Networking and data storage distie, Lan 1, is looking to double its revenue from $30 million to $60 million within the next two years, Lan 1 managing director, Daniel Lee, said.
Lee was speaking at Lan1's 24th Christmas dinner last week with more than 70 of its staff and partners at Ocean Room, Sydney. Vendors that attended include: SafeNet, Motorola, Ruckus, D-Link, Aastra, Iomega, Dell SonicWall, and Alcatel-Lucent.
Over dinner, Lan 1 managing director, Daniel Lee, announced the company’s plans going forward into 2013. Lee said the company's goal is ambitious, but achievable given the right strategy.
To help promote the growth, it will be getting more involved in the channel.
“Our vendors are an important part of the ecosystem as well. It is our intention to protect the existing business and accelerate our growth over the next two years,” he said.
Lan 1 was recently acquired by investment firm, Hills Holdings (ASX:HIL), in October but they will both operate as two separate entities.
“The Lan 1 DNA will not change. With the strong backing of Hills and corporate governments, market reach and the ability to significantly fund larger projects will be made more achievable,” Lee added.
Hills Holdings managing director and CEO, Ted Pretty, claimed that the company is looking to further acquire smaller companies in spaces such as managed services, IT services and communication services.
“We are going to focus more closely and particularly on the electronics, communications and IT sectors, and Lan 1 is a very important part of what we are about to do,” he added.
Lan 1 also took the opportunity to acknowledge the work of some of its most dedicated staff, providing them with tokens of appreciation.Read more: Project delays set to impact Hills financial results