Infinigate Group Announces Strategic Priorities for the Upcoming Year
Rotkreuz, Switzerland, 15 May 2024 – Infinigate Group, a leading technology platform and trusted advisor in cybersecurity, cloud, and networking infrastructure, has outlined its strategic priorities following a year of continued growth and success in the MEA region.
Despite the economic downturn in Europe, Infinigate Group saw impressive growth in the past financial year, with the MEA region experiencing double-digit growth and healthy profit margins. Starlink, a part of Infinigate Group, exceeded market expectations with a remarkable 26% growth in MEA. In Europe, Infinigate Group saw slower growth due to the overall economic slowdown.
Throughout the financial year 2023-2024, Infinigate Group focused on generating recurring revenue from Software & Services, resulting in a record-breaking year. Software sales accounted for over 70% of total sales, with SaaS related revenue showing a 25% increase compared to the previous year.
Infinigate Group achieved several crucial milestones over the past year, including the successful integration of acquired companies, expanding their vendor portfolio to offer a wider range of best-of-breed solutions for cybersecurity, cloud, and network infrastructure. They also introduced Infinigate Financial Services to help partners address budget constraints and launched ID Connect, a gateway for seamless digital transactions and value-added services.
Infinigate Group also achieved a major milestone with the fully operational setup of the Infinigate Cloud platform, delivering their “Secure the Cloud/Secure the Network” value proposition to over 6,000 CSPs, MSPs, and MSSPs, generating $200 million Annual Recurring Revenue.
For the new financial year (2024-2025), Infinigate Group will focus on strengthening partnerships with Corporate System Resellers and Global System Integrators, accelerating the growth of their SaaS business, and enhancing their Cloud Center of Excellence to support their community of Cloud Service Providers (CSPs), Managed Service Providers (MSPs), and Managed Security Service Providers (MSSPs).
Infinigate Group is also investing in their professional services business, leveraging their large team of experts in cybersecurity, cloud, and networking infrastructure.
“Our goal at Infinigate is to achieve global coverage,” said Klaus Schlichtherle, CEO of Infinigate Group. “Over the next year, we will continue to expand organically and through acquisitions, expanding our presence in EMEA and building on our unique offering as a trusted advisor to channel partners. We are aiming for a revenue of €5 billion in the financial year 2027-2028, riding the wave of the growing cybersecurity market with our strategic programs and initiatives.”
Denis Ferrand-Ajchenbaum, Infinigate Group’s Chief Growth Officer (CGO), added, “We will support our channel and vendor partners by jointly targeting new opportunities with the help of our smart data analysis and lead generation engine. With our Infinigate cloud services and digital services hub, we have a significant opportunity to expand our coverage of MSPs and MSSPs in a dynamic market that prioritizes cybersecurity, leading to an increased demand for managed IT services as organizations face rising complexity and seek expertise.”
About Infinigate Group
Infinigate Group, a leading technology platform and trusted advisor in cybersecurity, cloud, and network infrastructure, operates in over 100 countries. In the financial year 2023-2024, Infinigate Group generated a revenue of 2.3B€. Their focus and deep technical expertise in cybersecurity, secure networks, and secure cloud for SMB and enterprise sets them apart. With 1,250 employees providing locally tailored services and a robust central supply chain, Infinigate Group fuels growth for their partners, MSSPs, and vendors.
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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