HCS targets €1m revenues after buying fellow Waterford firm Fixaphone

Waterford IT services company HCS has acquired Fixaphone, a leading provider of business telephone systems that is also based in Waterford.

Following the acquisition, HCS forecasts that its telecoms turnover will reach €1m in the next three years.

The acquisition will also add Fixaphone’s 750 business telecoms customers to HCS’ portfolio, which will increase by 125% following the deal.

“In today’s hybrid work environment, effective business communication is paramount”

Fixaphone has been in business for more than 20 years, and its deep industry knowledge combined with HCS’ modern cloud-hosted telecoms solutions will provide both customer bases with an enhanced service offering. It will immediately integrate into HCS and trade under the HCS brand.

Synergies

“By combining our skillsets, we can provide an enhanced level of services and support to our existing and prospective clients,” said Fixaphone managing director Mick Foley.

“Though technologies and platforms are changing, the telecoms knowledge and experience built up with Fixaphone over the last 20 years will be invaluable on the next stage of the journey. We have the golden opportunity to leverage each other’s expertise to accelerate our shared growth.”

HCS provides secure integrated IT, telecoms and productivity solutions to enable better business performance for Irish organisations. The company uses secure by design principles to ensure that it significantly reduces risk for customers with security built in. Headquartered in Waterford and with a base in Dublin, the company recently opened a third location in Cork.

“In today’s hybrid work environment, effective business communication is paramount,” said Sean Hegarty, head of Operations at HCS.

“We feel we are well placed as the move from on-premise to cloud accelerates and traditional non-digital telephony becomes obsolete. This acquisition will bolster our telecoms services offerings, so we can provide our customers with best-in-class solutions to allow them greater flexibility and enable them to grow.”

Main image at top: Mick Foley Managing Director at Fixaphone with Sean Hegarty Head of Operations at HCS

John Kennedy
Award-winning ThinkBusiness.ie editor John Kennedy is one of Ireland's most experienced business and technology journalists.