Specialist security distributor, Hemisphere Technologies, has gone through a rebranding, emerging with a new branding of Thousand Hands Technologies.
The company said its new corporate identity and logo reflects its recent restructure and leadership reshuffle, following the onboarding of Hong Kong-based investor, Harry Cheung, as a new company shareholder.
As a result, Thousand Hands Technologies sits under the larger Chinese company, Thousand Hands. The umbrella organisation maintains an investment portfolio within the IT security space, as well as investments in lifestyle mobile applications; and a distribution business with exclusive rights to Acronis' technologies across Greater China.
Terms of the acquisition - cemented on 23 December 2016 - saw its current managing director, Andrew Mamonitis, also become company shareholder, with Cheung taking up the role of chairman within the business.
Meanwhile, original co-founder, Peter Phokos, left the distributor to pursue other business interests.
Thousand Hands Technologies managing director, Andrew Mamonitis, said the rebrand reflects the consolidation of the company’s different business units.
“The name change is really the culmination of our efforts to bring the company into line with our strategic growth objectives. It means we can leverage off increased opportunities made possible by the company’s recent changes, all under the one banner,” he said.
Mamonitis mentioned that Cheung’s entry into the A/NZ market is expected to result in a “significant injection of capital” for the specialist distributor, in turn, expanding the company’s reach across Asia-Pacific.
At the time, Mamonitis said he wecolmed Cheung and the company’s new strategic direction as an "exciting opportunity within a fast-growing, dynamic environment".
“Having seen what drives success across the channel, I can see Hemisphere has all the right indicators in place.”
“That includes the strong relationship that Hemisphere has with its channel partners, the quality of vendors in its portfolio, the value add services it provides and importantly, the trajectory of the rate of business growth,” he added.
As part of the new strategic direction, Kirk Jones joined the distributor on 1 March to the newly created role of Channel Director, with the industry veteran exiting his role at AC3.
Alongside new appointments to its team, including fleshing out the sales team, the distributor has also seen a diversification in its portfolio, with a number of new partnerships with global IT security companies.
Thousand Hands Technologies has also shared plans to launch a new lifestyle mobile application in the A/NZ market, aiming to provide an online marketplace for users to outsource everyday tasks to customers.
“We’re carrying forward the momentum we’ve developed with our channel partners. This new shift helps ensure that as our partners grow, we’ll be there along the way helping them access new technologies and the multiple service offerings essential to their business,” Mamonitis said.
Cheung was previously president of Information Security One, recognised as one of the top providers of information security in China, as well as managing director of Beijing Gloryson Technology Co, the sole distributor of Trend Micro in China.
In 2008, he took the role of managing director of Kaspersky Lab Asia-Pacific, introducing the business to the market virtually from scratch, forming a close working relationship with Mamonitis, who was the A/NZ managing director until February 2016.