Ergo set to cross € 100 million mark as it assesses acquisitions
Irish IT services group Ergo expects revenue to exceed 100 million euros for the first time this year.
The company, which has just been named Microsoft Ireland Country Partner of the Year for the fifth time in a decade, offers IT solutions ranging from cloud and managed services to software and infrastructure.
Founded by John Purdy and Tim Sheehy in 1993 as a two-person business selling toner cartridges for printers, the company today employs more than 400 IT professionals.
Ergo said € 85.2 million last year and Mr Purdy said the company is still experiencing strong growth despite the coronavirus pandemic.
“We just crossed 25 million euros for the first quarter until the end of June and if we can keep that momentum going, which we should be able to do, then we will definitely earn 100 million euros for the year, ”said Mr. Purdy. .
“I look at the market and see further consolidation in the industry and it gives us opportunities to acquire the right assets to drive future growth. ”
Mr Purdy said much of the current growth has come from the cloud, as the Covid-19 pandemic has pushed organizations that have been slow to adopt it in recent months. He also noted an increased demand for services in areas such as cybersecurity.
“We are far from finished. We have a lot of opportunities to explore, ”he said.