Swiss security VAD Infinigate has been acquired by Bridgepoint from HIG Capital.
Infinigate offers manufacturers an extensive channel partner network and supports them in selling IT security solutions by providing services and consulting in the areas of technology, marketing, sales, training programmes and professional support. For the financial year ending in March, the company expects gross revenues of approximately €630 million.
Commenting on the transaction, Infinigate CEO Klaus Schlichtherle said: "we thank HIG for their support over the past years and welcome Bridgepoint as our new shareholder. In Bridgepoint, we have found a partner who understands our strategic, high-growth business and who will support us in realising our ambitions for further growth. For our customers and manufacturers, we will continue to be the best partner for cybersecurity solutions and develop new services in the future to serve the market even better."
Infinigate will continue to be led by Klaus Schlichtherle, CEO, and Olaf Demuth, CFO/CIO, and will continue to operate with the current management team and strategy.
Christopher Brackmann, Partner at Bridgepoint, Head of DACH Investment, comments: "Infinigate is an exciting platform in a growth market with an experienced management team. We are very much looking forward to working with Klaus, Olaf and their teams in this next phase of development. With Bridgepoint's support, Infinigate will be well positioned to benefit from its high-quality vendor base and long-standing reseller relationships, which we intend to build on."
David Nicault, Partner at Bridgepoint, Global Head of Digital, Technology & Media, added: "we have been following the cybersecurity space, one of the fastest growing and most robust segments of global IT spending, for several years. We are impressed with the company's achievements and look forward to our joint partnership that will further enhance the level of service Infinigate provides to its partners."