eSys Technologies
{{Lowercase title}}
{{Infobox company
| name = eSys Global
| logo =
| type = Public
| foundation = Singapore
| founder = Vikas Goel
| location_country = Singapore, Sri Lanka
| area_served = Worldwide
| industry = Consumer electronics
}}
eSys Technologies is a distributor of Internet technology components.{{cite web | url=https://indianexpress.com/article/cities/chandigarh/accused-of-violating-allotment-rules-esys-contradicts-its-own-claim/ | title=Accused of violating allotment rules, eSys contradicts its own claim | date=31 October 2009 }} and by 2011 had more than 300 employees.{{cite news|last1=Staff writer|title=Transcend partners with eSys Technologies.|url=http://www.highbeam.com/doc/1G1-273304962.html|archive-url=https://web.archive.org/web/20140715115659/http://www.highbeam.com/doc/1G1-273304962.html|url-status=dead|archive-date=July 15, 2014|access-date=July 12, 2014|publisher=Daily News (Sri Lanka)|date=November 25, 2011}} It is a subsidiary of EZY Infotech Pte Ltd and in 2007 had $1.7 billion in annual revenues.
History
eSys Technologies was founded by Vikas Goel in 2000{{cite news|last1=Stack|first1=Jack|title=My Awakening|url=http://www.inc.com/magazine/20070401/features-my-awakening.html|access-date=July 14, 2014|publisher=Inc.}} who serves as chairman and CEO.{{cite news|last1=Staff writer|title=Vikas Goel|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=32852366&ticker=TLDI:IN|archive-url=https://archive.today/20140717183032/http://investing.businessweek.com/research/stocks/people/person.asp?personId=32852366&ticker=TLDI:IN|url-status=dead|archive-date=July 17, 2014|access-date=July 14, 2014|publisher=Business Week}} In 2005 the company's sales were almost $2 billion and they had established 112 offices across 33 countries.
Later the company partnered with Seagate Technology for product distribution in the US, Canada and Latin America. At that time, eSys covered 25 countries in Europe, Asia, Americas and Australia via a network of subsidiaries.Unknown date and author [http://e-channelnews.com/ec_storydetail.php?ref=405455 Seagate Expands Existing Distribution Relationship With eSys] {{Webarchive|url=https://web.archive.org/web/20140714221911/http://e-channelnews.com/ec_storydetail.php?ref=405455 |date=2014-07-14 }} E-Channel News However, in 2006 Seagate Technology ended its distributorship relationship with eSys Technologies after it denied Seagate Technologies the right to conduct a third party audit of its accounts.{{cite news|last1=CIO Staff|title=Seagate Cans Distributor for Blocking 3rd-Party Audit|url=http://www.cio.com/article/2443630/it-organization/seagate-cans-distributor-for-blocking-3rd-party-audit.html|access-date=July 14, 2014|publisher=CIO|date=Nov 8, 2006}} According to Seagate Technologies' 2006 third quarter financial filings, eSys Technologies owed them $50 million in distributorship fees, at that time. That same month eSys Technologies announced a global distribution agreement with Samsung{{cite news|last1=Press Release|title=eSys Technologies and Samsung sign global distribution agreement for Hard Disk Drives.(Samsung Electronics Company Ltd.|url=http://www.highbeam.com/doc/1G1-154327128.html|archive-url=https://web.archive.org/web/20140715133855/http://www.highbeam.com/doc/1G1-154327128.html|url-status=dead|archive-date=July 15, 2014|access-date=July 14, 2014|publisher=Middle East|date=Nov 13, 2006}} and reported to have 117 offices in 38 countries.
By 2007 the company had established four manufacturing facilities to produce its own retail products. It maintained distribution hubs in Singapore, New Delhi, Dubai, Los Angeles and Amsterdam and had $1.7 billion in annual revenues.{{cite news|title=Singapore Trails Hong Kong in Diversifying Economy|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKp5x.9MAWOI|access-date=July 14, 2014|publisher=Bloomberg|date=March 13, 2007}} In 2011 eSys became the exclusive distributor of products manufactured by Transcend Incorporated.{{cite news|last1=Staff writer|title=Transcend partners eSys Technologies|url=http://www.highbeam.com/doc/1P3-2520787181.html|archive-url=https://web.archive.org/web/20140715091541/http://www.highbeam.com/doc/1P3-2520787181.html|url-status=dead|archive-date=July 15, 2014|access-date=July 14, 2014|publisher=The Sunday Observer|date=Nov 27, 2011}}
The company is a subsidiary of EZY Infotech Pte Ltd. which has headquarters in Singapore plus branches in Australia, Bangladesh, India, Canada, Hong Kong, China, Croatia, Japan, Korea, Malaysia and Latin America.{{cite news|last1=Staff writer|title=Snapshot|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22613137|archive-url=https://archive.today/20140717183016/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=22613137|url-status=dead|archive-date=July 17, 2014|access-date=July 14, 2014|publisher=Bloomberg Businessweek}}
References
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Category:Information technology companies of Singapore