IT company Arkphire, which has a regional office in Castlebar, has announced the acquision of Trilogy Technologies, one of Ireland's leading independent ICT managed services providers.

Arkphire said that the deal marks the “first major move of significant scale towards industry consolidation in the ICT managed services sector”, as businesses seek outsourced support to meet increasingly complex and demanding IT infrastructure and business transformation challenges.

Following the acquisition, the newly enlarged group will have a combined workforce of 220 and €150m in annual revenue.

CEO of Arkphire, Ballina native Paschal Naylor,  says the two companies - Arkphire and Trilogy Technologies - will initially remain as distinct businesses and the acquisition will have no impact on the day-to-day business operations of the respective companies.

 

 

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