Infinigate Group Reports Strong Financial Results
Switzerland, 6 November 2024 – Infinigate Group, a leading technology platform and trusted advisor in cybersecurity, cloud and network infrastructure, has announced strong financial results for the first half of the 2024-2025 financial year, with revenue reaching €1.2 billion.
Despite the ongoing challenging macro-economic climate, Infinigate has seen a substantial increase in growth, with a 14% increase compared to the same period last year. The company’s strongest growth engine remains to be the Middle East and Africa (MEA) region, led by Starlink. However, Europe has also shown signs of improvement, with high single-digit revenue growth, and the United Kingdom leading the way. The recently added Asia-Pacific (APAC) region, as a result of the Wavelink acquisition in July 2024, has also contributed to the company’s overall growth.
This positive trend can be attributed to several factors, including a more favorable economic climate, the continuous growth of the cybersecurity market, Infinigate’s expanding portfolio of cybersecurity solutions in partnership with leading vendors, and an expanding network of channel partners. The company has also invested in an ongoing automation and digitalization program to enhance efficiency in product and service delivery.
The outlook for the second half of the financial year remains optimistic, with expectations for a further improvement in market conditions. There will also be a significant focus on expanding Infinigate’s Managed Security Services (MSSP) offering through Infinigate Cloud, and continued growth in the company’s portfolio in partnership with leading cybersecurity vendors. Industry analysts have also forecasted a global growth of over 10% in the cybersecurity market in the coming years.
“We are pleased with the first half results, as it shows a new growth trend for Europe. We are confident that our investments in strong partnerships with vendors and channel partners will lead to improved results as we enter the second half of the year. We hope to see a continuous improvement in the economy,” said Klaus Schlichtherle, CEO of the Infinigate Group. “We are prepared to capitalize on the growth in the cybersecurity market, which is expected to be a top priority for businesses globally, as there is a growing awareness of the need to improve cyber resilience and raise cybersecurity standards, as shown by NIS2, CRA, and DORA.”
Kristiina Leppänen, CFO of the Infinigate Group, added, “The first half results, with significant growth above the market trend, provide a solid foundation for us to build on. Our revenue growth is a result of our investments in our portfolio, strong partnerships, and operational excellence, all while navigating challenging economic conditions. We expect to see continued growth in the second half of the financial year.”
Denis Ferrand-Ajchenbaum, Chief Growth Officer for the Infinigate Group and Managing Director of Infinigate Cloud, stated, “Our success can be attributed to our extensive and growing portfolio, as well as our close partnerships with leading cybersecurity vendors. In the past six months alone, we have added six new vendors and expanded our collaboration with six existing ones. The company’s future growth is based on our robust pipeline, with Infinigate Cloud being a significant asset, and our role as an advanced Managed Security Services Distributor (MSSD), in line with the expected increase in demand for managed security services, where the channel plays a crucial role. The Infinigate Cloud marketplace provides an excellent foundation for us to expand our Software as a Service (SaaS) and professional services offerings, which our channel partners can leverage for their own growth.”
About the Infinigate Group
Infinigate Group is a leading technology platform and trusted advisor in cybersecurity, cloud, and network infrastructure, covering over 100 countries across Europe, the Middle East, and Africa (EMEA), Australia, and New Zealand. In the 2023-2024 financial year, the company recorded a revenue of 2.3 billion euros. Its focus and deep technical expertise in cybersecurity, secure networks, and secure cloud for small and medium-sized businesses and enterprises set it apart from its competitors. With 1,250 employees, Infinigate provides locally tailored services in addition to a robust central supply chain, driving growth for partners, Managed Security Service Providers (MSSPs), and vendors.
In 2022, Starlink, Vuzion (now Infinigate Cloud), and Nuvias became part of the Infinigate Group, while Wavelink joined as a company in 2024, expanding the company’s coverage in the Australian and New Zealand (ANZ) market.
For more information, please visit www.infinigate.com.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.