QBS Technology Group has made a majority investment in Turkey-based cybersecurity distributor InfoNet as part of its plan to achieve a $1bn valuation by 2030.
Founded in 1987, QBS Technology Group, including QBS Software, supports tech companies and channel partners in boosting efficiency and growth.
QBS’ CEO Dave Stevinson said: “Turkey has been on our radar for some time, but finding a company with the right fit was of utmost importance.
“We look forward to supporting the InfoNet business and strategy, and welcoming our new colleagues into the QBS Technology Group.”
InfoNet employs 32 cybersecurity experts across its Istanbul and Ankara offices.
InfoNet’s Chairman of the Board Kemal Ciliz added: “Our business has experienced. However, to reach the next level, we required a partner with a shared vision for the company as well as having similar values.”
This first investment of 2023 adds brands like Allot, Checkpoint, EfficientIP, Firemon, ForcePoint, Ipswitch/Progress, Indeni, RSA, and Trend Micro to QBS's portfolio, with more acquisitions expected.
