As a part of the deal pending regulatory approval and reportedly value €30m, James Finglas of MJ Flood Know-how will be part of Viatel’s senior management staff.
Irish telecoms and IT firm Viatel has acquired the expertise division of MJ Flood, a managed print companies supplier.
Viatel stated in an announcement immediately (29 April) that the acquisition of MJ Flood Know-how alerts a “main market shift” that can strengthen its place in Eire’s IT market and bolster its experience throughout cybersecurity, cloud and managed companies.
Based in 1998, MJ Flood’s tech division marked a diversification of its mum or dad firm into new areas of companies. The group has a buyer base spanning the monetary companies, healthcare and training sectors.
Viatel CEO Paul Rellis stated that the group has a “lengthy historical past, best-in-class options and a extremely expert staff”.
“We’re assured that our mutual dedication to excellence and repair will make them really feel proper at residence with us,” he stated.
As a part of the deal, James Finglas, the managing director of MJ Flood Know-how, will now be part of Viatel’s senior management staff. The acquisition is reportedly value €30m based on The Foreign money and is anticipated to shut by the center of the 12 months pending regulatory approval.
“With the addition of MJ Flood Know-how, we’re delivering on the daring imaginative and prescient we’ve got for this enterprise,” stated Rellis. “We intend to turn out to be the main cybersecurity, connectivity and digital companies enterprise on these islands. As soon as all needed approvals are in place, this acquisition will increase our capability to ship enormous worth for purchasers in networking, cybersecurity, cloud and Microsoft options.”
“At this time is a good day for the shoppers and workers of MJ Flood Know-how as we turn out to be a part of Viatel Know-how Group’s thrilling story,” stated Finglas.
“Becoming a member of Viatel creates new alternatives for our prospects and workers. They’ll anticipate the identical distinctive service and technical experience they’ve come to depend on, now backed by Viatel’s broader capabilities.”
A 12 months in the past, Viatel acquired Sungard Availability Providers, simply months after Viatel stated it was creating 50 new jobs in Eire to help the launch of a brand new cybersecurity product. Earlier acquisitions have included Wifiber, Nova Telecom, Irish Telecom, SupportIT and ActionPoint.
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