Investcorp makes a technology agreement in Ireland
By means of Investcorp’s portfolio enterprise, Calligo Ltd. has bought Itomic Voice & Data Ltd (Itomic), an IT managed services supplier. Jersey-based Calligo was supported by Investcorp Technology Partners with over and above $20 million to help speed up their product invention and multinational expansion plans.
Following the recent deal, Gilbert Kamieniecky, Managing Director and Head of Investcorp’s Private Equity Technology business, mentioned: “We invested in Calligo because of its strong position in the attractive and growing data privacy and managed services market.
He further added: “We are pleased with how the talented team at Calligo has established the company as one of the global leaders in managed services, even forging a new area in privacy-focused managed data services, with a successful history of acquiring and integrating complementary businesses.”
Inclusion of Itomic Voice & Data makes Calligo one of the biggest IT service suppliers in Ireland, with considerable existence in both Cork and Dublin – Ireland’s two greatest economic areas.
Julian Box, CEO of Calligo stated: “We focused our current expansion strategy on Ireland because of its growing number of innovative businesses developing new data-reliant tools and services,”