Dublin-based managed IT services company IT.ie expands operations through strategic acquisition.
Irish managed services business IT.ie has acquired south Dublin-based Abacus Systems in a seven-figure deal that will see the company’s projected revenues jump from €8m to €10m by year-end 2025.
The strategic acquisition reinforces IT.ie as a major player in Ireland’s growing managed IT service provider and cybersecurity market. The deal will expand IT.ie’s workforce to more than 50 employees and grow its customer base by over 50% to more than 500 clients.
“It firmly strengthens our position within the market, allowing us to offer an even greater portfolio of services and deeper expertise to facilitate our growing customer base”
The acquisition was self-funded by IT.ie, independent of private equity, reflecting the company’s financial strength and ambitious growth plans.
IT.ie adds up for Abacus
“The acquisition of Abacus Systems marks a key moment in our success and is another milestone in our journey to becoming a leading force in the managed IT services space,” said Eamon Gallagher, founder and managing director of IT.ie.
“It firmly strengthens our position within the market, allowing us to offer an even greater portfolio of services and deeper expertise to facilitate our growing customer base.”
Gallagher emphasised that the partnership goes beyond simple growth. “The acquisition unites two companies built with the same core values. For us, the partnership goes beyond growth and is an opportunity to learn from one another and build on our existing expertise together,” he said.
“Our customers will receive the same exceptional customer service that they are used to, with the added bonus of expanded service offerings, deeper industry knowledge, and even more solutions tailored to meet their individual needs.”
Established in 1992, Abacus Systems brings over three decades of experience delivering trusted IT services to corporates, public sector organisations, healthcare providers, and SMEs across Ireland.
The company specializes in managed services, cloud technologies, cybersecurity, and compliance solutions.
Derek O’Callaghan, managing director of the Abacus division, welcomed the acquisition.
“This acquisition isn’t just great news for our business, but also our customers. Regardless of size, every business needs to be a resilient, digital enterprise and we are proud to have joined forces with IT.ie to work as one team in delivering this for combined customer base.”
O’Callaghan noted that the two companies complement each other well. “In terms of services and our cultures, we complement each other and are excited to be on this journey together,” he said. “IT is becoming more complex and that is likely to see more pooling of resources of this kind. The IT industry is consolidating and getting stronger, and we are bringing that strength to our customers.”
Image at top: Derek O’Callaghan, Managing Director of the Abacus Division, IT.ie; Eamon Gallagher, Founder and Managing Director, IT.ie; David McDonald, Sales Director, IT.ie; Eoghan Johnson, Business Development Director, IT.ie; and Stephen Mullin, Technical Director, IT.ie
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