Irish founded managed cloud and security services providers Ekco has today announced a deal to buy Cork-based Datalogix.
Datalogix is an operational technology (OT) business with over 20 years experience of delivering services to enterprise customers across Ireland, the UK, and the US.
The company's team will join Ekco's workforce of over 1,000 people globally across Ireland, UK, the Netherlands, Malaysia, and South Africa.
It will form part of Ekco's security division, bringing the division's revenues to a €100m share of Ekco's overall group revenues of €200m.
The company said the deal will significantly expand its OT capabilities in the Irish, UK, and US markets, under the leadership of Ekco Ireland CEO Steve MacNicholas.
Datalogix marks the eighth company to be acquired by Ekco in the last two years. Today's acquisition follows thepurchases of cybersecurity consultancy Predatech, and managed service providers (MSP) Solsoft and Adapt IT last year.
The company said it signifies another milestone in its ambition to build a security-first unified MSP platform across Europe.
Steve MacNicholas, CEO of Ekco Ireland, said that after knowing Datalogix well for many years, the company has always admired their highly specialised and client focused capabilities as trusted OT advisors in the life sciences, pharmaceutical, and critical national infrastructure markets.
"With Ekco's world class expertise in security-first managed services and cutting-edge technology, this partnership is a perfect match - and we are looking forward to growing and learning together," he added.
"Joining Ekco enables us to increasingly invest in and develop our OT capabilities to bring enhanced resources and resilience to our customers, backed by Ekco's scale - while maintaining the responsiveness they value," Der Cremen, Managing Director of Datalogix, said.
"EY were delighted to provide sell side M&A lead advisory and tax services to the shareholders of Datalogix on the company's sale to Ekco. Congratulations to the combined team," Ronan Murray, EY M&A Partner, said.
