Limerick firm ActionPoint acquired by Viatel Group

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ActionPoint chief executive David Jeffreys

LIMERICK-based IT services and software development company ActionPoint has been acquired by the Viatel Group, an independent provider of connectivity, cloud and security solutions.

From its headquarters in Castletroy, ActionPoint provides digital transformation services to more than 500 customers, including Munster Rugby, Chill Insurance, National Lottery, the Department of Foreign Affairs and a number of Credit Unions.

Last November ActionPoint acquired ICT Project Management, increasing its workforce to 100 employees in Ireland and the UK.

While the financial terms of the deal have not been disclosed, post acquisition the Viatel Group revenues are forecasted to reach €65 million in 2022.

ActionPoint chief executive David Jeffreys said the acquisition marked a new chapter in the ActionPoint journey and would result in the strengthening of its IT, software development and digital transformation resources.

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“We have partnered with Viatel in the past on a number of projects and we were always impressed by their professionalism and customer focus. By joining forces, we are uniquely positioned to deliver the full stack of digital services from data centre and connectivity to cloud, productivity and true digital transformation,” he added.

Viatel chief executive Paul Rellis said that the deal resulted in the company increasing its workforce from 160 to 260 giving it the capability to provide the market with a unique proposition: Viatel’s strong roots in telecoms, communications and connectivity bolstered by ActionPoint’s capabilities in Software Development, the Azure Cloud and Digital Transformation.

“The customer focused cultures of both companies was key in making this partnership a reality and we are excited  about the opportunity to bring an even greater service offering to both Viatel and ActionPoint customers.”

The new group structure will see ActionPoint’s management continue to drive the ActionPoint business and a number of follow-on acquisitions are already earmarked for 2022.