TEKenable Limited, the Ireland-based technology and service company, has reportedly acquired Greenfinch Technology, a Dublin-based software development firm in a bid to strengthen the geographical footprints of the company.
Sources cite that the deal will help TEKenable to accelerate its growth and allow it to enter new business markets. The acquisition will also bring novel intellectual property in new market sectors, novel technology solutions, and application delivery to the company
For the record, Greenfinch has expertise in cloud solutions, smartphone applications, and innovative software for medical devices. The company currently has a team of 26 people and has developed significant expertise in Microsoft technologies, including the Xamarin Mobile platform, Microsoft BI, and Microsoft Dynamics.
The joint businesses will have over ninety employees and have expected annual revenues close to €8 million. The joint entity will have operations across the UK, Ireland, Spain, the UK, and the Middle East.
Speaking on the acquisition, Nick Connors, Managing Director, TEKenable said that the deal is an important development for the company’s business and brings together a highly skilled and dedicated team offering ‘low code’ cloud platform solutions which would establish it as one of the leading cloud applications service companies in both the UK and Ireland.
According to sources familiar with the knowledge of the matter, Greenfinch Founder Dermot Reid, Director Brendan Thomas, and the management team will start working for TEKenable following the acquisition. They will concentrate on growing the business and the integration of two firms.
Mr. Reid said that the deal comes as good news for the company’s clients who now have access to the improved cloud services that both companies have to deliver.
TEKenable was established in 2002 by Peter Rose and Nick Connors and concentrates on offering digital evolution through ‘low code’ platforms to companies both in the UK, Ireland, and the Middle East.