Cyber security firm Nuvias Group to be acquired by Infinigate
Woking-based cyber security specialists The Nuvias Group will form part of a pan-European cyber security powerhouse once acquired by Swiss company Infinigate.
The merger would lead to an estimated revenue of €1.4 billion, making Infinigate a market-leader in cyber security distribution.
Simon England, CEO of the Nuvias Group said: “We are excited about joining forces and combining our assets to take the business and teams into the next phase of growth and expansion.
“Both companies value their people as their most critical asset, and the key to rewarding customer and vendor experiences in specialist distribution.”
Infinigate are a value-added distributor of cyber security solutions who have been steadily growing since their establishment in 1996. As the sector continues to expand and the business invests in new markets with an extended vendor portfolio, Infinigate are aiming to grow annually by 20%.
The Nuvias Group were founded in 2015 by Rigby Private Equity, with an extended heritage going back 45 years. They specialise in Cyber Security and Intelligent Networking with a range of innovative services and solutions designed to secure customer success and accelerate partner and vendor growth.
Read more - Why the Thames Valley is a leading cyber security cluster
The companies expect that combining their portfolios will accelerate growth, with both offering respected training, pre-sales and support services to customers and vendors. The merger will improve customer access for both businesses, giving Infinigate a stronger presence in Western and Nordic Europe while The Nuvias Group gain a presence in Germany and Central Europe.
Klaus Schlichtherle, CEO of Infinigate Group said: “Infinigate will become even more relevant and powerful. We will have a stronger geographical footprint, especially in the core markets in Europe – where we will have a strong position in 21 countries.
Our complementary vendor portfolios will create a huge opportunity for growth. And bringing together so many skilled people will enable us to create lots of new development opportunities in a fast-growing company.”
The Unified Communications side of Nuvias Group (Nuvias UC) is not part of the transaction and will be a separate entity under the continued ownership of Rigby Private Equity. Rigby Private Equity will be a shareholder in the Infinigate Group.
Surrey, where Nuvias Group are based, was recently recognised as a cyber security cluster by the UK Cyber Cluster Collaboration.
Read more - Surrey recognised as cyber security cluster
