US based tech company Presidio announces agreement to acquire Irish owned Arkphire

November, 20/2020 - 06:19
US based tech company Presidio announces agreement to acquire Irish owned Arkphire

Acquisition expected to create a new global IT supply and services business

 

SINGAPORE - Media OutReach - 20 November 2020 - Irish headquartered IT procurement and services company, Arkphire, today announced it is to be fullyacquired by Presidio, a leading North American IT solutions provider.  The deal represents a further consolidationof scale in the ICT services market creating a global IT supply and servicesbusiness. Arkphire will support Presidioas a strategic platform to drive business expansion across both Europe and AsiaPacific.

 

Commenting on the acquisition, Paschal Naylor,chief executive at Arkphire said: "This announcement with Presidio is a hugelypositive development for Arkphire, our people and our customers, equipping uswith the ability to extend our global reach and further evolve our serviceoffering to customers in response to their changing needs. We are in the business of enablement. Being part of the enlarged Presidio familywill open up many new possibilities and provide us with a natural partner tosupport the IT needs of our customers, regardless of where they want to dobusiness."  

 

Both Arkphire and Presidio have a shared corebusiness model focused around digital infrastructure, cloud, security and otherIT services. Presidio's $3 billion IT solutions and services business has alocal presence in over 57 locations across the United States servingapproximately 7,300 middle market, large and government organisations across adiverse range of industries.



Chris Ambler, Head of Asia-Pacific,Arkphire

 

Commenting on the acquisition, Presidio CEOBob Cagnazzi said: "Presidio was attracted to Arkphire by the quality ofits portfolio of solutions and services, and the customer-centric culture ofexcellence that characterized the management team. The acquisition is expectedto provide Presidio an opportunity to assimilate Arkphire's best practices intoour own in the US, while providing Presidio a platform to scale our ambitionsin Europe and Asia Pacific."

 

The acquisition will mark another major milestonefor the successful Irish technology services company Arkphire. Originallyestablished in 1979, Arkphire has grown to become a €160m business with morethan 250 employees and serving customers across more than 90 countries. In2018, Private Equity firm, Bregal Milestone invested in Arkphire which hasenabled Arkphire to further expand its international operations, notablyestablishing a presence in Asia Pacific through the acquisition ofSingapore-based Generic Technologies.

 

The change in ownership at Arkphire will haveno immediate impact on day-to-day business operations.  The senior management, including itsco-founder and chief executive, Paschal Naylor, will remain in their roles.   

 

Arkphire and Bregal Milestone were advised onthe acquisition by William Blair (corporate finance) and Reed Smith (legal).Completion of the transaction is now subject to approval from the European andIrish competition authorities.

 

About Arkphire

Arkphire is a leading IT product procurementand IT services company, serving customers internationally across more than 90countries. Arkphire provides integrated technology solutions that spandesktops, networking, cyber security, cloud and data centre, enabling thedigital workspace and supporting businesses on their digital transformationjourney.    

 

Following its acquisition of TrilogyTechnologies in 2020, Arkphire is now positioned as the largest and fastestgrowing Irish headquartered IT procurement and IT managed servicesbusiness. 

 

Arkphire Group has an unrivalled network ofpartnership accreditations with leading global IT vendors and is a Check Point4-Star, Cisco Gold, Citrix Platinum, Dell Technologies Titanium, HP Platinum,IBM Gold, Lenovo Platinum and Microsoft Gold Partner.  Arkphire is also anApple Authorised Enterprise Reseller (AAER). 

 

Arkphire group employs over 250 people andgenerates revenues of over €160m.

 

For more information visit  www.arkphire.com       


About Presidio

Presidio is a leading IT services andsolutions provider that helps customers connect IT of today to IT of tomorrow.Our deep technology expertise across cloud, security, modern IT infrastructureand networking underpin our ability to help customers acceleratetime-to-outcome via agile digital platforms. We deliver this technologyexpertise through a full life cycle model of professional, managed, and supportservices including strategy, consulting, implementation and design.

 

As of June 30, 2020, we served approximately7,300 middle-market, large, and government organizations across a diverse rangeof industries. Approximately 2,800 Presidio professionals, includingapproximately 1,600 technical engineers, are based in over 57 offices acrossthe United States in a unique, local delivery model combined with the nationalscale of a $2.8 billion-dollar industry leader. We are passionate about drivingresults for our clients and delivering the highest quality of service in theindustry. For more information visit: www.presidio.com

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