Irish IT consulting and managed-services firm Arkphire has agreed a deal to buy Trilogy Technologies, an independent ICT managed services providers.
The new group will create the largest and fastest growing Irish headquartered IT procurement and IT managed services business with combined revenues of almost €150m and a workforce of 220 people.
The deal marks the first major move of significant scale towards industry consolidation in the Irish ICT Managed Services sector.
Established in 2009, Trilogy Technologies has developed a business around the design, implementation, management and support of IT infrastructure, cloud and managed security services for Irish and UK organisations.
Both 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 two companies.
Paschal Naylor, CEO at Arkphire, said today's deal is a positive step for both Arkphire and Trilogy Technologies.
He said the companies 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 their combined resources.
Trilogy Technologies co-founder and group managing director, Edel Creely, said the deal provides Trilogy with a more compelling proposition for its customers, enabling it to offer extended enterprise capabilities across the full spectrum of IT services.