Envisage Cloud, Ireland’s largest Sage systems integrator and software developer, has announced that it will grow its revenues to €5 million over the next three years, more than doubling its current €2.2 million turnover. The company will also create up to 15 additional roles in the same period.
The Sage 200cloud financial and ERP solution specialist has won almost €1 million in new business over the past 12 months. To support the growth of its business, Envisage Cloud will recruit the 15 positions across its sales, development, and implementation and support teams.
Along with the continued adoption of its cloud solutions, Envisage Cloud’s aggressive merger and acquisition strategy will fuel its ambitious growth plans. The company has instigated and completed six mergers and acquisitions in the past few years and is actively seeking to complete a further two to three acquisitions within the next three years. The UK will be an important area of focus for Envisage Cloud, with expansion in this market essential to its strategic development plans.
Peter Bergin, managing director, Envisage Cloud, explains, “We have had really positive experiences with our customer base in the UK and have seen a huge appetite there for more efficient and streamlined financial software solutions. The UK presents major possibilities for us and so growing our sales presence in this market is a core ambition as we seek to grow demand and customers.
“Growth is robust across all industry sectors, but engineering, e-commerce, project accounting, and the retail sectors have emerged as particularly strong growth areas. We have developed our services to cater for the needs of companies operating in these areas. The company has also invested heavily in developing bespoke software solutions that compliment Sage 200cloud, which enable sales, services and finance teams in medium size businesses to streamline businesses processes and collaborate more effectively.”
Peter Bergin continued, “As the company expands, we will meet demands by adding the right people to our team while continuing to invest in the training and development of our existing staff to maintain a market leading level of expertise.
“We are proud to say that we are funded through retained earnings but still set and achieve ambitious growth on the back of our deep experience, proactivity and high-quality service. This will ensure we remain on sound financial footing into the future while also being flexible enough to capitalise on opportunities for growth such as strategic acquisitions.
“Currently almost 10% of our business is from the UK, so we are looking at acquisition opportunities in this market, as well as in Ireland. We have identified a number of businesses that would be a good fit for Envisage Cloud and expect to complete two to three acquisitions in the next 24 months.
“It is an exciting period in Envisage Cloud’s journey and we relish the prospect of working with more new clients to make their day-to-day business operations easier.”