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Dublin-based PlanNet21 Group bought by Conscia

Peter Carroll, CEO of PlanNet21 Group and Erik Bertman, Group CEO of Conscia
Peter Carroll, CEO of PlanNet21 Group and Erik Bertman, Group CEO of Conscia

Dublin-based cybersecurity company PlanNet21 Group has been bought by Conscia, a European provider of cybersecurity and networking solutions for mission-critical IT infrastructure in large organisations, for an undisclosed sum.

PlanNet21 Group had revenues of almost €70m in 2022/23 and along with its headquarters in Dublin, it has regional offices in Cork, Galway, Belfast and Edinburgh in Scotland.

It has about 300 customers in the public sector and enterprises, mainly within the technology, media, telecom and government sectors.

Conscia designs, implements and manages secure cybersecurity and networking services and solutions and it supports over 1,000 customers across Europe in finance, healthcare, manufacturing, utilities, retail and the public sector.

It has operations in Denmark, Germany, Norway, Slovenia, Sweden, the Netherlands and the UK and is owned by private equity investor Nordic Capital.

It is expected that the combined current business, including PlanNet21 Group, will generate revenue more than €700m in 2022/23.

PlanNet21 Group is Conscia's 20th acquisition in eight European geographical markets and follows its purchase of a digital transformation provider in the UK - ITGL - and Nordic Kanari Group, which specialises in observability, earlier this year.

"With Conscia we can accelerate our development through enhanced customer offerings and a pan-European presence," PlanNet21 Group's chief executive Peter Carroll said.

"They bring financial strength and scale in networking competencies, and their edge as a cybersecurity leader with award-winning services and solutions coupled with data insights through their platforms for Managed Detection and Response and Security Information and Event Management makes them an attractive owner for us," he added.

"I am very pleased to welcome customers and the highly competent people from PlanNet21 Group to Conscia and we look forward to working together in Ireland and on all our combined markets. There is a commercial and cultural fit that will create a very compelling customer proposition," Conscia's group CEO Erik Bertman stated.