Independent Research Firm Cites Arrow Electronics’ ArrowSphere Platform as a “Strong Performer” in Marketplace Development Platforms Evaluation

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) announced that its cloud marketplace, ArrowSphere, has been recognized as a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021. The report highlights ArrowSphere's effectiveness for tier-two channel partners, stating it enhances cloud business efficiency. ArrowSphere received high marks in operations management, seller management, and pricing strategies. Kristin Russell, president of Arrow’s global enterprise computing solutions, expressed pride in the recognition, asserting it validates ArrowSphere's position in the market.

Positive

• ArrowSphere named a Strong Performer in The Forrester New Wave report.
• High ratings received in operations management, seller management, and pricing strategies.
• Recognition aligns with Arrow's commitment to support IT solution and service providers.

Negative

• None.

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics (NYSE:ARW) announced today that ArrowSphere, its award-winning cloud marketplace and management platform, was named a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021 report. Arrow was among a select group of companies invited to participate in the New Wave evaluation.

ArrowSphere “is the best fit for tier-two channel partners looking to boost their cloud business,” the report noted, and “managed service providers and value-added resellers can use ArrowSphere to boost their cloud revenue by simplifying how they sell cloud services….” In addition, “Customer references liked the benefits they saw from increased speed and accuracy of creating quotes and modifying existing orders….”

“It’s an honor to be recognized as a strong performer in this Forrester New Wave report, as we believe it validates that ArrowSphere is one of the most comprehensive global platforms for selling XaaS products,” said Kristin Russell, president of Arrow’s global enterprise computing solutions business. “Arrow is committed to providing IT solution and service providers with tools that help them and their customers deliver business outcomes, and ArrowSphere is one of our differentiated offerings.”

Forrester is a leading independent research company, and this report used 10 criteria to evaluate each providers’ current product offering, strategy, and market presence. ArrowSphere earned a differentiated rating in the operations management, seller management, digital service catalog and pricing and fee schedule criteria.

The report is available for download here.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 180,000 leading technology manufacturers and service providers. With 2020 sales of $29 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005146/en/

Arrow Electronics, Inc.

John Hourigan

jhourigan@arrow.com

Source: Arrow Electronics

FAQ

What recognition did Arrow Electronics receive for ArrowSphere?

Arrow Electronics was recognized as a Strong Performer in The Forrester New Wave™: Marketplace Development Platforms, Q4 2021.

What criteria did ArrowSphere excel in according to Forrester's report?

ArrowSphere received high ratings in operations management, seller management, and pricing strategies.

How does ArrowSphere benefit tier-two channel partners?

ArrowSphere helps tier-two channel partners boost their cloud business by simplifying the sales process for cloud services.

Who commented on ArrowSphere's recognition in the Forrester report?

Kristin Russell, president of Arrow’s global enterprise computing solutions, commented on the recognition.

Where can I find more information about the Forrester report on ArrowSphere?

The Forrester report on ArrowSphere is available for download from Arrow's official site.