European cybersecurity cloud and network technology distributor Infinigate has made a strategic investment in Australian distributor Wavelink.
This investment provides Switzerland-based Infinigate with access to Australia and New Zealand as part of its global expansion plans, the company said.
Wavelink, headquartered in Melbourne and founded in 1998, has 55 staff nationally and specialises in cybersecurity and mobility technologies.
Infinigate gains a majority stake in Wavelink, which will continue to operate autonomously with the existing management team, retaining a significant share of the business.
The terms of the investment were not disclosed.
Wavelink will continue to operate under its existing brand, adding the “an Infinigate Group company,” while Wavelink's CEO Ilan Rubin will remain as head of its ANZ operations.
“Infinigate’s investment enables us to accelerate Wavelink’s growth trajectory. It is the result of careful and considered joint planning by Infinigate and Wavelink over a two-year period, to create a framework that will ensure sustainable, long-term success to both organisations," said Rubin.
"The strong strategic alignment of the two organisations, in terms of both culture and offerings, is a solid base for future success. Accelerating growth has been top of mind for Wavelink, with our people as our core asset. This development offers our local team new opportunities across multiple areas over an extended, multinational organisation.”
Infinigate said that Wavelink's local operations in Australia would continue with the added support of Infinigate's financial resources, programs, platforms, and systems.
This support will also enable Wavelink to further its planned expansion into the New Zealand market.
“The strategic investment in Wavelink opens up a door into a new important market for Infinigate, beyond EMEA, in line with our global expansion plan. Our ethos and business approach are a perfect match," said Klaus Schlichtherle, CEO of the Infinigate Group.
"Together, we can boost our shared growth, through our complementary portfolio of solutions and combined knowledge and skills, thanks to a stronger and wider employee base.”