26 October 2015

People Move + Jobs Move

NJ Tech Council Awards 2014
Wayside gets $2.6M tax break for Oceanport move
Wayside Technology Group Inc WSTG plans to move from its Shrewsbury NJ  headquarters to the Oceanport portion of Fort Monmouth instead of Arizona after it was approved Thursday for a tax break of up to $2.6 million over 10 years, the chief executive officer Simon Nynens [in image to the left] said in an article from October 15, 2015.
Wayside would move more than 100 employees and create another 35 jobs in Fort Monmouth instead of moving to Mesa, AZ where it has another facility, Lifeboat Distribution.

What is http://www.lifeboatdistribution.com/ ?
Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), is an international value added distributor for virtualization/cloud computing, security, application and network infrastructure, business continuity/disaster recovery, database infrastructure and management, application lifecycle management, science/engineering, and other technically sophisticated products. The company helps vendors recruit and build multinational solution provider networks, power their networks, and drive incremental sales revenues that complement existing sales channels. Lifeboat Distribution services thousands of solution providers, VARs, systems integrators, corporate resellers, and consultants worldwide, helping them power a rich opportunity stream, expand their margin+ services revenues, and build profitable product and service businesses. For more information, visit http://www.lifeboatdistribution.com.
Lifeboat Distribution is a subsidiary of Wayside Technology Group.
In a July 30, 2015 Q2 results announcement Simon Nynens had this to say: "I am pleased to report solid financial results for Q2 2015. Overall, revenue increased 9% and Gross Profit increased 5% over the same period last year, due to continued strong performance from our Lifeboat Distribution team," said Simon F. Nynens, Chairman and Chief Executive Officer. "I am also pleased to announce that we have recently opened a Lifeboat Distribution sales office in Mesa, Arizona to enhance customer service for our Mid-west and West Coast customers . . .
Total sales for the second quarter of 2015 for our Lifeboat Distribution segment were $81.3 million compared to $70.0 million in the second quarter of 2014, representing an increase of $11.3 million or 16%.
http://news.sys-con.com/node/3392701

You can watch this dynamic CEO here in this YouTube video link > https://youtu.be/HC3dv8VPpNQ

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