Infinigate sets ambitious goals for FY 2024-2025 expansion
Infinigate Group, a leading technology platform and trusted adviser in cybersecurity, cloud and networking infrastructure, has disclosed its strategic priorities for the 2024-2025 financial year, following a year of continued growth despite challenging economic conditions in Europe. Specifically, the MEA region was a bright spot in the past financial year, seeing double-digit growth, with Starlink, a part of the Infinigate Group, generating 26% growth in the region.
The company pursued a targeted strategy that focussed on generating recurring Software & Services revenue in the 2023-2024 financial year. As a result, Infinigate saw a record performance, with software sales accounting for over 70% of total sales. Moreover, revenues related to Software as a Service (SaaS) witnessed a 25% growth compared to the previous year.
During the past year, Infinigate hit important milestones including successful integration of companies it had acquired, which led to synergistic gains. The company also extended its vendor portfolio to include a wider range of solutions addressing all aspects of cybersecurity, cloud, and network infrastructure. As part of its strategic launch, Infinigate introduced Financial Services to assist partners in addressing CapEx and cash budget constraints while securing long-term revenue flows without affecting their cash flow. Additionally, Infinigate launched ID Connect, a gateway to seamless digital transactions, and value-added services to facilitate partner growth. ID Connect includes cloud services, technical training, professional marketing, and the fully operational setup of the Infinigate Cloud platform.
Looking to the future, Infinigate's strategy for the new financial year 2024-2025 will concentrate on reinforcing its alliances with the Corporate System Reseller and Global System Integrator ecosystems, as well as quickening the growth of its already burgeoning SaaS business. Furthermore, the organisation seeks to enrich the value proposition of its Cloud Center of Excellence.
The firm's evident ambition is to reach global coverage. To realise this, Infinigate intends to expand organically and acquisitively over the coming year, broadening its EMEA footprint and building on its distinct offering, specifically its specialism in cybersecurity. "We're targeting a revenue of 5 billion for the financial year 2027-2028, capitalising on the ongoing ascension of the cybersecurity market," said Klaus Schlichtherle, CEO of the Infinigate Group.
Recently appointed Chief Growth Officer (CGO), Denis Ferrand-Ajchenbaum, noted the tremendous opportunity presented by Infinigate cloud services and their digital services hub. He promises to support and fuel the growth of their channel and vendor partners in the coming year through joint targeting of fresh opportunities, guided by smart data analysis and a robust lead generation engine. He stated, "We're set to expand our MSP & MSSP coverage in a highly dynamic market that is making cybersecurity a priority and where demand for managed IT services is surging, as complexity increases and organisations seek expertise."
