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 fully
acquired by Presidio, a leading North American IT solutions provider. The deal represents a further consolidation
of scale in the ICT services market creating a global IT supply and services
business. Arkphire will support Presidio
as a strategic platform to drive business expansion across both Europe and Asia
Commenting on the acquisition, Paschal Naylor,
chief executive at Arkphire said: "This announcement with Presidio is a hugely
positive development for Arkphire, our people and our customers, equipping us
with the ability to extend our global reach and further evolve our service
offering to customers in response to their changing needs. We are in the business of enablement. Being part of the enlarged Presidio family
will open up many new possibilities and provide us with a natural partner to
support the IT needs of our customers, regardless of where they want to do
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.
Chris Ambler, Head of Asia-Pacific,
Commenting on the acquisition, Presidio CEO
Bob Cagnazzi said: "Presidio was attracted to Arkphire by the quality of
its portfolio of solutions and services, and the customer-centric culture of
excellence that characterized the management team. The acquisition is expected
to provide Presidio an opportunity to assimilate Arkphire's best practices into
our own in the US, while providing Presidio a platform to scale our ambitions
in Europe and Asia Pacific."
The acquisition will mark another major milestone
for the successful Irish technology services company 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.
The change in ownership at Arkphire will have
no immediate impact on day-to-day business operations. The senior management, including its
co-founder and chief executive, Paschal Naylor, will remain in their roles.
Arkphire and Bregal Milestone were advised on
the acquisition by William Blair (corporate finance) and Reed Smith (legal).
Completion of the transaction is now subject to approval from the European and
Irish competition authorities.
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
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
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.
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