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DataSolutions grows revenue by over a third to €40m

DataSolutions Group Managing Director Michael O'Hara said establishing a foothold in the UK opens huge possibilities
DataSolutions Group Managing Director Michael O'Hara said establishing a foothold in the UK opens huge possibilities

Specialist IT distributor DataSolutions grew its revenue by 34% to €40m in the year to the end of March, thereby recording its best ever financial year.

The company has doubled its business in the past three years and says it is on-track to grow to €80m by 2021.

The UK market now accounts for 30% of DataSolutions business and the company expects this to grow to 50% in the next three years.

The company is developing an expansion fund to continue the growth in both the Irish and UK markets, with some of this fund ear-marked for acquisitions.

DataSolutions Group Managing Director Michael O’Hara said "establishing a foothold in the UK opens huge possibilities for us and doing so in advance of Brexit is something that we feel is a smart step in future-proofing the business from whatever the final outcome may be".

The company’s strategy is to invest in disruptive, high-growth sectors and it recently announced a €105,000 investment to help partners in Ireland and the UK to drive sales leads for cloud and Hyper Converged Infrastructure.

The operation also specialises in cyber security trends and is hosting its latest Secure Computing Forum in the Aviva Stadium in Dublin on 20 September.