Acquisition of Unity Technology Solutions boosts Ekco revenue to €105M
Ekco has today announced the acquisition of leading managed IT services provider, Unity Technology Solutions, taking Ekco's annual revenue to €105 million.
Dublin, Tuesday, 9th August 2022: Irish-headquartered cybersecurity and cloud services specialist, Ekco, has today announced the acquisition of leading managed IT services provider, Unity Technology Solutions. The terms of the deal were not disclosed.
This takes Ekco’s annual revenue to €105 million and staff numbers to just over 500 across Ireland, the UK and the Netherlands. Of that number, almost 400 are highly-specialised cybersecurity and cloud service engineers.
Over 300 people are now employed at five locations across Dublin and Cork.
Unity is a well-established and successful managed cloud services provider, specialising in cybersecurity, infrastructure, applications and identity management. With offices in Dublin and Cork and staff of 80, Unity has a particularly strong Microsoft practice and a high profile customer base that includes organisations such as Musgrave Group, SEAI, Sherry FitzGerald, the Residential Tenancies Board and Vodafone.
This latest acquisition by Ekco is a significant milestone and brings Ekco one step closer to its goal of becoming the leading security-first, cloud service provider in Europe.
It also enhances Ekco’s service portfolio with the addition of Microsoft’s full technology stack and offers Irish and European customers a strong value proposition across secure public and private cloud, backup and disaster recovery as well as a comprehensive suite of cybersecurity solutions.
Commenting on the deal, Eoin Blacklock, CEO of Ekco said:
“Unity is a natural fit for Ekco and complements our commitment of helping organisations make the transition to secure cloud in a way that strengthens their business and accelerates growth. We’re ambitious for the new Ekco and look forward to bringing our clients the business benefits of our combined investment and technology innovation.”
Unity was established in 2011 as a full IT service provider and one of Ireland’s best-known enterprise technology brands. Unity acquired IT Force Limited in 2020.
“Ekco shares our customer-centric business philosophy, which has been a key driver in our success,” said David Hargaden, CEO with Unity. “I look forward to introducing Unity’s customers to the full portfolio of Ekco’s cybersecurity services and to joining the Ekco senior leadership team.”
Ekco has completed a number of other Irish acquisitions over the past year. Most recently, Ekco acquired cybersecurity services provider, Kontex Security Limited and with it a staff of 60 technology professionals. Prior to this, Ekco acquired Ward Solutions, one of Ireland’s most well-respected cybersecurity consultancies.
Ekco has successfully completed three funding rounds, the most recent of which was €20.25 million closed within the last year.
“Our strategy of acquiring highly-specialised cybersecurity and cloud service providers will continue,” explains Blacklock. “We look for organisations with teams of highly-skilled technology professionals that have the same DNA as us and share our business ethos of providing a local, personal service that large-scale providers can’t.”
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