Infinigate Group Outlines Strategic Priorities for 2024-2025 Following Continued Growth in MEA
Rotkreuz, Switzerland – The Infinigate Group, a leading technology platform and trusted advisor in cybersecurity, cloud, and networking infrastructure, has announced its strategic priorities for the upcoming financial year following a successful year of growth in 2023-2024.
Despite a challenging market affected by the economic downturn in Europe, the Infinigate Group saw continued growth during the financial year ended in March 2024. The MEA region was a particular highlight, experiencing double-digit growth and healthy profit margins. In particular, Starlink, a part of the Infinigate Group, outperformed the market with a 26% growth in MEA. While across Europe, Infinigate was affected by the overall slowing down of the economy, it still managed to grow at a slower rate.
During the financial year 2023-2024, the Infinigate Group focused on generating Software & Services recurring revenue, which resulted in a record year performance. Software represented over 70% of total sales, and SaaS related revenue saw a 25% growth compared to the previous year.
Infinigate also achieved several critical milestones during the past year, including the successful integration of acquired companies, resulting in synergistic gains. The company also expanded its vendor portfolio to offer a wider range of best-of-breed solutions in cybersecurity, cloud, and network infrastructure.
Furthermore, the launch of Infinigate Financial Services helped partners address CapEx and cash budget constraints, securing long-term revenue streams without impacting their cash flow. In addition, the introduction of ID Connect, Infinigate’s gateway to seamless digital transactions and value-added services, enabled partner growth with cloud services, technical training, professional marketing, and the fully operational setup of the Infinigate Cloud platform. This platform delivers Infinigate’s “Secure the Cloud/Secure the Network” value proposition and currently addresses 6,000 CSPs, MSPs & MSSPs, generating $200 million Annual Recurring Revenue.
For the new financial year (2024-2025), Infinigate’s focus will be on strengthening its partnerships with the Corporate System Reseller and Global System Integrator ecosystems, accelerating the fast-growing development of its SaaS business, and enriching the value proposition of its Cloud Center of Excellence. This center is designed to help and support Cloud Service Providers (CSPs), Managed Service Providers (MSPs), and Managed Security Service Providers (MSSPs) communities.
Infinigate also plans to invest in accelerating its professional services business as the leading technology platform and trusted advisor in cybersecurity, cloud, and networking infrastructure. This investment is built on the company’s large contingent of professional services experts.
Klaus Schlichtherle, CEO of the Infinigate Group, stated, “Infinigate’s clear goal is to achieve global coverage. Over the year ahead, Infinigate will expand both organically and acquisitively, widening its EMEA footprint and building on its unique offering, centered on cybersecurity specialism, as a trusted advisor to channel partners. We are targeting a revenue of €5 billion for the financial year 2027-2028, intercepting the ongoing growth of the cybersecurity market, boosted by the company’s strategic programs and initiatives.”
Denis Ferrand-Ajchenbaum, Infinigate’s Chief Growth Officer (CGO), added, “We’ll fuel and support our channel and vendor partner growth over the year ahead through joint targeting of new opportunities guided by our smart data analysis and related lead generation engine. We have a considerable opportunity with Infinigate cloud services and our digital services hub to expand our MSP & MSSP coverage in a highly dynamic market that is investing in cybersecurity as a priority, and where demand for managed IT services is rising as complexity increases and organizations seek expertise.”
The Infinigate Group, with over 1,250 employees, covers over 100 countries and achieved a revenue of 2.3B€ in the 2023-2024 financial year. In 2022, Starlink, Vuzion (now Infinigate Cloud), and Nuvias joined the Infinigate Group. For more information, please visit www.infinigate.com.
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