Acquisition creates a new global IT supply and services business.
Irish headquartered IT procurement and services company, Arkphire, has today announced the completion of its acquisition by Presidio, a leading North American IT solutions provider. The announcement follows formal approval and clearance for the transaction from the Competition Authorities in Ireland and Europe.
The combined capabilities from both Arkphire and Presidio create a new global IT solutions business with the ability to serve their customers in all key markets. Arkphire will now join the Presidio Group, maintaining its distinct ‘Arkphire’ brand and look to drive further business growth across both Europe and Asia Pacific while leveraging Presidio’s strong presence in the US.
Commenting on this latest development, Paschal Naylor, chief executive at Arkphire said: “We are delighted to close this deal with Presidio. We are looking forward to building a very strong working partnership with the team at Presidio, ensuring we expand our capabilities to deliver an even stronger service offering in response to our respective customers’ needs.”
Both Arkphire and Presidio have a shared core business model focused around digital infrastructure, cloud, security and other IT services. Presidio’s $3 billion IT solutions and services business has a local presence in over 57 locations across the United States serving approximately 7,300 middle market, large and government organisations across a diverse range of industries.
From left to right: Aisling Bolger, Group Head of Marketing, Arkphire and Paschal Naylor, Chief Executive, Arkphire,
attending a conference call with members of the leadership teams from both Arkphire and US tech company, Presidio.
Commenting on the acquisition, Presidio CEO Bob Cagnazzi said: “We are very excited to formally complete the acquisition and to combine the strengths of both organisations in order to provide the highest levels of service to our customers globally. In particular, we will be seeking to leverage Arkphire’s experience, expertise and global footprint to provide Presidio with a platform to drive business expansion across both Europe and Asia Pacific.”
The acquisition marks another major milestone for Arkphire. Originally established in 1979, Arkphire has grown to become a €160m business with more than 250 employees and serving customers across more than 90 countries. In 2018, Private Equity firm, Bregal Milestone invested in Arkphire which has enabled Arkphire to further expand its international operations, notably establishing a presence in Asia Pacific through the acquisition of Singapore-based Generic Technologies.
Arkphire is a leading IT product procurement and IT services company, serving customers internationally across more than 90 countries. Arkphire provides integrated technology solutions that span desktops, networking, cyber security, cloud and data centre, enabling the digital workspace and supporting businesses on their digital transformation journey. Following its acquisition of Trilogy Technologies in 2020, Arkphire is now positioned as the largest and fastest growing Irish headquartered IT procurement and IT managed services business.
Arkphire Group has an unrivalled network of partnership accreditations with leading global IT vendors and is a Check Point 4-Star, Cisco Gold, Citrix Platinum, Dell Technologies Titanium, HP Platinum, IBM Gold, Lenovo Platinum and Microsoft Gold Partner. Arkphire is also an Apple Authorised Enterprise Reseller (AAER). Arkphire group employs over 250 people and generates revenues of over €160m.
For more information visit www.arkphire.com
Presidio is a leading IT services and solutions provider that helps customers connect IT of today to IT of tomorrow. Our deep technology expertise across cloud, security, modern IT infrastructure and networking underpin our ability to help customers accelerate time-to-outcome via agile digital platforms. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design.
As of June 30, 2020, we served approximately 7,300 middle-market, large, and government organizations across a diverse range of industries. Approximately 2,800 Presidio professionals, including approximately 1,600 technical engineers, are based in over 57 offices across the United States in a unique, local delivery model combined with the national scale of a $2.8 billion-dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry.
For more information visit: www.presidio.com