IT Brief Australia - Technology news for CIOs & IT decision-makers
Story image

Infinigate Group invests in Wavelink to expand into ANZ market

Fri, 5th Jul 2024

The Infinigate Group has announced a strategic investment in Wavelink, an IT distributor specialising in cybersecurity and mobility. The investment is part of Infinigate's broader global expansion plan, providing the company with a substantial entry into the Australia and New Zealand (ANZ) market.

Sealed on 4 July, the agreement grants Infinigate a majority stake in Wavelink. Despite this, Wavelink will continue to operate autonomously under its existing management team, who retain a significant share of the business. Wavelink will also retain its brand, now appending the tagline "an Infinigate Group company", to leverage the Infinigate brand’s power.

Ilan Rubin will remain at the helm of Wavelink’s operations in ANZ, reporting directly to Mahmoud Nimer, President of MEA and APAC at Infinigate Group. Founded in 1998, Wavelink is headquartered in Melbourne and employs 55 staff nationally. It offers a range of security and mobility solutions, with a strong focus on local market knowledge and comprehensive support programmes.

Infinigate's CEO Klaus Schlichtherle commented on the investment. "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. 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," said Schlichtherle.

Wavelink has seen consistent double-digit growth over the past five years and aims to build on these solid foundations. Rubin remarked on the significance of Infinigate's investment: "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. 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."

The strategic investment will allow Wavelink to continue driving local operations in Australia, ensuring business continuity for customers and employees. The company will benefit from Infinigate’s financial backing, programmes, platforms, systems, and extensive resources. This support aims to strengthen Wavelink's existing market offerings and aid its planned expansion into the New Zealand market.

Follow us on:
Follow us on LinkedIn Follow us on X
Share on:
Share on LinkedIn Share on X