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Ergo agrees deal for software firm BoatyardX

Brian Barter, MD of BoatyardX (l) and Paul McCann, CEO of Ergo
Brian Barter, MD of BoatyardX (l) and Paul McCann, CEO of Ergo

Irish IT services company Ergo has today announced a deal to buy BoatyardX, an Irish based custom software development company.

BoatyardX uses cloud technology to design, build and launch secure and scalable software solutions for customers in North and South America, Europe, Northern Africa and South-East Asia.

It has developed significant expertise building cloud based custom software for clients in FinTech, Payments, e-Commerce and Internet of Things sectors.

Ergo said today's deal will further deepen its software development competencies and will allow it to meet a growing demand for bespoke business critical applications and to build new products that address emerging market opportunities.

It said it also builds on its acquisition of Asystec earlier this year, which forms part of Ergo's domestic and global growth strategy.

Headquartered in Dublin and with development teams in Romania and Colombia, BoatyardX's workforce of 120 will join Ergo's global team of IT professionals, bringing its total workforce to 700.

Paul McCann, CEO of Ergo, said the deal will give it the critical mass it was looking for in its software practice as well as a "brilliant" offshore development team that will open many new doors for the company.

"It will also further strengthen our ability to fully support CIOs in a tech advisory capacity, and find new ways to make their applications fit for purpose in fast-changing business environments", he added.

Brian Barter, Managing Director of BoatyardX, said the company's international experience and strength in custom cloud based product development will build on, and enhance Ergo's extensive digital, cloud and customer technology capabilities.

"In our first three years we have built real strength in the financial service, e-commerce and payments sectors and look forward to deepening these and continuing our growth into new areas," he added.