21 September 2012

Infinigate acquires majority stake in UK IT Security Value Added Distributor Vigil Software

Rotkreuz-Switzerland / London - 21 September 2012 -Infinigate, one of the most important true Value Added Distributors (VAD) for IT Security Solutions in Europe, takes over a majority stake in the multi award winning UK IT Security Value Added Distributor Vigil Software. 

This partnership of like-minded companies is set to increase the growth potential of both companies with the stated goal of becoming the Number One VAD with sole focus on IT Security in the UK, as well as in Europe with a turnover of above € 200 mil. in the next few years. 

With subsidiaries in 6 countries (Germany, Switzerland, Austria, Sweden, Norway, Denmark) and a compound annual growth rate of 25% in the last six years (reaching a turnover of € 140 mil.), Infinigate has become one of the strongest, leading VADs for IT Security solutions in its region. With the expansion on the UK market Infinigate now is able to provide vendors with an even easier and more powerful access to Europe's most interesting IT security markets and Reseller Channel. 

Vigil Software is a very successful and profitable UK VAD, led by the two entrepreneurs Alex Teh and Murray Pearce. Teh and Pearce will be maintained on the board and continue as directors whilst maintaining significant shareholdings in Vigil. 

Vigil Directors Murray Pearce and Alex Teh agree, "We have been looking at replacing our silent shareholders with an organisation that can help us grow our company faster and quicker. Although we have had 33% compounding growth over the last 5 years, we feel that with Infinigate's relationships and credibility in Europe we are better able to achieve our goal of becoming the number one security VAD in the UK." 

"The acquisition is a key milestone for Infinigate, as with the UK and Germany we now cover Europe's two biggest IT markets, bringing Infinigate closer to becoming the No. 1 VAD with sole focus on IT Security in Europe", commented David Martinez, CEO of Infinigate Group. "It took a few years until we found the right partner in the UK, as many of the analyzed targets did not meet our requirements. With Vigil Software we found our soul mate: same strategy, same spirit, same dedication and same successful development as Infinigate. I look forward to working closely with Alex and Murray".

Infinigate was founded in 1996. At this time the company was the first Distributor focused on internet technology solutions in Europe. Since 2002 Infinigate has been focussing solely on the distribution of IT security solutions to protect and defend IT networks, data and applications. As a true Value Added Distributor, Infinigate is concentrating on security solutions with a certain need for explanations. The product portfolio gets completed by dedicated technical, marketing and sales services offered to its business partners (reseller, system integrators, etc.). Today Infinigate has operations in 6 European countries including Germany, Switzerland, Austria, Sweden, Norway and Denmark

Vigil Software is a privately owned UK company, established in 2001 and based in London, which supplies Information Security Solutions to UK resellers and customers. 

Source: Vigil Software