Big year of acquisitions boost Infinigate revenue growth

The Swiss distribution giant reported €2.2bn in revenues for 2022-23 financial year

Cybersecurity VAD Infinigate reported €2.2bn (£1.9bn) in revenues for the financial year ending in March 2023.

Results showed an increase in both revenues and profits, aided by organic growth, acquisitions, a rise in synergies and cost savings conducive to business efficiency.

In 2022, Infinigate acquired distribution houses Nuvias, Vuzion and Starlink to extend its geographic reach, skill set, secure solutions, and services roster.

These acquisitions brought together more than 1,300 employees across Europe, the Middle East and Africa - an integration which the distributor said is "progressing well".

"Growth is integral to our strategy and to our brand, as well as our promise to all our channel and vendor partners," explained Klaus Schlichtherle, CEO of the Infinigate Group.

"We have a track record of above industry-average, double-digit growth, which we sustained for the past 15 years, and plan to continue.

"I am deeply grateful to all employees across EMEA and congratulate them on their extraordinary performance which enabled us to end up above plan across all key performance indicators."

Based on increased resources and continued strong demand for cybersecurity across a wider territory, Infinigate said it anticipates to level-up by double-digits for another year, with an expected 20 per cent growth rate.

"We have never made a secret of our ambition to grow to a global cybersecurity distribution powerhouse," Schlichtherle added.

"Our stated financial target is a €5bn (£4.3bn) top-line by 2027, achieved through a combination of organic growth and additional acquisitions, which will extend our geographical footprint, benefitting our vendor partners."

The Swiss distributor says the emphasis going forward will be on accelerating digitalisation, expanding the portfolio of cybersecurity solutions through the addition of complementary new vendors and geographic expansions of the existing portfolio for a comprehensive range that gives channel partners the best chance for success.