Venus Concept Announces New International Distributors in the United Kingdom and India to Continue Global Growth
18 Décembre 2023 - 1:30PM
Venus Concept Inc. ("Venus Concept" or the "Company") (NASDAQ:
VERO), a global medical aesthetic technology leader, announced the
expansion of its international distributor network with the signing
of two new exclusive partnerships: Core Aesthetics Skin & Laser
Limited (“Core Aesthetics”) in the United Kingdom and Spectra
Medical Systems (“Spectra”) in India. Both regions are high growth
markets for the Company. The execution of these agreements
represents an important step towards Venus Concept’s focus of
driving international growth through strong distributor
partnerships.
"We are excited to continue developing our
distributor network in important markets. This transition allows us
to leverage local expertise to grow our revenues in these regions
and refocus our resources towards the U.S. and other profitable
direct markets as we continue to execute on our restructuring
efforts," said Rajiv De Silva, Chief Executive Officer of Venus
Concept. “We look forward to working with the teams at Core
Aesthetics and Spectra to build the Venus Concept business in the
United Kingdom and India.”
Core Aesthetics established its roots in London.
Its founder, Michael Dodd, was a former partner of Venus Concept in
the UK and helped facilitate the successful launch of Venus Viva
and distribution of Venus Legacy and Venus Versa within the region.
Core Aesthetics brings years of industry experience and a
reputation as a trusted distributor. It will begin its sale,
service and training of the Company’s products in the United
Kingdom in January 2024, catering to the comprehensive needs of its
highly valued clientele.
Spectra is a leading medical equipment
distributor based in Chennai, India, with branch offices throughout
the entire country and over 125 dedicated sales personnel focused
on providing customers access to the latest and best technologies
in the industry. Spectra brings extensive experience distributing
for major global aesthetic brands and will enable Venus Concept’s
diverse portfolio to reach renowned clinics and doctors throughout
the region. Spectra will assume the responsibility of providing
customer and technical support and handling all aspects of
commercial operations, including sales, marketing, post-sale
support and customer education.
“We take immense pride in our association with
Venus Concept, renowned for its high-quality, state-of-the-art
devices,” said Michael Dodd, Chief Executive Officer of Core
Aesthetics. “Our journey with the Venus Concept brand has been
marked by a commitment to excellence and a dedication to providing
our clients with the most advanced aesthetic solutions
available.”
“Spectra is thrilled to be the exclusive
distributor for Venus Concept’s products in India,” said
Ramamoorthy Sundraram, Managing Director of Spectra Medical
Systems. “The aesthetic industry in the region continues to grow
rapidly and Venus Concept’s world-class brand and extensive product
portfolio of energy-based and hair restoration devices will be a
perfect fit for clinics looking to provide best-in-class results to
customers.”
About Venus Concept
Venus Concept is an innovative global medical
aesthetic technology leader with a broad product portfolio of
minimally invasive and non-invasive medical aesthetic and hair
restoration technologies and reach in over 60 countries and 14
direct markets. Venus Concept's product portfolio consists of
aesthetic device platforms, including Venus Versa, Venus Legacy,
Venus Velocity, Venus Fiore, Venus Viva, Venus Glow, Venus Bliss,
Venus BlissMAX, Venus Epileve, Venus Viva MD and AI.ME. Venus
Concept's hair restoration systems include NeoGraft® and the ARTAS
iX® Robotic Hair Restoration system. Venus Concept has been backed
by leading healthcare industry growth equity investors including EW
Healthcare Partners (formerly Essex Woodlands), HealthQuest
Capital, Longitude Capital Management, Aperture Venture Partners,
and Masters Special Situations.
About Core Aesthetics Skin & Laser
Limited
Core Aesthetics Skin & Laser Limited, a
leading provider of cutting-edge aesthetic solutions, with
extensive experience working with Venus Concept in the United
Kingdom. The Core Aesthetics team boasts decades of experience in
the medical aesthetic field and expertise in understanding the
needs of customers.
About Spectra Medical
Systems
Spectra Medical Systems is known for embracing
and promoting world class brands, scientifically advanced and
high-end technologies that help doctors create a healthier, happier
and intelligent skin care future and perfect body
contours. Spectra’s working model is grounded on 3 core
pillars: provide innovative products for every skin concern through
customized distribution policies, excellence in customer education
and unparalleled customer support. Spectra has successfully
introduced an array of latest and the best technologies in the
industry that have been widely trusted and used by thousands of
renowned clinics and doctors in India and neighboring countries
over the past decades.
Investor Relations Contact:
ICR Westwicke on behalf of Venus Concept:
Mike Piccinino, CFA
VenusConceptIR@westwicke.com
Venus Concept (NASDAQ:VERO)
Graphique Historique de l'Action
De Août 2024 à Sept 2024
Venus Concept (NASDAQ:VERO)
Graphique Historique de l'Action
De Sept 2023 à Sept 2024