Cybersecurity Infinigate reported £1.9 billion in revenues for the financial year ending in March 2023.
Revenues and profits increased thanks to organic growth, acquisitions and cost savings conducive to business efficiency.
It was a busy year on the acquisition front. In 2022, Infinigate acquired Nuvias, Vuzion and Starlink distribution houses 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 the distributor said is “progressing well”.
Infinigate Group CEO Klaus Schlichtherle said: “Growth is integral to our strategy and to our brand, as well as our promise to all our channel and vendor partners.”
“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.”
The company’s “financial target is a £4.3 billion top-line by 2027, achieved through a combination of organic growth and additional acquisitions, which will extend our geographical footprint, benefitting our vendor partners, Schlichtherle said.
The next part of the plan will be 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, he said.
