This is technology M&A deal number 725 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Ekco Acquires Unity Technology Solutions
Ekco, founded in 2015, is based in Dublin, Ireland. The company has 173 employees listed on LinkedIn. Ekco’s areas of expertise include managed cloud services, infrastructure, networking, and security.
Unity Technology Solutions, founded in 1996, is based in Dublin, Ireland. The company has 69 employees listed on LinkedIn. Unity’s areas of expertise include Cloud Services - private, public or hybrid cloud, Data Infrastructure, Unified Communications, Security, IT Contract Resourcing, and Managed Services.
The acquisition will increase Ekco’s annual revenue to €105 million (about USD$108.5 million) and its headcount to more than 500 across Ireland, the UK, and the Netherlands, the company said.
Unity has a particularly strong Microsoft practice and a customer base that includes companies like Musgrave Group, SEAI, Sherry FitzGerald, the Residential Tenancies Board, and Vodafone.
Ecko Acquires Unity: Executive Insight
Eoin Blacklock, CEO, Ekco, commented:
“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.”
David Hargaden, CEO, Unity, said:
“Ekco shares our customer-centric business philosophy, which has been a key driver in our success. 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.”
Ecko’s Growth Path
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 cybersecurity consultancy Ward Solutions.
Ekco has successfully completed three funding rounds, the most recent of which was €20.25 million (about USD$20.9 million) closed within the last year.
Of the company’s growth, Blacklock said:
“Our strategy of acquiring highly-specialized cybersecurity and cloud service providers will continue. We look for organizations 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.”