Irish technology consultancy Arkphire seeks international growth

30 January 2019 Consultancy.uk

Following a year of rapid growth, an IT solutions consultancy is sizing up a campaign of acquisitions to drive future international expansion ambitions. Arkphire recently purchased cloud services firm CloudStrong, and could seek further deals in the near future.

Headquartered in Dublin, Ireland, Arkphire is a consultancy which provides a full end-to-end IT solution from the desktop to the data centre. For more than four decades the firm has procured, supplied, designed, built and managed IT products, networks and solutions to customers across Europe, Middle East and Africa and Asia Pacific. The company provides its services to companies in the healthcare, pharmaceutical, energy, finance and telecommunications sectors.

Last year, operating profits at the Irish technology company grew to €4.6 million in 2018. This 70% surge in operating profit represented a leap of €1.9 million from 2017 figures, and shows how the firm is benefitting from the booming digital transformation consulting market – currently worth more than $44 billion world-wide. As Arkphire looks to tap into that further, it has announced it will be seeking acquisition opportunities in the coming year. The Irish-owned IT consultancy may also look to accommodate potential overseas expansion via such purchases.

Irish technology consultancy Arkphire seeks international growth

Arkphire currently operates from its headquarters in Sandyford in south county Dublin, a secondary office in London and a subsidiary in Mayo. Between the three, the company employs around 90 people. The firm's footprint was partially buoyed by the purchase of CloudStrong, a Castlebar-based specialist cloud services firm, which was only Arkphire’s second acquisition of note since it was injected with new funds from private capital firm Bregal Milestone. Arkphire will now focus on building out a cloud technology team from its new hub on Ireland’s west coast.

Chief Financial Officer Jimmy Dalton said of Arkphire’s future plans, "This growth trajectory is set to continue as we seek to ambitiously scale the business based on the business plan we have in place for the next five years.”

Related: Infosys acquires Salesforce cloud consultancy Fluido.

News

More news on