Arkphire acquisition of Trilogy Technologies Group a done deal

IT procurement and services company, Arkphire, has announced the legal completion of its acquisition of Trilogy Technologies, one of Ireland’s leading independent ICT Managed Services providers.  The announcement follows formal approval for the transaction from the Competition & Consumer Protection Commission (CCPC).  The deal marks the first major move of significant scale towards industry consolidation in the Irish ICT Managed Services sector as businesses seek outsourced support to meet ever more complex and demanding IT infrastructure and business transformation challenges. The newly enlarged group now creates the largest and fastest growing Irish headquartered IT procurement and IT managed services business with combined revenues close to €150 million and employing 220 people.

Commenting on this latest development, Paul Nannetti, chairman at Arkphire said: “We are delighted to formally close the acquisition and move on to the next exciting phase of our journey, as we scale our business with a stronger, more comprehensive IT services offering from our combined resources.  With our enhanced portfolio and capabilities, Arkphire has become a stand out Irish IT champion, committed to serving our indigenous and multinational customers from within Ireland and internationally.” 

According to Nannetti: “We will now embark on a process to explore synergies and new growth opportunities across the newly enlarged Arkphire group.  A key element of this will be to transition all distinct parts of the business under the one overarching Arkphire brand with a unified set of values, goals and ambitions.”    

Established in 2009, Trilogy Technologies has developed a successful business around the design, implementation, management and support of IT infrastructure, cloud and managed security services for Irish and UK organisations. In 2018, Trilogy expanded its managed security services with the acquisition of Zinopy. In 2019, Trilogy Technologies won the ‘Company of the Year’ award at the Tech Excellence Awards and ranked in this year’s Deloitte Technology Fast 50 list of growth companies alongside Arkphire.