July 24, 2014 5:05 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Lifeboat Distribution, Inc.

Company Overview

Lifeboat Distribution, Inc. distributes and sells software products to solution providers, value added resellers, systems integrators, corporate resellers, and consultants worldwide. The company provides virtualization/cloud computing, security, application and network infrastructure, business continuity/disaster recovery, database infrastructure and management, application lifecycle management, business productivity, science/engineering, and other technically sophisticated software products. It also offers professional services, such as design and implementation engagement services, and certification services; and technical training services. The company was founded in 1995 and is based in ...

1157 Shrewsbury Avenue

Shrewsbury, NJ 07702-4321

United States

Founded in 1995

Phone:

732-389-0037

Fax:

732-389-2066

Key Executives for Lifeboat Distribution, Inc.

Vice President and General Manager
Age: 56
Compensation as of Fiscal Year 2014.

Lifeboat Distribution, Inc. Key Developments

Lifeboat Distribution, Inc. Announces Distribution Agreement with Quantec SA

Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc., has announced an exclusive agreement with Quantec SA to distribute that company's IndependenceKey portable encryption device to security resellers and solution providers throughout the US, Canada, Latin America and the Caribbean. IndependenceKey is the smallest and fastest portable encryption device on the market. IndependenceKey allows individuals to store sensitive data locally or in the cloud, share information across public and private networks, and participate in safe, secure VOIP phone calls, all with the assurance of 100% hardware AES 256-bit encryption.

Embarcadero Expands Market Reach of its Application Development Solutions with Lifeboat Distribution Master Distributor Partnership

Embarcadero Technologies announced Lifeboat Distribution for Embarcadero's software development solutions. This extends an existing 10-year relationship between the two companies. The extended Embarcadero-Lifeboat partnership will allow Embarcadero to expand its market reach for its products and meet the high mobile demand by tapping into Lifeboat's broad reseller network in the United States and Canada.

Lifeboat Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Lifeboat reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. Net sales for the third quarter of 2013 were $56.9 million compared to $56.0 million in the third quarter of 2012, representing an increase of $0.9 million or 2%. The increase in Net Sales were mainly a result of the strengthening of account penetration. Total gross profit for the quarter was $3.8 million compared to $3.7 million in the third quarter of 2012, representing a 4% increase. The increase in gross profit was due to higher sales volume in the current year. For the nine months, the company reported revenue of $171.9 million compared to $158.8 million reported in the same period last year. Gross profit was $12.1 million against $11.3 million reported last year.

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