Saturday 15 December 2018

Irish tech firm Arkphire acquires Mayo-based Cloudstrong for undisclosed amount

Photographed at Arkphire's announcement of its' acquisition of CloudStrong are from left to right: Jimmy Dalton, CFO, Arkphire and Oliver Surdival, CEO, CloudStrong. Image provided by Peter Houlihan Photography.
Photographed at Arkphire's announcement of its' acquisition of CloudStrong are from left to right: Jimmy Dalton, CFO, Arkphire and Oliver Surdival, CEO, CloudStrong. Image provided by Peter Houlihan Photography.
Louise Kelly

Louise Kelly

Irish tech firm Arkphire has acquired Mayo-based cloud solution provider Cloudstrong for an undisclosed amount.

The Dublin-headquartered company said that the combined enterprises will built out its service from the centre of excellence in the West.

Arkphire currently employs more than 90 people across its various divisions. Last month, the month secured multimillion euro investment from private capital firm Bregal Milestone’s new €400m pan-European fund.

Founded in 2011 by Oliver Surdival, CloudStrong currently employs 12 people, providing cloud consultancy services and solutions to the SME market.

In the past four years, Arkphire has grown turnover from €20m to over €90m, and has been recognised as one of the fastest-growing technology companies in Ireland.

CEO Paschal Naylor said Arkphire and CloudStrong have a "very effective working relationship" going back many years.

"The acquisition formalises this relationship and strengthens Arkphire’s overall cloud services offering, enabling us to bring our complementary skills and capabilities to the market," he said.       

This is the first new acquisition for Arkphire following its investment by Bregal Milestone.       

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