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Arkphire Bought by US Firm Presidio

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DateMonday, January 18, 2021

Arkphire Bought by US Firm Presidio

Deal Thought to be Worth in Region of $140m Cleared by Competition Authorities in Ireland and Europe

Arkphire, the Irish IT services company, has completed its acquisition by US IT solutions provider Presidio, in a deal estimated to worth in the region of $140m. The deal completed following the formal approval from the Competition Authorities in Ireland and Europe.


Aisling Bolger, Group Head of Marketing, Arkphire and Paschal Naylor, Chief Executive, Arkphire, attending a conference call with members of the leadership teams from both Arkphire and US tech company, Presidio.

The combined capabilities from both Arkphire and Presidio create a new global IT solutions business with the ability to serve their customers in all key markets.  Arkphire will now join the Presidio Group, maintaining its distinct ‘Arkphire’ brand and look to drive further business growth across both Europe and Asia Pacific while leveraging Presidio’s strong presence in the US.


The acquisition marks another major milestone for Arkphire. Originally established in 1979 as Memorex Telex, throughout several acquisition and buyouts Arkphire has grown to become a €160m business with more than 250 employees and serving customers across more than 90 countries. 


Following its acquisition of Trilogy Technologies in 2020, Arkphire is now positioned as the largest and fastest growing Irish headquartered IT procurement and IT managed services business providing its services thorough a network of partnership accreditations including Check Point 4-Star, Cisco Gold, Citrix Platinum, Dell Technologies Titanium, HP Platinum, IBM Gold, Lenovo Platinum and Microsoft Gold Partner. Arkphire is also an Apple Authorised Enterprise Reseller (AAER)


Commenting on this latest development, Paschal Naylor, chief executive at Arkphire (pictured with Group Marketing Head Aisling Bolger) said; “We are delighted to close this deal with Presidio.  We are looking forward to building a very strong working partnership with the team at Presidio, ensuring we expand our capabilities to deliver an even stronger service offering in response to our respective customers’ needs.”   


Over its 57 offices across the United States, Presidio employs 2800 professionals, of which are 1600 technical engineers. Its $3 billion IT solutions and services business focuses on serving around 7,300 middle market, large and government organisations across a diverse range of industries. 


Both Arkphire and Presidio have a shared core business model focused around digital infrastructure, cloud, security and other IT services. 


Commenting on the acquisition, Presidio CEO Bob Cagnazzi said; “We are very excited to formally complete the acquisition and to combine the strengths of both organisations in order to provide the highest levels of service to our customers globally. In particular, we will be seeking to leverage Arkphire’s experience, expertise and global footprint to provide Presidio with a platform to drive business expansion across both Europe and Asia Pacific.”


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