IT procurement and services firm Arkphire has acquired Trilogy Technologies, one of Ireland’s independent ICT managed services providers.
Arkphire claims the takeover marks the “first major move of significant scale” towards industry consolidation in the Irish ICT managed services sector.
It thinks that businesses are rushing to seek outsourced support to meet the increasingly more complex and demanding IT infrastructure and business transformation challenges.
The enlarged group now creates the largest and fastest-growing Irish-headquartered IT procurement and IT managed service business, with 220 staff on its books and combined revenues of almost €150 million.
Trilogy’s co-founder and managing director, Edel Creely, is joining the Arkphire board but senior management teams will remain in their roles across both entities.
Arkphire 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.”
“Trilogy Technologies is one of Ireland’s most highly regarded ICT Managed Services companies with a great management team, customer base and a service portfolio covering managed ICT services, cloud and cybersecurity that complements Arkphire’s suite of services. Today’s acquisition strengthens and deepens our people and leadership resources to deliver critical scale for the business”, Naylor added.
