IT.ie, a leading Irish managed IT services company, has announced that it has acquired Abacus Systems, a South-Dublin based managed IT service provider, in a seven-figure deal. Following the acquisition, the company is forecasting revenues to exceed its previous target of €8M, reaching €10M by year-end 2025. Its workforce, meanwhile, will grow to a team of more than 50.
The strategic move reinforces IT.ie as a leading player within the managed IT service provider and cybersecurity market, bolstering its existing expertise and enabling the company to offer a broader range of industry-leading systems and solutions. IT.ie will continue its commitment to providing exceptional customer service as its customer base grows by 50% to more than 500 clients.
Established in 1992, Abacus Systems brings over three decades of experience delivering trusted IT services, combining technical expertise with a client-focused approach. As a long-term technology partner to corporates, public sector organisations, healthcare providers, and SMEs across Ireland, the company works consultatively with clients to align technology solutions, such as managed services, cloud technologies, cybersecurity, and compliance with their business goals, supporting each organisation’s growth and long-term success.
The acquisition was independent of private equity, and was self-funded by IT.ie, reflecting the company’s financial strength and independence.
Eamon Gallagher, Founder and Managing Director of IT.ie, said: “The acquisition of Abacus Systems marks a key moment in our success and is another milestone in our journey to becoming a leading force in the managed IT services space. It firmly strengthens our position within the market, allowing us to offer an even greater portfolio of services and deeper expertise to facilitate our growing customer base.
“The acquisition unites two companies built with the same core values. For us, the partnership goes beyond growth and is an opportunity to learn from one another and build on our existing expertise together. Our customers will receive the same exceptional customer service that they are used to, with the added bonus of expanded service offerings, deeper industry knowledge, and even more solutions tailored to meet their individual needs. Above all else, the success of our clients remains our top priority, and the acquisition of Abacus systems sets out to facilitate this further.”
Derek O’Callaghan, Managing Director of the Abacus Division, said: “This acquisition isn’t just great news for our business, but also our customers. Regardless of size, every business needs to be a resilient, digital enterprise and we are proud to have joined forces with IT.ie to work as one team in delivering this for combined customer base. In terms of services and our cultures, we complement each other and are excited to be on this journey together.
“IT is becoming more complex and that is likely to see more pooling of resources of this kind. The IT industry is consolidating and getting stronger, and we are bringing that strength to our customers.”
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