Irish telecom provider Viatel has acquired Limerick-based ActionPoint to form a new digital services platform and expand in international markets.
ActionPoint is a digital transformation company which provides software and IT services for businesses. Its customers include big names such as Munster Rugby, National Lottery and the Department of Foreign Affairs, and it has worked on Ireland’s online passport renewal system.
The company, headquartered in Castletroy, Co Limerick, provides a range of technology services to more than 500 organisations, aiming to help them grow and scale through the design and development of software and managed IT services.
Paul Rellis, chief executive of Viatel, said that the acquisition of ActionPoint boosts Viatel’s employee count from 160 to 260. Even after the acquisition, ActionPoint’s founders and leaders will continue to grow the business while innovating for existing and new customers.
Rellis praised ActionPoint’s “very strong market proposition” and said that their combined range of services provides “an incredible opportunity” for both companies to join forces.
“Viatel’s strong roots in telecoms, communications and connectivity bolstered by ActionPoint’s capabilities in software development, the Azure cloud and digital transformation means customers can expect a true end-to-end offering,” he said.
Last November, only two months prior to its acquisition, ActionPoint acquired Dublin-based IT services business ICT Project Management in a multimillion-euro deal that was expected to see the group’s combined revenue exceed €16m annually.
Viatel forecasts that the ActionPoint acquisition will increase its revenue to €65m in 2022. Headquartered in Dublin with offices in Dundalk, Cork and Limerick, Viatel has more acquisitions in the pipeline for 2022 – with its eyes on international markets. The two companies will look to emerging Irish talent to help their global expansion.
David Jeffreys, chief executive of ActionPoint, said that his company has worked with Viatel on a number of projects in the past and has always been “impressed by their professionalism and customer focus”.
“By joining forces, we are uniquely positioned to deliver the full stack of digital services from data centre and connectivity to cloud, productivity and true digital transformation,” he said.
In July last year, Viatel acquired Cork-based Nova Telecom to expand its services for customers in Ireland. This was its third acquisition in nine months, after acquiring Limerick’s Ripplecom and Irish Telecom in late 2020. In 2018, Viatel teamed up with Siro to bring Ireland gigabit connectivity.
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