Infinigate Group Announces Strong Increase in Turnover and Profit(PresseBox) (Rotkreuz, )
For the fiscal year 2013/14 (1.4.2013 - 31.3.2014), Infinigate Group's turnover exceeded 200 million Euros, representing a 29% increase in revenue and an exceptionally high growth in profits. Over the past year, it has captured additional market share and further strengthened its position within Europe.
These strong results are further proof of the continued success of the Infinigate Group. It has established itself as a significant player in the European IT distributor landscape with an average compound growth rate of about 27% for the last 10 years. This compares with the yearly growth rate of the global IT Security market overall, which, according to market analysis, is around 7% to 10%. Acquisitions in Scandinavia and the United Kingdom have boosted the Groups' geographical footprint and mean that it is now positioned as one of the leading IT Security distributors within Europe.
"This journey has not come to an end yet", says David Martinez, Founder and CEO of the Infinigate Group: "The goal for the next few years is to keep up this pace by maintaining strong organic growth combined with further acquisitions to reach our objective of becoming Europe's foremost provider of IT Security Solutions to the Channel."
Infinigate's year on year growth rate of 27% has been driven, only in small part, by acquisitions. It has largely been achieved as a result of organic growth - at a rate which is at least twice the average market growth - and has been driven by Infinigate's clearly defined strategy. A combination of its focus on IT Security and its proactive approach to supporting its Channel partners, has set Infinigate apart from the competition.