Deal marks sixth acquisition for managed service provider in two years
Trade
Pictured: Cian Prendergast and Steve MacNicholas, Ekco; and John Levis, Adapt IT
Ekco has acquired Cork-based managed service provider Adapt IT for an undisclosed sum. The new deal, Ekco’s sixth acquisition in two years, brings its total acquisition investment to €57 million within this timeframe.
In business for more than 20 years, Adapt IT employs 37 people, serving customers in the small-and-medium-sized enterprises (SME) market. Its 300-strong customer base operates in industries such as manufacturing, retail, hospitality, legal, and finance.
The acquisition of Adapt IT brings Ekco’s global headcount to more than 1,000 employees and adds a seventh Irish location to its growing regional network. In addition to its three sites in Dublin, Ekco now operates in Cork, Waterford, and Laois, as well as across the UK, Netherlands, South Africa, and Malaysia.
Adapt IT’s expertise in Microsoft solutions will strengthen Ekco’s modern working service offering for its customers, and its MSP focus will further build upon Ekco’s existing managed service capabilities.
Adapt IT’s customer base will now benefit from Ekco’s suite of advanced cloud services, automation expertise, and cyber security capabilities in areas including security information and event management, security operations centres, and backup.
Cian Prendergast, CEO at Ekco MSP, said: “The acquisition of Adapt IT is the latest move in our 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.
“Adapt IT, like us, is a cloud-first business that reflects our culture and has had tremendous success in building a nationwide customer base. By bringing our two companies together, we will enhance our regional footprint in a location where we see vast opportunities for our expansion, while also combining our knowledge and services to pioneer the demands of the modern enterprise. It strengthens our position as the go-to IT partner for businesses who want the reliability of a national partner with the responsiveness of a local team.”
John Levis, managing director, Adapt IT, said: “We are 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 cyber security solutions – Ekco’s expertise will help us to meet this growing demand as the volume and complexity of cyber threats continues to rise.”
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