Irish cloud computing provider Strencom has acquired managed network and cybersecurity company Baker Security & Networks for an undisclosed sum.
The company said the deal will boost its security and networking offering and further its ambition to achieve annual recurring revenue of €50m.
Since it was set up in 2000, Strencom provides managed connectivity, unified communications and managed cloud hosting services to clients across a wide range of industries.
These include the retail, financial services, healthcare, manufacturing, legal, agribusiness and security sectors in both Ireland and the UK.
Today's deal will expand Strencom's presence to three office locations, establishing a presence in Dublin's city centre in addition to its existing Dublin and Cork offices.
Baker Security & Networks is one of the longest established security and networking companies in Ireland and its clients include Kingspan, the Office of Public Works and Genomics Medicine Ireland.
Tim Murphy, CEO of Strencom, said that Baker Security & Networks is an ideal fit for the company as they both share a similar culture and core values.
"This acquisition will transform our business, enabling us to provide both cloud infrastructure and now cloud security, in our own cloud, as well as that of the other IaaS providers such as Azure and AWS," Mr Murphy said.
"While Baker will continue to operate as its own entity, and under its own brand, our deeply experienced technical support teams will be connected and work closely together, ensuring the best possible support and outcomes for our customers," he added.
