Switzerland-based cybersecurity distributor Infinigate aims for €5bn in revenues by 2027-2028, despite a European slowdown.
The company grew in the year ending March 2024, with the MEA region achieving double-digit growth and strong profits. Starlink, acquired in 2022, boosted MEA growth by 26%.
In 2023-2024, Infinigate focused on software and services, leading to record results. Software sales were over 70% of total revenue, and SaaS revenue rose by 25%.
Infinigate CEO Klaus Schlichtherle (pictured) said: "Infinigate's clear goal is to achieve global coverage. Over the year ahead, we will expand both organically and acquisitively, widening its EMEA footprint and building on its offering, centred on cybersecurity specialism, as a trusted advisor to channel partners."
"We are targeting a revenue of €5bn for the financial year 2027-2028, intercepting the ongoing growth of the cybersecurity market, boosted by the company's strategic programmes and initiatives."
For 2024-2025, Infinigate has three key objectives: Strengthen partnerships with corporate system resellers and global integrators.
Accelerate SaaS business growth to meet rising cloud solution demand. Enhance the Cloud Center of Excellence for CSPs, MSPs, and MSSPs.
Infinigate is also investing heavily in its professional services to provide support to partners and clients.
