prodware’s segment include integration/services, totalling approximately $77 million, an increase of 2.1 percent year-over-year. SaaS revenue grew 7.8 percent to about $60.4 million. International revenue was about $324 million, representing 78.8 percent of the total, compared to 53.1 percent of revenue for 2022. Westpole Belux, acquired in March, operated in the Belgium, Luxembourg, France. The deal introduced Prodware into Italy. Westpole, which offers managed services, digital infrastructure, and staffing services. employed 320 workers and had revenue of about  $42.3 million. Its business includes the cloud, security and compliance sectors and brought Prodware into the public sector and banking markets.  Protinus, purchased in October, had about $319 million in revenue in 2022. Operating the public sector in the Netherland, Protinus offered IT hardware, software and services he Netherlands. Acquired in December, Spain-based Nut Consulting was a Microsoft VAR, offering Dynamics BC and 365Power BI. It had 320 employees.

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