Distribution Central has crossed the milestone of $250 million in annual sales, growing from $1.6 million with 11 employees in 2004, to $252 million in sales for FY13 with 140 employees across A/NZ and Singapore.
Distribution Central executive chairman, Scott Frew, said when he first acquired and launched the company, some of its competitors said the company wouldn’t last.
“But of course they hadn’t changed business practices in the five years I was away. This left a gaping hole in the channel looking for change,” he said.
Frew mentioned that since its inception, DC has invested heavily in R&D to develop Software-as-a-Service (SaaS) solutions for the channel, and has also developed a dynamic work environment that has contributed to its ongoing growth and success.
“We’ve continued to invest significantly in systems and staff in what has been described as a tough year, but our growth and sound profitability in these past 12 months has validated our strategy more than ever,” he claimed.
“We’ve also spent the past year investing in more innovation that will be rolled out in the coming quarter to further enhance our success in every region we operate in.”
The company has also received a range of business, industry and vendor accolades, most recently ranked 31st in the 2013 BRW 50 Best Places to Work.
“We’ve experienced incredible growth and received a raft of business and industry accolades since then. [Distribution Central managing director] Nick Verykios and I were reflecting recently on the journey so far and the impact of last year’s investments will change the game once more,” Frew said.
FY13 also marks Distribution Central’s 10th year in operation and in celebration of the past 10 years, the company will be hosting a DC Delirium partner event in October.
“Nick and I are both thrilled that the past nine years have been the most exciting and successful we've ever had in an already colourful career. But what's more exciting now is that given the investments we have already made, the best is actually yet to come,” Frew added.