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Limerick software firm ActionPoint buys ICT in multimillion deal

Firm continues to look for opportunities particularly in the Dublin market


ActionPoint chief executive David Jeffreys

ActionPoint chief executive David Jeffreys

ActionPoint chief executive David Jeffreys

ActionPoint, the Limerick-based digital transformation services firm, has acquired Dublin firm ICT Project Management as part of an acquisition drive.

ActionPoint has previously built systems involved in the M50 automatic tolling operation, the Department of Foreign Affair’s online passport renewal system, and for Munster Rugby.

The multimillion euro deal will bring ActionPoint’s revenue to €16m and its total staff to in excess of 100 people. It also expects to announce that more than a dozen jobs will be created in the next 18 to 24 months as a result of the acquisition.

It’s the second acquisition in three years for the firm – and ActionPoint chief executive David Jeffreys said it is aimed at expanding their Dublin presence.

Currently it has offices in Limerick, Cork, Galway, and Lisburn, with ICT adding its Ballymount office to give Actionpoint a stronger foothold in the Dublin market.

“It is a very complementary acquisition from a geographic perspective,” said Jeffreys, adding that he felt the time was right to move more strongly into the competitive Dublin market.

“We approached ICT because they have a great customer base, super clients, and we can bring our digital transformation and software capabilities, as well as our larger service desk to support their customers.”

Jeffreys said that the deal marked the next step in a planned acquisition trail and that the company was also looking at a number of other opportunities.

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“Our plan is to grow modestly through organic growth and more aggressively through acquisitional growth and we’re continuing to look for opportunities, particularly in the Dublin market,” he said.

Barry Byrne who founded ICT Project Management 19 years ago and is its current managing director said he was “delighted to be partnering with ActionPoint in the next chapter of our journey and bolstering our service offering with cloud, digital transformation and software development expertise.”

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