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10:55
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11:19
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10:55
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13:41
11:19
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10:55
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10:20
Cybersecurity company Infinigate Group announced the merge with Dubai-based cybersecurity and cloud firm Starlink to create a company with estimated annual revenues of about $2.2 billion.
Starlink will operate under the Infinigate Group "banner" post-merger. The deal follows Infinigate's August takeover of cloud distributor Vuzion and announcement in July that it intended to buy "large parts" of UK-based IT services and consulting company Nuvias.
The joint enterprise will consolidate its position as a full EMEA (European, Middle East and Africa) powerhouse ... with more than 1,100 dedicated personnel, taking all completed and projected acquisitions into account,
Infinigate said.
Although it has the same name, the Dubai-based Starlink is in no way connected to Elon Musk's Starlink project. Founded in 2005, it currently enjoys presence in 11 countries, has more than 300 employees and $500 million in annual revenues. It is the leading cybersecurity distributor, with more than 20% market share, in the GCC countries.