IT procurement and services company Arkphire, has acquired Trilogy Technologies, one of Ireland’s leading independent ICT managed services providers. The deal marks the first major move of significant scale towards industry consolidation in the Irish ICT managed services sector as businesses seek outsourced support to meet ever more complex and demanding IT infrastructure and business transformation challenges.
Following this acquisition, the newly enlarged group now creates the largest and fastest growing Irish headquartered IT procurement and IT managed services business with combined revenues close to €150 million and employing 220 people.
CEO Paschal Naylor, said: “This development is a positive step for both Arkphire and Trilogy Technologies, which together have a shared ambition to continue to scale both in Ireland and internationally and to respond to the needs of the market with a stronger, more comprehensive IT services offering from our combined resources.”
Both companies will initially remain as distinct businesses and the acquisition will have no impact on the day-to-day business operations. The senior management teams across both organisations will remain in their roles and further opportunities for more integration across the wider group will be achieved in time. Trilogy Technologies’ Cofounder and Managing Director, Edel Creely, is joining the Arkphire board.