Business Irish

Tuesday 6 December 2016

Where are they now?: Pat Garvey

ROISIN BURKE

Published 30/01/2011 | 05:00

PAT Garvey's stately home and estate is for sale with a €3m-plus price tag. We haven't been inside, but would have to imagine that it's fairly sumptuous.

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One of Ireland's first technology millionaires, Garvey started out in business working for photocopying giant Rank Xerox, which was where he met the late Eddie Kerr.

In 1980, Garvey and Kerr partnered up to found Sharptext, a photocopier and office products company that acted as Sharp's agency for Ireland. It was good timing and the business grew rapidly.

Sharptext bought British office equipment distributor Micro-P in 1989, and with this it became one of the major office equipment distributors in both Ireland and Britain. As the information technology age slowly began, Sharptext would become Ireland's leading distributor of computer products.

Garvey and Kerr and a third partner broadened their interests and also set up GFK technology, a payroll software company, in 1985. It was bought out by Sage in 2003.

Kerr sold his share in Sharptext to DCC in 1990, while Garvey remained on board until 1998 when DCC bought out the rest of Sharptext for £6.35m cash. Garvey remained onboard as a director and joined the board of DCC's computer products division when he kept a seat until 2000.

He went on to invest in a number of other technology companies, including Deecal, Kadius, eWare and Cara Group. He was a director at Anne Heraty's CPL Resources from when it first floated on the Iseq in 1999 only leaving the board in 2007.

A keen horse owner and breeder, he was a director at Tote Ireland from 2007 until last year.

He owns a venture capital and private equity firm called Riantec. He recently became a director at ElectricHosts, a British cloud computing company.

Georgetown House, a 110-acre estate in Co Waterford was bought by Garvey and his wife Rita 10 years ago. They added to its lands and established a stud farm. The €3.4m price tag is down €500,000 since it went on sale for €3.9m last July.

Sunday Indo Business

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