The Nuvias Group has said it is bolstering its investment in Eastern Europe through the acquisition of Netsafe, a specialist cybersecurity and networking distributor group covering southeast Europe.
Netsafe has over 15 years of experience, with strong vendor relationships that complement and extend Nuvias’ existing portfolio of technology solutions and services, widening its coverage across Romania, Croatia, Serbia, Slovenia, and Bulgaria.
Nuvias said Netsafe’s local expertise and leadership will be boosted by Nuvias’ scalable financial and service capabilities to fuel its growth and accelerate development, enhancing the customer experience for partners and vendors in the region.
Simon England, CEO of the Nuvias Group, said, “Nuvias sees significant promise and opportunity in the Eastern European market. With Netsafe we have a platform for considerable growth in this region. We have a very strong match in our philosophy and approach to specialist value-added distribution, making for a solid base for accelerated growth.”
Doru Manea, CEO of Netsafe, added, “We are excited about our next chapter as part of the Nuvias Group. By leveraging Nuvias’ scale and resources we can deliver added value to our partners and customers. This is a great recognition of our success and opens a new chapter to further development, with a wealth of new opportunities in an expanding market.”
Canalys forecasts the Central and Eastern European IT infrastructure and cybersecurity market to grow at a rate of over 7 per cent in 2022, with a potential $4B opportunity. Netsafe will continue to operate under its existing brand, as a Nuvias Group company.