Multiple blockbuster acquisitions propelled pan-EMEA distributor Infinigate’s revenues to €2.2bn in its year to 31 March 2022, up from €813m a year earlier.
The Switzerland-based VAD has more than doubled in size following its acquisitions last year of Nuvias, Vuzion and Starlink.
Infinigate’s latest numbers mean it is now much closer in size to arch-rival Exclusive Networks, which generated gross sales of €4.5bn in 2022 following its IPO in September 2021.
Infinigate remains in private hands after taking on backing from global investment firm BridgePoint in 2021.
Boasting 1,300 employees, Infinigate expects growth to hit 20% in its current year as it continues to expand its vendor line card and expand its geographic footprint with vendors it already carries.
“We have never made a secret of our ambition to grow to a global cybersecurity distribution powerhouse, said CEO Klaus Schlichtherle.
“Our stated financial target is a €5bn top-line by 2027, achieved through a combination of organic growth and additional acquisitions, which will extend our geographical footprint, benefitting our vendor partners.”