With this acquisition Infinigate closes a significant geographical gap in northern Europe and further expands its presence to 10 countries, it says. CRYPSYS is another IT Security specialist based in Gorinchem, the Netherlands, and was founded in 1989. Rob Westerhoff, its Director will stay on board and continue to lead and further develop the company.
The economic strength of the Netherlands makes this an important market in Europe and to establish a local presence was a central target of Infinigate's expansion strategy, it says. With the acquisition of CRYPSYS Infinigate closes a significant geographical gap in northern Europe and expands its presence to 10 countries.
David Martinez, Founder and CEO of Infinigate states: "Due to its clear focus on IT Security and its successful development CRYPSYS is an ideal fit to the Infinigate Group. With CRYPSYS we are getting a good step closer in covering all of Western Europe."
"With Infinigate we have found the perfect partner for the further successful development of CRYPSYS.", adds Rob Westerhoff, Director of CRYPSYS. "Now being part of Infinigate the whole team is looking forward to taking CRYPSYS to the next level and strengthen even more its mission to make resellers successful with IT Security."
Infinigate says it has outperformed industry average growth with an annual rate between 20%-30% for the last 10 years. This continued in the first six months of the current fiscal year (01 April – 31 March) and Infinigate therefore expects to close the fiscal year with revenue above €400m.