Cork-headquartered IT managed service provider Adapt IT has been acquired by Ekco, a European security-first managed service providers.
Today’s deal is Ekco’s sixth acquisition in two years and brings its total acquisition investment to €57m within this timeframe.
Founded over 20 years ago, Adapt IT employs 37 people at its Cork location and it serves customers in the SME market. Its 300-strong customer base operates in industries such as manufacturing, retail, hospitality, legal, and finance.
It said the deal boosts its ability to support fast-growing SMEs with unified, secure and scalable technology solutions.
Ekco said today’s acquisition brings its global headcount to over 1,000 employees and adds a seventh Irish location to its growing regional network.
As well as its three sites in Dublin, Ekco now operates in Cork, Waterford, and Laois, as well as across the UK, Netherlands, South Africa and Malaysia.
Cian Prendergast, CEO at Ekco MSP, said the acquisition of Adapt IT is the latest move in the company’s aggressive expansion strategy which targets key acquisitions combined with sustained business growth.
“This strategy reflects an investment in innovation that will make us in Ekco, and our acquired companies, stronger as a result. We’re building a modern, security-first MSP that helps ambitious businesses to operate with confidence and resilience,” he added.
John Levis, Managing Director at Adapt IT, said the company was delighted to join the Ekco group, an Irish-founded business which is on an impressive growth trajectory.
“This will enable us to continue to deliver top-tier services to businesses, backed up by the skills and resources of a larger group. We are seeing that even smaller businesses are seeking enterprise-grade IT and cybersecurity solutions – Ekco’s expertise will help us to meet this growing demand as the volume and complexity of cyber threats continues to rise,” he added.
